Frictional unemployment is a "necessary" cost of a dynamic economy.

Name: Frictional unemployment is a "necessary" cost of a dynamic economy.
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Frictional unemployment occurs when workers are either transitioning between jobs or entering the workforce for the first time. It is an unavoidable part of a dynamic economy where there is mobility and opportunities for workers to seek better jobs. Therefore, frictional unemployment is considered a necessary cost of a dynamic economy.

Frictional Unemployment Is a "Necessary" Cost of a Dynamic Economy