Many economists argue that 'frictional unemployment':
A)no longer exists due to shortages of labour.
B)cannot and probably should not be eliminated.
C)should be eliminated.
D)prevents the economy from reaching its full-employment output level.

Question

Quizplus · Accepted Answer

Many economists argue that frictional unemployment cannot and probably should not be eliminated. This type of unemployment is caused by factors such as people transitioning to new jobs or entering the labor market for the first time. It is considered a natural and necessary part of the labor market.

Many Economists Argue That 'Frictional Unemployment