Frictional unemployment is inevitable because

Question

Quizplus · Accepted Answer

Frictional unemployment is caused by the normal movement of workers between jobs and industries. This is known as sectoral shifts, and it is an inevitable part of the economy. Factors like changes in technology, consumer preferences, and globalization can lead to these shifts, resulting in some level of frictional unemployment. The other options listed - minimum-wage laws, people not wanting to work, and popularity of unions - may have an impact on employment levels, but they are not direct causes of frictional unemployment.

Frictional Unemployment Is Inevitable Because