Frictional unemployment is
A) the lowest rate of unemployment that can be maintained without accelerating the rate of inflation.
B) caused by a mismatch between the skills of unemployed workers and the skills required in jobs that have openings.
C) associated with downturns in the pace of economic activity.
D) caused because time is needed to enter the labor force to find a job or to move from one job to another.
Correct Answer:
Verified
Q94: Statement I: It is possible for the
Q95: Statement I: Nearly all the unemployed collect
Q96: Stagflation describes a condition whereby
A)inflation is caused
Q97: People are classified as unemployed if
A)they choose
Q98: Most business cycle theories are
A)endogenous.
B)exogenous.
C)both endogenous and
Q100: Stagflation describes a situation in the economy
Q101: The Consumer Price Index measures
A)changes in the
Q102: Statement I: The term-discouraged workers refer to
Q103: Full employment implies that
A)the economy has no
Q104: _ results from shifts in the demand
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