Frictional unemployment exists because of all of the following reasons EXCEPT:
A)that new jobs are continually being created.
B)that some old jobs are always being destroyed.
C)that new workers are always entering the labor market.
D)for the minimum wage.

Question

Quizplus · Accepted Answer

Frictional unemployment is the result of people transitioning between jobs or entering the labor market for the first time. It is not caused by the minimum wage, which is a policy that sets a legal minimum for wages paid by employers to employees.

Frictional Unemployment Exists Because of All of the Following Reasons