Which of the following is an example of frictional unemployment?
A) Dave searches for a new job after voluntarily moving to San Diego.
B) Elaine is willing to work for less than the minimum wage, but employers cannot hire her.
C) Bill is qualified and would like to be an airline pilot, but airlines do not find it profitable to hire him at the wage established by the airline pilot's union.
D) Joan is willing to work at the going wage, but there are no jobs available.
Correct Answer:
Verified
Q15: The natural rate of unemployment in the
Q16: If the fraction of employed workers who
Q17: One reason for unemployment is that:
A) it
Q18: The macroeconomic problem that affects individuals most
Q19: Sectoral shifts:
A) lead to wage rigidity.
B) explain
Q21: When the real wage is above the
Q22: The unemployment resulting when real wages are
Q23: All of the following are causes of
Q24: Wage rigidity:
A) forces labor demand to equal
Q25: Firms currently have incentives to temporarily lay
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