Frictional unemployment is the result of
a. not enough jobs for everyone to be employed.
b. unemployed workers' skills not matching those needed for the available jobs.
c. a decline in the demand for labor, such as during a recession.
d. imperfect information and temporary periods of unemployment while workers are changing jobs.
D
You might also like to view...
Refer to Figure 8A.2. If the economy were originally saving at the rate s1 but changed to the rate s2
A) depreciation will not catch up to total saving. B) capital deepening will continue past K2. C) the economy stops growing at e1. D) saving exceeds depreciation at K1.
Loans made to consumers by finance companies are typically
A) only for the purchase of cars or boats. B) at interest rates below those charged by banks for the same type of loan. C) at interest rates above those charged by banks for the same type of loan. D) not made for less than $10,000.