Frictional unemployment
a. would be eliminated if the economy were more stable.
b. would be eliminated if the minimum wage were raised.
c. is the result of workers' skills not matching the jobs available.
d. is present even when labor markets are working well.
D
Economics
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Individuals who are not working and are not actively looking for work are counted as unemployed if they have looked for work in the past
Indicate whether the statement is true or false
Economics
Which amount is not included in gross domestic product?
A) Payments to a physician for treatment of a respiratory condition caused by air pollution B) The purchase price of a used car bought from a friend C) Wages of government employees D) Wages of people who clean up toxic chemical spills E) Wages of people who sell used cars
Economics