Which of the following correctly describes ʺfrictional unemploymentʺ?
A. Frictional unemployment is due mainly to job losers.
B. Frictional unemployment is due mainly to job leavers.
C. Frictional unemployment occurs mainly during recessions.
D. Frictional unemployment is a normal occurrence in a growing economy.
Answer:D
Which of the following correctly describes ʺfrictional unemploymentʺ?
A. Frictional unemployment is due mainly to job losers. B. Frictional unemployment is due mainly to job leavers. C. Frictional unemployment occurs mainly during recessions. D. Frictional unemployment is a normal occurrence in a growing economy.