Examlex
Which of the following is not in agreement with the definition of frictional unemployment?
Elastic Supply
A situation where the quantity supplied of a good or service changes significantly when its price changes.
Quantity Supplied
The amount of a commodity that producers are willing to sell at a particular price over a specified period.
Price Rise
An increase in the cost of goods or services over a period of time, often measured by inflation rates.
Price Elasticity
An evaluation of consumers' reaction in terms of the quantity of a good they demand when its price changes, indicating their price sensitivity.
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