Frictional Unemployment Is Defined as

question 50

Multiple Choice

Frictional unemployment is defined as

• A)all unemployment above the natural rate
• B)unemployment that is cyclical in nature
• C)the natural unemployment rate minus cyclical unemployment
• D)unemployment resulting from people shifting between jobs and looking for new jobs
• E)any unemployment that is above 6%

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Definitions:

Accounting

The systematic process of recording, summarizing, and analyzing financial transactions of a business.

Accumulated Depreciation

The aggregate depreciation charged on a fixed asset since its acquisition.

Loss on Disposal

A financial loss that occurs when an asset is sold for less than its carrying amount on the books.

Gain on Disposal

The profit earned from selling a capital asset for more than its book value.