Some Frictional Unemployment Is Inevitable Because

question 55

Multiple Choice

Some frictional unemployment is inevitable because

• A) Of minimum wage laws.
• B) There are changes in the demand for labour among different firms.
• C) Of unions.
• D) All of these answers
• E) Efficiency wages may hold the wage above the equilibrium wage.

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Definitions:

Prestige

The respect, admiration, or high regard that an individual, organization, or nation gains based on achievements, quality, or social status.

Income

Earnings received by an individual or entity, usually through work, investments, or business operations, over a specified period.

Third Parties

Political parties in the United States other than the two dominant ones, the Democrats and Republicans, often focusing on specific issues.

Extremist Religious Groups

Religious factions holding radical views or beliefs that are far removed from the mainstream interpretations of their faith.