The Term Frictional Unemployment Refers to Persons Who Are Out

question 202

Multiple Choice

The term frictional unemployment refers to persons who are out of work

• A)due to technological change.
• B)due to strikes or lockouts.
• C)and have given up looking for work.
• D)because they are between jobs.

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Definitions:

Market Proxy

A singular asset or portfolio that represents the characteristics of an entire market segment or the market as a whole.

CAPM

The Capital Asset Pricing Model, which describes the relationship between systematic risk and expected return for assets, particularly stocks, suggesting that investors need to be compensated in two ways: time value of money and risk.

Fama and French

Scholars who developed a three-factor model for explaining the risk and return of stocks and other investments.

Econometrics

The application of statistical and mathematical theories to economics for the purpose of testing hypotheses and forecasting future trends.