Frictional Unemployment

question 28

Multiple Choice

Frictional unemployment:

• A) occurs when there is a mismatch between the skills workers can offer and the skills that are in demand.
• B) is caused by workers changing their locations, jobs, or careers.
• C) is the effect of wages remaining persistently above the market-clearing level.
• D) is not connected to natural rate of unemployment.

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Definitions:

Cancellation

In mathematics, the process of simplifying expressions by eliminating factors or terms that are common to both the numerator and the denominator.

Add

The mathematical operation of combining two or more quantities to get a total sum.

Fractions

A mathematical expression representing the division of one quantity by another, denoting parts of a whole.

Arabic Numerals

The numeral system of digits used globally (0, 1, 2, 3, etc.), originating from the Arabic-speaking world and now common in most countries.