Frictional Unemployment Is a "Necessary" Cost of a Dynamic Economy

question 20

True/False

Frictional unemployment is a "necessary" cost of a dynamic economy.

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Definitions:

Decentralized

Refers to the dispersion or distribution of functions and powers away from a central location or authority.

Decision Rights

The authority granted to individuals or groups to make choices regarding the allocation of resources, execution of tasks, or direction of strategies.

Relevant Information

Data or facts that can influence the outcome of a decision and should be considered when making choices.

Organizational Design

The process of structuring an organization in terms of its workflow, systems, and processes to achieve its objectives and maximize efficiency and effectiveness.