Frictional Unemployment Is Inevitable Because

question 47

Multiple Choice

Frictional unemployment is inevitable because:

• A) different sectors do not shift.
• B) the economy needs to be lubricated.
• C) workers never quit their jobs to change careers.
• D) the demand for different goods always fluctuates.

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Definitions:

Affordable Housing

Housing units that are economically feasible for people within a specified income range.

Social Stratification

The hierarchical organization of a society into different social classes or groups, based on factors like wealth, occupation, and education.

Well-Developed Societies

Societies that exhibit robust economic growth, advanced infrastructure, and a high level of social welfare.

Welfare Reform

Changes in the public assistance system aiming to improve the management and delivery of welfare benefits, often with the goal of encouraging employment among beneficiaries.