Some Frictional Unemployment Is Inevitable Because

question 7

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:

Provide Liquidity

To provide liquidity means to make assets easily convertible into cash or to facilitate the ease of buying or selling assets in the market without affecting their price significantly.

Dealers

Individuals or entities that act as principals in trading securities, buying and selling for their own accounts.

Street Name

Describes securities held by a broker on behalf of a client but registered in the name of the firm.

Stock Certificate

A physical document that represents ownership in a corporation, indicating the number of shares owned by the shareholder.