Examlex
What are the characteristics of an organization driven by fear?
Frictional Unemployment
Unemployment due to the time workers spend in job search, usually short-term and occurring when individuals are transitioning between jobs.
Natural Rate
Often referred to as the natural rate of unemployment, it is the level of unemployment consistent with a stable rate of inflation, where the labor market is in equilibrium.
Cyclical Unemployment
Unemployment that results from business cycle fluctuations in economic activity, particularly downturns, rather than from changes in the workforce or skill mismatches.
Long Run
A period where all factors of production and costs are variable and no inputs are fixed.
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