Frictional Unemployment Is the Result of

question 143

Multiple Choice

Frictional unemployment is the result of

• A) not enough jobs for everyone to be employed.
• B) unemployed workers' skills not matching those needed for the available jobs.
• C) a decline in the demand for labor, such as during a recession.
• D) imperfect information and temporary periods of unemployment while workers are changing jobs.

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Definitions:

Blind

A status on tax filings that provides additional deductions or credits for individuals who are legally blind.

Joint Return

A tax return filed jointly by a married couple, combining their incomes, exemptions, and deductions.

Earned Income

Income derived from active employment and work, such as wages, salaries, tips, and professional fees.

Additional Standard Deduction

An extra deduction amount added to the standard deduction, available to certain taxpayers, such as the elderly or blind.