Many Economists Would Argue That Some Frictional Unemployment

question 78

Multiple Choice

Many economists would argue that some frictional unemployment

• A) creates massive economic disruptions and should be eliminated as quickly as feasible.
• B) should be eliminated whatever the cost.
• C) no longer exists because increased unemployment benefits have generally solved this problem.
• D) cannot and probably should not be eliminated.

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Definitions:

Null Hypothesis

A hypothesis stating there is no significant difference or effect, used as a starting point for statistical testing.

Significance Level

A threshold for determining whether an observed effect is statistically significant, often set at 0.05.

Alternative Hypothesis

A hypothesis that contradicts the null hypothesis, proposing a new effect or relationship.

Null Hypothesis

A standard assumption that posits no meaningful difference or impact exists, usually examined in contrast with a contrasting hypothesis during statistical evaluation.