Frictional Unemployment Always Exists Because

question 269

Multiple Choice

Frictional unemployment always exists because

• A) some workers quit their jobs without having another job already lined up.
• B) the government has never instituted full employment policies.
• C) workers are lazy and refuse to accept certain jobs.
• D) recessions are necessary sometimes to keep the economy healthy.

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Definitions:

Short Run

This is a period during which at least one factor of production is fixed, typically used in economic analyses to describe immediate effects of changes.

Produce

Agricultural products, especially fresh fruits and vegetables, that are grown for consumption.

Price

The fund requirements to procure a product or service.

Profit-Maximizing

A strategy or point where a business achieves the highest possible profit with its current resources and market conditions.