Frictional Unemployment Is Inevitable Because

question 11

Multiple Choice

Frictional unemployment is inevitable because

• A)sectoral shifts are always happening.
• B)there is a federal minimum-wage law in the U.S.
• C)some people do not want to be employed.
• D)unions are very popular in the U.S.

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Definitions:

Cognitive Dissonance

The mental discomfort experienced by an individual who holds contradictory beliefs, ideas, or values, leading to an internal conflict.

Purchase Anxiety

The apprehension or doubt a consumer may feel before making a purchase decision, often due to fear of making the wrong choice.

Consumer Cynicism

A sentiment or attitude of distrust towards marketing practices, where consumers doubt the honesty or integrity of advertisements and promotions.

Subliminal Perception

The process by which individuals respond to stimulus that they are not consciously aware of, influencing their behavior or thought process unknowingly.