Which Statement Is FALSE

question 154

Multiple Choice

Which statement is FALSE?

• A) Both frictional and structural unemployment can occur,even if unemployment is at its natural level.
• B) Cyclical unemployment is unemployment in excess of the natural rate.
• C) A new university graduate looking for that first professional job may be frictionally unemployed.
• D) Efficiency wages may cause frictional unemployment.

---

Definitions:

Novation

The act of replacing an old contract with a new one, where a different party assumes the obligations or benefits of the original party.

Equitable Remedy

A non-monetary court order to take or refrain from taking specific actions, granted when money damages are insufficient.

Accord and Satisfaction

A legal agreement between parties to settle a dispute by agreeing on an alternative obligation other than what was originally owed.

Novation

The act of replacing an existing obligation with a new one, effectively transferring the rights and duties to a third party.