Frictional Unemployment Results from

question 57

Multiple Choice

Frictional unemployment results from

• A)job searching.It is often thought to explain relatively short spells of unemployment.
• B)job searching.It is often thought to explain relatively long spells of unemployment
• C)a surplus in the some labor markets.It is often thought to explain relatively short spells of unemployment.
• D)a surplus in some labor markets.It is often thought to explain relatively long spells of unemployment.

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Definitions:

Progressive

A term used to describe a tax system where the tax rate increases as the taxable income increases.

Proportional

A concept where elements are in a constant relationship in terms of size, amount, or number relative to a whole.

Regressive

Describing a tax system where the tax rate decreases as the taxpayer’s income increases, placing a larger burden on lower-income individuals.

Taxable Income

Taxable income is the portion of your gross income that's subject to taxes after deductions and exemptions.