The Best Example of a "Frictionally Unemployed" Worker Is One

question 143

Multiple Choice

The best example of a "frictionally unemployed" worker is one who:

• A) Reduces productivity by causing friction in a business
• B) Is laid off during a recessionary period in the economy
• C) Is in the process of voluntarily switching jobs
• D) Is discouraged and not actively seeking work

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Definitions:

Acceptable Prices

Prices that consumers feel are fair for products or services, and are willing to pay.

Total Revenues

The overall amount of money received by a firm from sales of its products or services, before any costs are deducted.

Equilibrium Point

The condition in a market where the supply of goods matches demand, leading to a stable price and quantity for the good or service.

S And D Curves

In economics, the supply and demand curves which graphically represent the relationship between the quantity of goods that producers are willing to sell and consumers are willing to buy at different price levels.