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:

Purpose

The reason for which something is done or created or for which something exists.

General Journal Entry

A general journal entry is a record of financial transactions that includes details such as date, accounts impacted, amounts, and a brief description of the transaction.

Petty Cash Fund

A petty cash fund is a small amount of cash on hand used for paying expenses too small to merit writing a check or using a credit card.

Reimburse

To pay back or compensate someone for expenses they have incurred, typically related to business costs or travel expenses.