Frictional Unemployment Is the Result of

question 143

Multiple Choice

Frictional unemployment is the result of

• A)technological change or foreign competition.
• B)normal labor market turnover.
• C)a slowdown in the rate of economic expansion.
• D)the economy entering a strong expansion.
• E)changes in the weather.

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Definitions:

Level of Significance

A threshold in hypothesis testing that determines whether a result is statistically significant.

Random Samples

A portion of a statistical group where every individual within this segment stands an equal chance of selection.

Contingency Table

A type of table in a matrix format that displays the (multivariate) frequency distribution of the variables.

Independence

In probability and statistics, a condition where two events or variables have no influence on each other's occurrence or value.