Frictional unemployment refers to: Unemployment resulting from technological change, competition and government policies. Unemployment occurs because of the mismatch between the characteristics of the labour force and the characteristics of the available jobs.

Frictional unemployment refers to: Unemployment resulting from technological change, competition and government policies. Unemployment occurs because of the mismatch between the characteristics of the labour force and the characteristics of the available jobs.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter6: Business Cycles And Unemployment

Section: Chapter Questions

Problem 10SQ

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Question

11 Frictional unemployment refers to:

Unemployment resulting from technological change, competition and government policies.

Unemployment occurs because of the mismatch between the characteristics of the labour force and the characteristics of the available jobs.

Unemployment occurs due to the ups and downs in the economy resulting from the business cycle.

Temporary unemployment occurs when the workers leave their present jobs and look for other jobs.

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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