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.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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11 Frictional
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.
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