Which event increases frictional unemployment? A. More people decide to take early retirement B.More people graduate high school and fewer enroll in college C. More new busineseses are created. D. More businesses expa

Which event increases frictional unemployment? A. More people decide to take early retirement B.More people graduate high school and fewer enroll in college C. More new busineseses are created. D. More businesses expa

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 6P

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Question

Which event increases frictional unemployment?

A. More people decide to take early retirement

B.More people graduate high school and fewer enroll in college

C. More new busineseses are created.

D. More businesses expand

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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