Asked by
Tahjanae Henderson
on Nov 16, 2024
Verified
Frictional unemployment is often the result of changes in the demand for labor among different firms.
Frictional Unemployment
Short-term unemployment that occurs when people are between jobs or entering the labor force for the first time.
Demand For Labor
The total amount of workers that employers are willing and able to hire at a given wage rate in a given time period.
- Acquire knowledge on the different types of unemployment: frictional, structural, and sectoral.
- Understand the factors causing different forms of unemployment in economies.
Verified Answer
CB
Learning Objectives
- Acquire knowledge on the different types of unemployment: frictional, structural, and sectoral.
- Understand the factors causing different forms of unemployment in economies.
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