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Which of the following is the best example of frictional unemployment?
Frictional unemployment is the unemployment that results from employees quitting their jobs, voluntarily moving from one job to another, or being fired for reasons that do not have to do with the overall macroeconomy.
As a result, the best answer here is the recent college graduate leaving her job to pursue a salaried position, because she is moving from one job to another.
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Of structural, frictional, and cyclical unemployments, what type of unemployment is seen as the most harmful to a society?
Some positive amount of frictional unemployment is seen as positive in society as it allows workers to be matched to the most appropriate job for their skills. Some structural unemployment is unavoidable due to technological change, but the development in the economy that causes it is likely to be a net positive.
Cyclical unemployment provides no benefit to society and the increase in unemployment and decrease in output will continue after a recession is over.
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Which of the following is NOT included when calculating the unemployment rate?
The unemployment rate does not measure the percentage of people who do not have a full time job; it instead measures the percentage of people in the workforce who are not employed. The workforce includes all current workers, people on unemployment assistance, and those actively looking for a job. Not counted in the measure of the workforce are people not looking for a job, including people who have chosen not to or are unable to seek full time work.
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Which of the following is the best example of frictional unemployment?
Frictional unemployment is the unemployment that results from employees quitting their jobs, voluntarily moving from one job to another, or being fired for reasons that do not have to do with the overall macroeconomy.
As a result, the best answer here is the recent college graduate leaving her job to pursue a salaried position, because she is moving from one job to another.
Compare your answer with the correct one above
Of structural, frictional, and cyclical unemployments, what type of unemployment is seen as the most harmful to a society?
Some positive amount of frictional unemployment is seen as positive in society as it allows workers to be matched to the most appropriate job for their skills. Some structural unemployment is unavoidable due to technological change, but the development in the economy that causes it is likely to be a net positive.
Cyclical unemployment provides no benefit to society and the increase in unemployment and decrease in output will continue after a recession is over.
Compare your answer with the correct one above
Which of the following is NOT included when calculating the unemployment rate?
The unemployment rate does not measure the percentage of people who do not have a full time job; it instead measures the percentage of people in the workforce who are not employed. The workforce includes all current workers, people on unemployment assistance, and those actively looking for a job. Not counted in the measure of the workforce are people not looking for a job, including people who have chosen not to or are unable to seek full time work.
Compare your answer with the correct one above