Asked by
Bianca Djarce
on Oct 13, 2024Verified
Statement I: When there is full employment,there is no frictional unemployment.
Statement II: When there is full employment,there are no "discouraged" workers.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Frictional Unemployment
A type of unemployment that occurs when individuals are temporarily unemployed while moving between jobs, entering the workforce for the first time, or re-entering the workforce.
Discouraged Workers
Individuals not actively seeking employment due to believing no jobs are available for them or they would not qualify for the jobs that are available.
Full Employment
A situation in an economy where all available labor resources are being used in the most efficient way possible, typically associated with low unemployment rates.
- Understand different types of unemployment and their characteristics.
Verified Answer
SD
Learning Objectives
- Understand different types of unemployment and their characteristics.