Explain the difference between frictional and structural ...

[xroflmao]

Explain the difference between frictional and structural unemployment.
 
  What will be an ideal response?

Question 2

Shoe-leather costs arise from inflation because the velocity of circulation of money ________ as the inflation rate ________.
 
  A) decreases; rises
  B) increases; rises
  C) does not change; rises
  D) increases; falls
  E) does not change; falls

[nothere]

Answer to Question 1

Frictional unemployment is more short term and is associated with people changing jobs and entering the labor force. Structural unemployment is more long term and is associated with changes in the structure of the economy that require people to learn new skills.

Answer to Question 2

B

[xroflmao]

Correct answers!

[nothere]

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