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Author Question: Give an example of a frictionally unemployed person. What will be an ideal ... (Read 77 times)

geoffrey

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on: Jun 29, 2018
Give an example of a frictionally unemployed person.
 
  What will be an ideal response?

Question 2

Household production is not measured in the GDP.
 
  Indicate whether the statement is true or false


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nicoleclaire22

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A person who is without a job because of a normal labor market turnover is frictionally unemployed. For instance, a student who just graduated from school and is looking for a job is frictionally unemployed as is a worker who quit to look for a better job.

Answer to Question 2

TRUE


geoffrey

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Zebsrer

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Reply 3 on: Yesterday
Wow, this really help

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