Which of the following is not correct?()
A. Most people who become unemployed will soon find jobs.
B. In an ideal labor market, wages would adjust to ensure that all workers are always fully employed.
C. The unemployment rate occasionally falls to zero.
D. There are always some workers without jobs, even when the overall economy is doing well.
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Unemployment that results because the number of jobs available in some labor markets may be insufficient to give a job to everyone who wants one is called()
A. the natural rate of unemployment.
B. cyclical unemployment.
C. structural unemployment.
D. frictional unemployment.
Sectoral shifts in demand for output()
A. create structural unemployment.
B. immediately reduce unemployment.
C. increase unemployment due to job search.
D. do not affect demand for labor.
Providing training for unemployed individuals is primarily intended to reduce()
A. frictional unemployment.
B. seasonal unemployment.
C. structural unemployment.
D. cyclical unemployment.
Unemployment insurance()
A. reduces search effort and raises unemployment.
B. reduces search effort and lowers unemployment.
C. increases search effort and raises unemployment.
D. increases search effort and decreases unemployment.