Frictional unemployment is a result of workers voluntarily substituting leisure for labor when wages fall.

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‘‘Frictional unemployment is a result of workers voluntarily substituting leisure for labor when wages fall.’’

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Economics

ISBN: 9781032046723

9th Edition

Authors: William Boyes, Michael Melvin

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Question Posted: Apr 23, 2024 08:42 AM

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Frictional unemployment is a result of workers voluntarily substituting leisure for labor when wages fall.

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In the context of classical economics the statement Frictional unemployment is a result of workers v...View the full answer

Economics

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