Difference between revisions of "Frictional unemployment"
(Created page with ":Frictional unemployment is unemployment that occurs as workers move between jobs. ==Definition== According to Principles of Economics by Timothy Taylor (3rd edition)...") |
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| − | + | [[Frictional unemployment]] is unemployment that occurs as workers move between jobs. | |
==Definition== | ==Definition== | ||
According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
:[[Frictional unemployment]]. Unemployment that occurs as workers move between jobs. | :[[Frictional unemployment]]. Unemployment that occurs as workers move between jobs. | ||
| + | According to [[Macroeconomics by Mankiw (7th edition)]], | ||
| + | :[[Frictional unemployment]]. The unemployment that results because it takes time for workers to search for the jobs that best suit their skills and tastes. (Cf. structural unemployment.) Full-employment budget deficit]]. See cyclically adjusted budget deficit. | ||
[[Category: Economics]][[Category: Articles]] | [[Category: Economics]][[Category: Articles]] | ||
Latest revision as of 15:17, 2 July 2020
Frictional unemployment is unemployment that occurs as workers move between jobs.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Frictional unemployment. Unemployment that occurs as workers move between jobs.
According to Macroeconomics by Mankiw (7th edition),
- Frictional unemployment. The unemployment that results because it takes time for workers to search for the jobs that best suit their skills and tastes. (Cf. structural unemployment.) Full-employment budget deficit]]. See cyclically adjusted budget deficit.
