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Question

Frictional unemployment is consistent with full employment.

A
True
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B
False
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Solution

The correct option is A True
Frictional unemployment is an unemployment situation where people are not unemployed owing to not getting any job but they are unemployed because they are searching for a new job or they are getting transferred from one employment to the other. Frictional unemployment remains consistent with full employment if it is at a rate of 3-4% of the full employment.

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