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Teaching Economics

Explanations

What is frictional unemployment?

Graham Watson

4th November 2016

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More from the increasingly excellent Marginal Revolution University - this time covering what the term frictional unemployment means.

To those of you new to the subject, you might use this as a starting point for trying to think about why the full employment level of output, will still have some residual unemployment.

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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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