What is frictional unemployment?

Graham Watson

4th November 2016

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.

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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