In the country of Leducistan, a mass migration of refugees found solace within its borders and all of them sought work. What will happen to the country's unemployment rate and labor force participation rates?© BrainMass Inc. brainmass.com March 4, 2021, 7:15 pm ad1c9bdddf
There can be four kinds of unemployment:
Frictional unemployment: This is simply the time it takes a company to match a qualified job applicant with the right position. It also includes people who are between jobs. It is simply the time it takes for a worker, having lost his job, to register at the job agencies, read the adverts in the papers or on the ...
This explains the four kinds of unemployment