QUESTION

Friction unemployment ensures that the economy will not attain zero unemployment rate. Give your position in explaining the foregoing statement

1.You should first define the key concept in the question

2. Identify the characteristics of the concepts and explain them (right to quit the job, right for an employee to go for greener pastures, right of a employer to fire)

3. Explain external factors the influence friction unemployment (pull factors such as higher pay, good condition of employment, wages, corporate image. Push factor such as horrible boss, poor condition of service, low wages. In addition government policies and business cycle