Which of the following is not correct?
A)Most people who become unemployed will soon find jobs.
B)In an ideal labor market, wages would adjust to ensure that all workers are always fully employed.
C)The unemployment rate occasionally falls to zero.
D)There are always some workers without jobs, even when the overall economy is doing well.

Question

Quizplus · Accepted Answer

The unemployment rate never falls to zero because there is always some level of frictional, structural, or seasonal unemployment in the economy.

Which of the Following Is Not Correct