Jason and his graduating college class of 2009 spent, on average, 4.5 months in finding appropriate jobs that match their individual skills and interests. During this average time of searching, what is this type of unemployment referred to?
A)Dynamic
B)Frictional
C)Static
D)Natural

Question

Quizplus · Accepted Answer

This is referred to as frictional unemployment.
Key Takeaway: Frictional unemployment refers to the period of unemployment that it takes for a worker to be matched to a job. The length of frictional unemployment depends on a number of factors including the economic environment, labor supply, and the worker's skills and training.

Jason and His Graduating College Class of 2009 Spent, on Average