Suppose that Matt quits a job with the XYZ Corporation in order to look for more rewarding employment. Matt would be best be considered as
A) included in the economyʹs ʺhidden employment.ʺ
B) frictionally unemployed.
C) cyclically unemployed.
D) still being employed.

Question

Quizplus · Accepted Answer

Matt is voluntarily leaving his job to seek better opportunities, which makes him frictionally unemployed. He is not considered hidden employment, cyclically unemployed, or still employed at his current job after quitting.

Suppose That Matt Quits a Job with the XYZ Corporation