Because of a bank merger, Ms. Davis lost her position as Vice President and had to seek work with other banks. Ms. Davis has the skills necessary to find a new job, thus she is best considered as
A) naturally unemployed.
B) frictionally unemployed.
C) structurally unemployed.
D) cyclically unemployed.

Question

Quizplus · Accepted Answer

Ms. Davis lost her job due to a specific event, which is the bank merger, and has the skills to find a new job. This type of unemployment is known as frictional unemployment, which is the result of workers voluntarily transitioning between jobs or entering the labor market for the first time.

Because of a Bank Merger, Ms