Bill loses his job as a loan officer when the bank he works for is bought up by a larger financial institution. Bill has the skills necessary to find a new job, so as Bill searches for work he is best considered an example of

Question

Quizplus · Accepted Answer

Frictional unemployment refers to the temporary unemployment that occurs when people are transitioning between jobs or careers. Since Bill has the necessary skills to find a new job and is actively searching for employment, he fits the definition of frictional unemployment.

Bill Loses His Job as a Loan Officer When the Bank