Frictional unemployment is:
A) short-term unemployment associated with people who are switching jobs.
B) long-term unemployment caused by changes in consumer demand or technology.
C) the unemployment that arises due to downturns in the business cycle.
D) equivalent to the natural rate of unemployment.

Question

Quizplus · Accepted Answer

Frictional unemployment refers to the short-term unemployment that occurs when people are in between jobs or are entering the workforce for the first time. It is a natural part of the job search process.

Frictional Unemployment Is