Unemployment caused by the normal labor turnover is called ________ unemployment.
A) part-time
B) frictional
C) involuntary
D) cyclical

Question

Quizplus · Accepted Answer

Frictional unemployment occurs when people are temporarily unemployed while transitioning from one job to another or entering the workforce for the first time. It's a natural part of the labor market and is often considered a sign of a healthy economy where workers can move to better match their skills and preferences with job opportunities.

Unemployment Caused by the Normal Labor Turnover Is Called ________