Suppose that Matt quits a job with the XYZ Corporation in order to look for more rewarding employment. Matt is best be considered as
A) still being employed.
B) included in the economy's "hidden employment."
C) frictionally unemployed.
D) cyclically unemployed.

Question

Quizplus · Accepted Answer

Matt is considered frictionally unemployed because he voluntarily left his job to seek a better one, which is a common characteristic of frictional unemployment. This type of unemployment occurs when individuals are temporarily between jobs or are looking for their first jobs.

Suppose That Matt Quits a Job with the XYZ Corporation