Which of the following statements about frictional unemployment is true?
A)It can be eliminated only in a free society.
B)It is a long-term unemployment.
C)It does not exists in developed economies.
D)It is also called structural unemployment.
E)It arises when people elect to change jobs.

Question

Quizplus · Accepted Answer

Frictional unemployment is defined as the temporary unemployment that arises when workers are searching for new job opportunities or transitioning between jobs. Therefore, choice E is the only statement that correctly describes frictional unemployment.

Which of the Following Statements About Frictional Unemployment Is True