________ unemployment refers to persons who purposefully quit their jobs and have not yet found a new job.
A) Frictional
B) Structural
C) Cyclical
D) Seasonal

Question

Quizplus · Accepted Answer

Frictional unemployment refers to the temporary unemployment of people who are transitioning between jobs or careers. This type of unemployment is considered voluntary, as individuals choose to leave their previous job and take time to search for a new one. Thus, option A) is the best choice as it describes individuals who quit their jobs and are actively searching for a new one.

________ Unemployment Refers to Persons Who Purposefully Quit Their Jobs