Althea,a brilliant new Ph.D.in economics,has turned down many job offers because she hopes eventually to teach at one of the top 10 universities in her field.The type of unemployment she is experiencing is

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Quizplus · Accepted Answer

Frictional unemployment occurs when individuals are in the process of transitioning between jobs, such as when Althea is searching for a position at a top university. She is not unemployed due to any structural or cyclical changes in the economy, but rather because she is waiting for the right opportunity to arise. Seasonal unemployment applies to jobs that are only available during certain times of the year, and underemployment refers to those who are employed in a position that does not fully utilize their skills and qualifications.

Althea,a Brilliant New Ph