Frictional unemployment refers to:
A) people who are out of work and have no job skills.
B) short periods of unemployment needed to match jobs and job seekers.
C) people who spend relatively long periods out of work.
D) unemployment related to the ups and downs of the business cycle.

Question

Quizplus · Accepted Answer

Frictional unemployment refers to the short periods of unemployment that occur as workers move between jobs or industries. This can happen when workers are searching for a new job, or when they have left their previous job to seek better employment opportunities. It is a natural part of the labor market and is not necessarily a negative thing, as it can help to create a more efficient allocation of labor resources in the economy.

Frictional Unemployment Refers To