The type of unemployment resulting from the fact that labor market information is less than perfect is called
A) frictional unemployment.
B) natural unemployment.
C) cyclical unemployment.
D) structural unemployment.

Question

Quizplus · Accepted Answer

Frictional unemployment results from the time it takes for workers to search for and find suitable jobs. This may be due to imperfect information about job openings and employer needs, as well as the time needed for workers to assess different job opportunities and make decisions about their career paths.

The Type of Unemployment Resulting from the Fact That Labor