Which of the following explains why frictional unemployment exists in an economy?

Question

Quizplus · Accepted Answer

Frictional unemployment exists because it takes time for an unemployed worker to find a job that is a good fit for their skills and experience. This job search process creates a temporary period of unemployment, which is known as frictional unemployment. Choice A is incorrect because it is not true that most workers shirk at work. Choice B is incorrect because although unemployment benefits may reduce the incentive to search for a job, they do not explain why frictional unemployment exists. Choice D is incorrect because firms do advertise job vacancies in order to attract qualified workers.

Which of the Following Explains Why Frictional Unemployment Exists in an Economy