Which type of unemployment is most likely to help an economy become more efficient?
A) cyclical unemployment
B) voluntary unemployment
C) seasonal unemployment
D) frictional unemployment
E) underemployment

Question

Quizplus · Accepted Answer

Frictional unemployment, which is caused by people searching for better job opportunities and not being immediately hired, can actually lead to a more efficient economy as it matches the skills of workers with the needs of employers. This process ultimately results in the allocation of people to jobs for which they are best suited, increasing productivity across industries.

Which Type of Unemployment Is Most Likely to Help an Economy