The type of unemployment for which the net economic costs are most likely to be small is
A)cyclical unemployment.
B)chronic unemployment.
C)frictional unemployment.
D)structural unemployment.

Question

Quizplus · Accepted Answer

Frictional unemployment is the type of unemployment that occurs due to workers transitioning between jobs or entering the workforce for the first time. Since it is a temporary form of unemployment, the net economic costs are likely to be small. In fact, some level of frictional unemployment is considered to be healthy for the economy as it allows for a better matching of workers with jobs and promotes economic mobility.

The Type of Unemployment for Which the Net Economic Costs