John is a stockbroker.He has had several job offers,but he has turned them down because he thinks he can find a firm that better matches his tastes and skills.Curtis has looked for work as an accountant for some time.While the demand for accounts doesn't appear to be falling,there seems to be more people applying than jobs available.
A)John and Curtis are both frictionally unemployed.
B)John and Curtis are both structurally unemployed.
C)John is frictionally unemployed, and Curtis is structurally unemployed.
D)John is structurally unemployed, and Curtis is frictionally unemployed.

Question

Quizplus · Accepted Answer

John is voluntarily choosing to be unemployed while he searches for a job that better suits his preferences and skills. This type of unemployment is known as frictional unemployment. On the other hand, Curtis is unable to find a job in his field despite there being demand for accountants. This type of unemployment is known as structural unemployment, as it is caused by a mismatch between the skills of the job seekers and the available jobs. Thus, John is frictionally unemployed and Curtis is structurally unemployed.

John Is a Stockbroker