Jeff lost his job at an automobile assembly plant because of declining new car sales caused by a weak economy. Casey quit her job at the auto assembly plant to devote all her time to finding a higher paying job. Jeff is:

Question

Quizplus · Accepted Answer

Jeff is cyclically unemployed because his job loss is directly related to a downturn in the economy affecting new car sales. Casey is frictionally unemployed because she voluntarily left her job to look for a better-paying position, which is a common characteristic of frictional unemployment.

Jeff Lost His Job at an Automobile Assembly Plant Because