Anoush used to work for an investment firm. Although she liked her job, she had to resign because it took her a lot of time to commute to work. After resigning, she searched for a job, and within a month, she found a better job that was closer to her home. This scenario exemplifies _____.
A)seasonal unemployment
B)structural unemployment
C)frictional unemployment
D)cyclical unemployment

Question

Quizplus · Accepted Answer

Anoush's situation exemplifies frictional unemployment, which occurs when individuals are between jobs or transitioning to a new job. In this case, Anoush voluntarily left her previous job and then quickly found a new job that better suited her needs. It is not seasonal unemployment, which is caused by changes in demand for labor due to changes in seasons or weather conditions, or cyclical unemployment, which is caused by changes in the overall economy and business cycle. It is also not structural unemployment, which is caused by a mismatch between the skills and qualifications of workers and the job requirements in the market.

Anoush Used to Work for an Investment Firm