Suppose that Matt quits a job with the XYZ Corporation in order to look for more rewarding employment.Matt would be best be considered as
A) still being employed.
B) included in the economy's "hidden employment."
C) frictionally unemployed.
D) cyclically unemployed.

Question

Quizplus · Accepted Answer

Matt voluntarily quit his job and is searching for new employment opportunities. This type of unemployment is typically considered frictional unemployment, which refers to a temporary unemployment caused by the time and effort required to match workers with available job openings. Therefore, the best option is C.

Suppose That Matt Quits a Job with the XYZ Corporation