Which of the following is the best example of frictional unemployment?
A)A worker is laid off because his firm has to reduce production due to reduced demand.
B)A worker quits her current job to search for a better one.
C)An ironworker cannot find a job in Ottawa because all job vacancies are in Alberta.
D)Bank tellers are unable to find jobs due to technological advances in the banking system.
E)Inflationary pressures have led to higher wages for all jobs.

Question

Quizplus · Accepted Answer

Frictional unemployment refers to the temporary unemployment that arises from workers transitioning between jobs, such as when someone voluntarily leaves a job to find a better one. Option A relates to cyclical unemployment, Option C relates to structural unemployment, Option D relates to technological unemployment, and Option E relates to inflationary pressures.

Which of the Following Is the Best Example of Frictional