Unemployment that arises as a result of the time it takes for unemployed people to locate a job utilizing their transferable skills is called __________ unemployment.
A) structural
B) cyclical
C) natural
D) frictional

Question

Quizplus · Accepted Answer

Frictional unemployment refers to the temporary unemployment that arises as workers move between jobs, careers, and locations. It is caused by the time and effort required to search for a job that is a good fit for the worker's skills and preferences. Frictional unemployment is considered a normal and healthy part of a dynamic job market, and it is not typically a cause for concern from a policy perspective.

Unemployment That Arises as a Result of the Time It