Which type of unemployment is most likely to help an economy become more efficient?
A)Cyclical unemployment
B)Voluntary unemployment
C)Seasonal unemployment
D)Frictional unemployment
E)Underemployment

Question

Quizplus · Accepted Answer

Frictional unemployment occurs when individuals are temporarily in between jobs while searching for new ones. This type of unemployment can actually benefit the economy by freeing up workers to find jobs that are a better fit for their skills, leading to more efficient allocation of labor resources.

Which Type of Unemployment Is Most Likely to Help an Economy