Emily recently quit her job at a major corporation because she saw little chance for advancement.Although she is still searching for a new position,Emily believes the economy is healthy and she hears that several firms are hiring people with her qualifications.Which of the following statements about Emily's current situation is most accurate? Emily is:

Question

Quizplus · Accepted Answer

Emily is an example of frictional unemployment because she voluntarily quit her job and is currently searching for a new position. She believes there are opportunities available and is actively seeking employment, so she is not considered unemployed due to a lack of jobs. Emily's situation does not suggest cyclical unemployment, which is associated with business cycles and downturns in the economy. It's unclear if Emily needs training in a different field to find employment, so option D cannot be confirmed.

Emily Recently Quit Her Job at a Major Corporation Because