Asked by Madison Katelyn on Jun 14, 2024
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After graduating from Harvard Law School,Anne started looking for a job.She could not find a job after looking for one week.Which of the following is true in this case?
A) This is an example of frictional unemployment.
B) This is an example of cyclical unemployment.
C) This is an example of seasonal unemployment.
D) She is underemployed.
E) She is a discouraged worker.
Frictional Unemployment
Unemployment that occurs because job seekers and employers need time to find each other.
Graduating Harvard Law School
Graduating Harvard Law School signifies successfully completing a rigorous academic program at one of the world's prominent legal institutions, often leading to prestigious career opportunities.
Job Search
The act of looking for employment, due to unemployment, discontent with a current position, or a desire for a better position.
- Expand on the multiple kinds of unemployment, namely frictional, structural, cyclical, and seasonal.
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Learning Objectives
- Expand on the multiple kinds of unemployment, namely frictional, structural, cyclical, and seasonal.
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