Asked by Raisa Anjum on Apr 29, 2024
Verified
The best example of a frictionally unemployed worker is one who:
A) has been looking for work for 27 weeks or longer.
B) is laid off during a recessionary period in the economy.
C) is in the process of voluntarily switching jobs.
D) is discouraged and not actively seeking work.
E) cannot find a job that matches with his skills.
Frictionally Unemployed
Individuals temporarily out of work while transitioning between jobs, often reflecting the natural movement in the labor market.
Recessionary Period
A time characterized by a significant decline in economic activity across the economy, lasting more than a few months.
Voluntarily Switching Jobs
The act of an employee choosing to leave one job for another, often for better pay, benefits, or working conditions.
- Detail the differing forms of unemployment, including frictional, structural, cyclical, and seasonal.
Verified Answer
Learning Objectives
- Detail the differing forms of unemployment, including frictional, structural, cyclical, and seasonal.
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