The correct answer is b. frictional unemployment. This type of unemployment occurs when individuals are temporarily unemployed while transitioning from one job to another or while searching for a job that better matches their skills and preferences.
Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is called
a. cyclical unemployment.
b. frictional unemployment.
c. the natural rate of unemployment.
d. structural unemployment.
1 answer