ECONOMICS
GDP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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cyclical
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frictional
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structural
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not unemployed
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Detailed explanation-1: -Frictional unemployment examples include: People who leave their current job to find a better one. People who are entering the workforce for the first time. People who are reentering the workforce.
Detailed explanation-2: -The correct answer is Frictional unemployment. Unemployment which occurs when workers move from one job to another job is known as Frictional unemployment.
Detailed explanation-3: -For example, a worker who quits their job in anticipation of lining up another one or someone who has just entered the workforce after graduation would be considered frictionally unemployed.
Detailed explanation-4: -Temporary transitions-such as moving to another town or city-will also add to frictional unemployment, as there is often a gap in time between when workers quit their job and when they find a new ones.