Unemployment that exists because it takes time for workers to search for the job that suits them best is
A)frictional unemployment, which partly accounts for the natural rate of unemployment.
B)frictional unemployment, which does not help account for the natural rate of unemployment.
C)structural unemployment, which partly accounts for the natural rate of unemployment.
D)structural unemployment, which does not help account for the natural rate of unemployment.

Question

Quizplus · Accepted Answer

Frictional unemployment refers to the temporary unemployment that results from the time it takes for workers to search for a job that best matches their skills and preferences. This type of unemployment is considered part of the natural rate of unemployment, which is the level of unemployment that exists when the labor market is in equilibrium. Therefore, option A is the correct answer.

Unemployment That Exists Because It Takes Time for Workers to Search