Frictional unemployment is the result of
A) irresponsible workers with poor work habits.
B) normal labor market turnover.
C) technological change or foreign competition.
D) a slowdown in the rate of economic expansion.

Question

Quizplus · Accepted Answer

Frictional unemployment is the result of normal labor market turnover from workers who are temporarily between jobs or who are seeking better employment opportunities. It is not caused by irresponsible workers or a slowdown in the rate of economic expansion. While technological change or foreign competition may lead to structural unemployment, they do not necessarily cause frictional unemployment.

Frictional Unemployment Is the Result of