Frictional unemployment which arises from temporary unemployment of jobseekers who are either new to the workforce or who are in transition from one job to another, is also referred to as:
A) Full employment level of unemployment
B) Natural rate of unemployment
C) Unemployment exceeding 10%
D) A and B above
E) None of the above

Question

Quizplus · Accepted Answer

Frictional unemployment is also referred to as the natural rate of unemployment, which is the level of unemployment that exists even when the economy is at full employment.

Frictional Unemployment Which Arises from Temporary Unemployment of Jobseekers Who