Eliminating frictional unemployment would be good for the economy.

Question

Quizplus · Accepted Answer

Frictional unemployment is a natural and temporary phenomenon in any healthy economy where people are temporarily in between jobs or transitioning from one industry to another. It is not a concern as it helps to match the right person with the right job. Completely eliminating frictional unemployment would mean that people would not have the freedom to change jobs, explore new careers or make other choices in the labor market, which is not desirable for the economy.

Eliminating Frictional Unemployment Would Be Good for the Economy