Economics · Unemployment
Frictional unemployment is defined as unemployment caused by:
- 1Structural changes caused by technological advances.
- 2Seasonal fluctuations in agricultural output.
- 3Short-term transitional movement of workers switching between jobs or entering the workforce.✓
- 4A general long-term lack of demand for labor in the economy.
Correct answer
Short-term transitional movement of workers switching between jobs or entering the workforce.
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