Economics · Unemployment types
What does the term 'frictional unemployment' refer to in economics?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Long-term structural mismatch between skill demand and supply
- 2Temporary unemployment that occurs when a worker transitions from one job to another✓
- 3Unemployment resulting from a general economic recession
- 4Unemployment caused by seasonal fluctuations in production
Correct answer
Temporary unemployment that occurs when a worker transitions from one job to another
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