Economics · Types of Unemployment
What does the term 'frictional unemployment' refer to in economics?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Permanent unemployment due to lack of skills
- 2Temporary unemployment as a worker transitions between jobs✓
- 3Unemployment resulting from an economic recession
- 4Unemployment caused by seasonal fluctuations
Correct answer
Temporary unemployment as a worker transitions between jobs
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