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Which of the following people is the best example of a frictionally unemployed individual?

A. Nicholas, who lost his job as a real estate salesperson when the housing market weakened during a recession.
B. Aaron, who quit his job at a local restaurant and is no longer looking for work since he wants to retire.
C. Charlie, who lost his job at a local factory because of a decrease in exports and can't find a job that matches his skills.
D. Samantha, who quit her job to find work closer to home and reduce her commute.



Answer :

GinnyAnswer

Final answer:

Frictional unemployment is temporary joblessness during job transitions. Nicholas is an example, while Aaron quitting to retire isn't frictional unemployment.


Explanation:

Frictional unemployment refers to the temporary unemployment that occurs as individuals search for a new job that better suits their skills or preferences. It is a natural part of a dynamic labor market where people transition between jobs.

  • Nicholas who lost his job as a real estate salesperson due to a weak housing market during a recession is a prime example of frictional unemployment as he seeks a new job in his field.
  • In contrast, Aaron who quit his job to retire and is not actively seeking work does not fall under frictional unemployment, as he is voluntarily out of the labor force.

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