PRC-3 · Chapter 18 · Question 26 of 33
A highly skilled accountant quits her job in Karachi to move to Lahore. It takes her exactly three weeks to find a new job. During those three weeks, she is classified as:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Frictionally unemployed
Explanation
Frictional unemployment is a temporary, short-term form of unemployment that occurs when workers are voluntarily transitioning between jobs.
More Inflation and Unemployment MCQs
- Q28The global economy crashes into a severe recession. Consumers stop buying cars, forcing automobile factories to lay off 20% of their…
- Q29To accurately measure the national inflation rate, government statisticians track the changing prices of a standard 'basket' of goods…
- Q30During an unexpected bout of very high inflation, which specific group in society is most severely financially harmed?
- Q31An economy inexplicably suffers from high inflation and high unemployment simultaneously, stagnating growth while prices soar. This highly…
- Q32If the general price level of an entire economy falls consecutively for a year, meaning money actually gains purchasing power, the economy…
