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JAMB Economics 1987 Question 48

Question 48

Labour Market

Frictional unemployment

  1. A.is total unemployment minus structural unemployment
  2. B.occurs when the unemployed are persons with specific training
  3. C.occurs when the number of job seekers exceeds the number of vacancies
  4. D.occurs when people are changing jobs.
Show the answer and explanation

Answer: D (occurs when people are changing jobs.)

Explanation

Frictional unemployment is the short spell out of work while people move between jobs.