Which of These Would Be Considered Frictional Unemployment? I

question 38

Multiple Choice

Which of these would be considered frictional unemployment? I. Alisha has taken a job at a different company in order to accept a promotion. She quit her current job but has one month off until she starts her new job.
II) John has lost his job as a book binder, as the demand for e-books has replaced demand for traditional books.
III) Melissa quit her full-time job to become a full-time student in order to pursue her Ph.D.

• A) I only
• B) II only
• C) I and II only
• D) III only

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Definitions:

Daily Indexes

These are metrics or values that are recalculated every day to reflect the current state or performance of a particular dataset or market.

Mean Absolute Deviation

The average of the absolute differences between each data point in a set and the overall mean, reflecting dispersion.

Absolute Differences

The absolute value of the difference between two numbers, disregarding the sign.

Forecast Values

Predicted outcomes or numbers based on statistical models and analysis.