Due to a weak economy there is not a huge demand for beach h

Due to a weak economy, there is not a huge demand for beach house rentals, so Kim was laid off from the ice cream shop she works at on the beach. This is an example of

A) Structural unemployment

B) Natural rate of unemployment

C) Cyclical unemployment

D) Frictional unemployment

Solution

ANSWER : D) Frictional unemployment . Due to a weak economy, there is not a huge demand for beach house rentals, so Kim was laid off from the ice cream shop she works at on the beach...... is an example of frictional unemployment rate . Frictional unemployment which exists in any economy due to people being in the process of moving from one job to another. Frictional unemployment can be illustrated by someone who leaves their current job to look for another. Until they successfully find and begin another job, they are temporarily unemployed.