- CFA Exams
- CFA Level I Exam
- Study Session 4. Economics (1)
- Reading 15. Understanding Business Cycles
- Subject 3. Unemployment
CFA Practice Question
If John quits his job to find a new job in a different city, he is considered ______.
A. frictionally unemployed
B. structurally unemployed
C. naturally unemployed
Explanation: This is an example of frictional unemployment, the portion of unemployment attributable to the normal workings of the economy. It differs from structural and cyclical unemployment.
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