David is a stockbroker. He has had several job offers, but he has turned them down because he thinks he can find a firm that better matches his tastes and skills. Paul is a lawyer. He has looked for work for some time, but no law firms are hiring. Which of the following best describes the nature of their unemployment?

Question

Accepted Answer

David is frictionally unemployed, and Paul is structurally unemployed.

Answer

David and Paul are both frictionally unemployed.

Answer

David and Paul are both structurally unemployed.

Answer

David is structurally unemployed, and Paul is frictionally unemployed.

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David is a stockbroker. He has had several job offers, but he has turned them do...

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