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Wolfgang loves his rich wife but hates his boring job. He quits his job and start looking for a different one. Some jobs are available in his area of expertise, but it will take time for him to find them. During the time he is searching, he is characterized as:

  • Frictionally unemployed
  • Structurally unemployed
  • Cyclically unemployed
  • Not in labor force.

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M91775663
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