Ying's situation as a professional who just graduated from college makes him frictionally unemployed.
What is unemployment?
This refers to the state of not having a job, which can be the result of multiple factors. These differences in the cause of unemployment lead to different unemployment types.
What is frictional unemployment?
This is a natural type of unemployment that occurs because specific process take time. This includes:
- Unemployment when someone voluntarily leaves a job and changes to a new one.
- Unemployment of professionals who just graduated and are in the process of getting a job.
Learn more about unemployment in: https://brainly.com/question/17272067
