Question

Kara voluntarily quit her job as an insurance agent to return to school full time to earn an MBA degree. With degree in hand, she is now searching for a position in management. Kara presently is:

Answer 1

Answer:

Frictionally unemployed.

Explanation:

As the exercise suggests, Kara is frictionally unemployed. A frictionally unemployed individual is that which is looking for work in a healthy, helping economy. It does not matter if the person, in this case Kara, has been fired or had quitted her job; what matters is that the economy enables her to take part in this normal labor turnover. She got her degree and she is looking for a position in management but nothing indicates she is in a context of crisis or lack of employement, therefore, she is only frictionally unemployed.