I agree with the above statement
Ying's situation as a professional who just graduated from college makes him frictionally unemployed.
<h3>What is unemployment?</h3>
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.
<h3>What is frictional unemployment?</h3>
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: brainly.com/question/17272067
Navigating where you are when going to point a to point b
Explanation:
The aggregate demand curve is downward sloping. It implies price levels are falling and the quantity of output will increase as well as the domestic income. The theories that can explain why the aggregate demand curve is downward sloping: the Pigou's wealth effect, the Keynes's interest-rate effect, and the and Mundell-Fleming's exchange-rate effect.
