According to the Theory of Job Search, Unemployment Can Be

Multiple Choice

According to the theory of job search, unemployment can be viewed as:

A) a human capital investment in information regarding the availability of jobs.
B) a result of a risk-sharing arrangement between the worker and the firm.
C) involuntary in the sense that the jobless workers are willing to work at the going wage.
D) being persistent over time.
E) voluntary in the sense that the jobless workers would be employed if the transactions wage were lowered.