Which of the following is INCORRECT? In a typical month more than 5 percent of workers leave their jobs. Frictional unemployment is inevitable in a dynamic economy. Although the unemployment created by sectoral shifts is unfortunate, in the long run such changes lead to higher productivity and higher living standards. At least 10 percent of U.S. manufacturing jobs are destroyed every year.

Which of the following is INCORRECT? In a typical month more than 5 percent of workers leave their jobs. Frictional unemployment is inevitable in a dynamic economy. Although the unemployment created by sectoral shifts is unfortunate, in the long run such changes lead to higher productivity and higher living standards. At least 10 percent of U.S. manufacturing jobs are destroyed every year.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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