Which of the following is not correct? a. Frictional unemployment is inevitable in a dynamic economy. b. Although the unemployment created by sectoral shifts is unfortunate, in the long run such changes lead to higher productivity and higher living standards. c. At least 10 percent of U.S. manufacturing jobs are destroyed every year. d. More than 13 percent of U.S. workers leave their jobs in a typical month.

Which of the following is not correct? a. Frictional unemployment is inevitable in a dynamic economy. b. Although the unemployment created by sectoral shifts is unfortunate, in the long run such changes lead to higher productivity and higher living standards. c. At least 10 percent of U.S. manufacturing jobs are destroyed every year. d. More than 13 percent of U.S. workers leave their jobs in a typical month.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Unemployment

Section: Chapter Questions

Problem 6PA

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