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
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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.
Transcribed Image Text: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.
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