Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 28 - Part IX - Unemployment - Questions for Review - Page 605: 3

Answer

Frictional unemployment is going to always occur because the economy will never stop changing. Firms shrink and expand. Some firms grow fast, others slow.

Work Step by Step

The solution to this is simple. Just know that frictional unemployment always occurs. It is inevitable with a changing economy.
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