Principles of Macroeconomics 7th Edition

Published by South-Western College
ISBN 10: 1-28516-591-8
ISBN 13: 978-1-28516-591-2

Chapter 15 - Unemployment - Questions For Review - Page 317: 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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