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Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985

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BuyFindarrow_forward

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985
Textbook Problem

Why is frictional unemployment inevitable? How might the government reduce the amount of frictional unemployment?

To determine

Why frictional unemployment is inevitable.

Explanation

The frictional unemployment is inevitable because the economy is always changing. The frictional unemployment is a result of change in demand for labor in different sectors. Therefore, the workers are shifted from one industry to another...

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