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Principles of Macroeconomics (Mind...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781305971509
BuyFind

Principles of Macroeconomics (Mind...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781305971509

Solutions

Chapter
Section
Chapter 15, Problem 3QR
Textbook Problem
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Why is frictional unemployment inevitable? How might the government reduce the amount of frictional unemployment?

Expert Solution
To determine
Why frictional unemployment is inevitable.

Explanation of Solution

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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Chapter 15 Solutions

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