Regarding the categories of unemployment, which statement best describes how the effect of sectoral changes compares to the effect of firms paying higher-than-equilibrium wages?

Question

Accepted Answer

Sectoral changes create frictional unemployment, while firms paying wages above equilibrium create structural unemployment.

Answer

Sectoral changes and firms paying wages above equilibrium both create frictional unemployment.

Answer

Sectoral changes and firms paying wages above equilibrium both create structural unemployment.

Answer

Sectoral changes create structural unemployment, while firms paying wages above equilibrium create frictional unemployment.

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Regarding the categories of unemployment, which statement best describes how the...

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