Respuesta :
Sectoral shifts d) make frictional employment inevitable.
What are sectoral shifts?
Employment sectoral shift from manufacturing to services are seen as structural changes that take place over a lengthy period of time. The fundamental explanation of this anomaly, according to economists, is a manufacturing sector that has experienced more rapid technical advancement than the service sector. A significant period of time is involved in this pattern of sectoral changes in employment. Consequently, economists have viewed this issue from the standpoint of structural transition. The fact that sectoral employment increases throughout the course of the business cycle is interesting to observe. Sectoral comovements in employment are confirmed by the cyclical changes in sectoral employment. This demonstrates how considerably quicker technical advancements in the manufacturing sector—henceforth referred to as "manufacturing-specific technology shocks"—cause both sectoral transformations and concurrent job transfers.
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sectoral shifts: a) lead to wage rigidity b) explain the payment of efficiency wages c) depend on the level of minimum wages d) make frictional employment inevitable
