A politician makes the following argument: The economy would operate more efficiently if frictional unemployment were eliminated.

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A politician makes the following argument: "The economy would operate more efficiently if frictional unemployment were eliminated. Therefore, a goal of government policy should be to reduce the frictional rate of unemployment to the lowest possible level." Briefly explain whether you agree with this argument.
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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