Danielle Altman, the chief economist at Instawork, wrote an opinion column in the Wall Street Journal in
Question:
Danielle Altman, the chief economist at Instawork, wrote an opinion column in the Wall Street Journal in which he described frictional unemployment as “joblessness during the job-search process . . . one of the most stubborn barriers to economic growth.”
a. Do you agree with Altman’s definition of frictional unemployment? Briefly explain.
b. Why might a decline in frictional unemployment increase U.S. economic growth?
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a Altmans definition of frictional unemployment as joblessness during the jobsearch process is consistent with the traditional understanding of fricti...View the full answer
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