"Churning" refers to:
A) the increase in productivity caused by an increase in output.
B) changes in the real wage over the business cycle.
C) changes in the markup over the business cycle.
D) the increase in output caused by an increase in productivity.
E) structural change associated with technological progress.

Question

Quizplus · Accepted Answer

"Churning" refers to the structural changes in the economy that are often associated with technological progress. This process can involve shifts in the types of jobs available, the skills required for employment, and the sectors of the economy that are growing or shrinking, all of which are driven by advancements in technology and changes in market demand.

"Churning" Refers To