In the U.S. labor market, it is typically the case that:
A)If job creation is high, then job destruction is low.
B)If job creation is low, then job destruction is high.
C)There is relatively little job destruction during economic up-turns.
D)There is relatively little job creation during economic down-turns.
E)There is a large amount of job creation and job destruction happening at the same time, during both expansions and contractions.

Question

Quizplus · Accepted Answer

In the U.S. labor market, there is a large amount of job creation and job destruction happening at the same time, during both expansions and contractions. This is a result of factors such as technological changes, shifts in consumer demand, and globalization. While job creation may be higher during economic upturns and job destruction may be higher during economic downturns, both are still occurring at a significant rate even during opposite phases of the business cycle.

In the US Labor Market, It Is Typically the Case That