In a typical month of expansion, the U.S. economy _____
A) sheds about 1 million jobs but creates about 2 million new ones.
B) sheds about 2 million jobs but creates about 3 million new ones.
C) sheds about 3.8 million jobs but creates about 4 million new ones.
D) sheds about 4.5 million jobs but creates about 4 million new ones.
E) creates millions of new jobs without losing any.

Question

Quizplus · Accepted Answer

In a typical month of expansion, the U.S. economy indeed experiences both job losses and job gains, with the net effect usually being positive. The correct statement is that the economy sheds about 3.8 million jobs but creates about 4 million new ones, leading to a net increase in employment. This dynamic nature of the job market reflects the ongoing process of business closures and openings, as well as the shifting demands within the economy.

In a Typical Month of Expansion, the U