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

Question

Quizplus · Accepted Answer

"Churning" refers to structural changes in the economy that are often associated with technological progress. This process can lead to shifts in employment and industries as new technologies are adopted and old ones become obsolete.

"Churning" Refers to