Which of the Following Is Not Correct

question 360

Multiple Choice

Which of the following is not correct?

• A) Frictional unemployment is inevitable in a dynamic economy.
• B) Although the unemployment created by sectoral shifts is unfortunate, in the long run such changes lead to higher productivity and higher living standards.
• C) At least 10 percent of U.S. manufacturing jobs are destroyed every year.
• D) More than 13 percent of U.S. workers leave their jobs in a typical month.

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Definitions:

Held-To-Maturity

Held-to-maturity refers to investment securities that a company has the intent and ability to hold until a specified maturity date.

GAAP

A collection of norms and guidelines utilized in the United States for the purposes of financial reporting and accounting, known as the Generally Accepted Accounting Principles.

Available-For-Sale

A classification of financial assets indicating that they are not held for trading purposes nor intended to be held to maturity, but are available for sale if needed.

Disclosures

A requirement for companies to present all relevant financial and operational information in their financial reports to ensure transparency and fairness.