2.1 Sectoral shifts abound more examples: Late 1800s:decline of agriculture,increase in manufacturing Late 1900s:relative decline of manufacturing, increase in service sector -1970s energy crisis caused a shift in demand away from huge gas guzzlers toward smaller cars. In our dynamic economy,smaller (though still significant)sectoral shifts occur frequently, contributing to frictional unemployment. Return CHAPTER 6 Unemployment slide 17 slide 17 § more examples: § Late 1800s: decline of agriculture, increase in manufacturing § Late 1900s: relative decline of manufacturing, increase in service sector § 1970s energy crisis caused a shift in demand away from huge gas guzzlers toward smaller cars. § In our dynamic economy, smaller (though still significant) sectoral shifts occur frequently, contributing to frictional unemployment. 2.1 Return