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chap 6: unemployment -Macroeconomic

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chap 6: unemployment -Macroeconomic

Bài gửi by Admin on Mon Mar 14, 2011 5:38 pm

Questions for Macroeconomic Lecture on Thursday, March 17th

Chapter 6: Unemployment

1. What determines the natural rate of unemployment?
2. Describe the differences between frictional unemployment and structural unemployment?
3. Give three explainations why the real wage remain above the level that equilibrates labour supply and labour demand?
4. Is most unemployment long term or short term? Explain?
5. How do economists explain the high natural rate of unemployment in the 1970s and 1980s? How do they explain the fall in the natural rate in the 1990s and early 2000s?

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