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Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969 Exercise 2
Discuss how the following changes would affect the natural (or frictional) rate of unemployment:
a. Elimination of unions.
b. Increased participation of teenagers in the labor market.
c. Larger fluctuations in the level of aggregate demand.
d. Increase in unemployment benefits.
e. Elimination of minimum wages.
f. Larger fluctuations in the composition of aggregate demand.
a. Elimination of unions.
b. Increased participation of teenagers in the labor market.
c. Larger fluctuations in the level of aggregate demand.
d. Increase in unemployment benefits.
e. Elimination of minimum wages.
f. Larger fluctuations in the composition of aggregate demand.
Explanation
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Natural rate of unemployment is the unem...
Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
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