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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 14
Unemployment and Full Employment
Governor Plans to Boost Economy with Eco-friendly Jobs
Oregon's 5.6 percent unemployment rate hovers close to the national average of 5.5 percent. A few years ago, Oregon had one of the highest unemployment rates in the nation. To avoid rising unemployment, Oregon Governor Kulongoski introduced a plan that provides public schools and universities with enough state funds to meet growing demand for skilled workers. Also Kulongoski wants to use state and federal money for bridges, roads, and buildings to stimulate more construction jobs.
a. What is the main type of unemployment that Governor Kulongoski is using policies to avoidExplain.
b. How might these policies impact Oregon's natural unemployment rateExplain.
Governor Plans to Boost Economy with Eco-friendly Jobs
Oregon's 5.6 percent unemployment rate hovers close to the national average of 5.5 percent. A few years ago, Oregon had one of the highest unemployment rates in the nation. To avoid rising unemployment, Oregon Governor Kulongoski introduced a plan that provides public schools and universities with enough state funds to meet growing demand for skilled workers. Also Kulongoski wants to use state and federal money for bridges, roads, and buildings to stimulate more construction jobs.
a. What is the main type of unemployment that Governor Kulongoski is using policies to avoidExplain.
b. How might these policies impact Oregon's natural unemployment rateExplain.
Explanation
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b) If these policies succeed, they will ...
Macroeconomics 11th Edition by Michael Parkin
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