The US unemployment rate increase from 4.6% in July 2001 to 5.9% by June 2002 without studying the subject in any detail would you expect a change of this kind is more likely to be due to cyclical cycle unemployment or a change in the natural rate of unemployment? Why?
The US unemployment rate increase from 4.6% in July 2001 to 5.9% by June 2002 without studying the subject in any detail would you expect a change of this kind is more likely to be due to cyclical cycle unemployment or a change in the natural rate of unemployment? Why?
Chapter6: Business Cycles And Unemployment
Section: Chapter Questions
Problem 12SQ
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