What are the two main causes of natural unemployment? Assume an economy has undergone a shift from a manufacturing sector to a service sector. How will this affect its natural unemployment rate? Explain. e Briefly explain a government policy to help alleviate the problems caused by this changel

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
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What are the two main causes of natural unemployment? Assume an economy has
undergone a shift from a manufacturing sector to a service sector. How will this
affect its natural unemployment rate? Explain. +
Briefly explain a government policy to help alleviate the problems caused by this
change.
Transcribed Image Text:What are the two main causes of natural unemployment? Assume an economy has undergone a shift from a manufacturing sector to a service sector. How will this affect its natural unemployment rate? Explain. + Briefly explain a government policy to help alleviate the problems caused by this change.
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