February 2010, the average duration of unemployment increased to 30.5 weeks, a record high. According to CNN

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February 2010, the average duration of unemployment increased to 30.5 weeks, a record high. According to CNN Money, “It’s no wonder unemployed workers are getting discouraged: It’s never taken longer to find a new job.”
a. What type of unemployment is the quote referring to?
b. What may happen if workers become discouraged?
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Macroeconomics

ISBN: 9780132109994

1st Edition

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

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