How would you expect each of the following factors to affect the natural rate of unemployment? a.

Question:

How would you expect each of the following factors to affect the natural rate of unemployment?
a. There is an increase in the rate of technological change.
b. The minimum wage falls.
c. Unemployment benefits (that is, the percentage of wages replaced by unemployment) are increased.
d. Improvements in information technology speed the matching of jobs and workers.
e. There is a recession.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Macroeconomics

ISBN: 9780132109994

1st Edition

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

Question Posted: