Read Eye on Full Employment then work the following exercises. Compare the duration of unemployment in
Question:
Read Eye on Full Employment then work the following exercises.
• Compare the duration of unemployment in 2019 with that in 2000 and explain whether the difference was most likely the result of frictions, structural change, or the business cycle.
• How does the unemployment of marginally attached workers influence the duration of unemployment in 2019 compared with that in 2000?
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