Explain what will happen in a nation that tries to solve a structural unemployment problem using expansionary
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Explain what will happen in a nation that tries to solve a structural unemployment problem using expansionary monetary and fiscal policy. Draw one AD/AS diagram, based on the Keynesian model, for what the nation hopes will happen. Then draw a second AD/AS diagram, based on the neoclassical model, for what is more likely to happen.
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When there is a discrepancy between an employees skill set and what employers require it can lead to structural unemployment This kind of unemployment is a function of the economys structure rather th...View the full answer
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