Q2. Provide for a contemporary situation to illustrate the below situation

Jamilah is a particularly productive waitress and she is often employed given her excellence. Yet for the past 3 months she has found herself unemployed despite still being a very efficient waitress. What does Jamilah’s situation tell you about Australia’s output gap at present, and what does this indicate with respect to the relationship between the actual (or current) unemployment rate and the full? employment rate (i.e. natural rate of unemployment)?

Answer rating: 100% (QA)

Contemporary Situation Illustrating Jamilahs Scenario Jamilah represents A highly skilled tech worker eg software developer data analyst with a proven ... View the full answer