Intermediate Macroeconomics Assignment
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Last Updated:
08-Oct-24
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1) Make a real world example of an inactive person, a person who is in frictional unemployment, one that is in cyclical unemployment and one that is in structural unemployment.
2) Explain why there is some evidence of a positive relationship between long term unemployment and workers protection.
3) What are the two main differences between the classical and the Keynesian model of the labor market? What are their implications in terms of the impact of price shocks and the slope of the AS curve?
