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Labour Market and Unemployment

S/E/213. What is the natural rate of unemployment?

WORDS:
1500
DATE:
2009
PRICE:
19.99 GBP

The paper looks at the ‘natural' level of unemployment around which the unemployment rate fluctuates, examining the relation between cyclical unemployment and business cycles, outlining the causes of short term and long term unemployment, explaining the nature of frictional unemployment, discussing the link between real wages and the market equilibrium wage, and highlighting the role of the government in reducing short and long term unemployment.

 

KEYWORDS: Unemployment rate, wages,