7. Frictional unemployment and the natural rate of unemployment also seem to depend on the age distribution of the population. Describe why this is so. Explain why an economy will never have zero unemployment even when there is full employment.

7. Frictional unemployment and the natural rate of unemployment also seem to depend on the age distribution of the population. Describe why this is so. Explain why an economy will never have zero unemployment even when there is full employment.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Unemployment

Section: Chapter Questions

Problem 3QR

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PLEASE EXPLAIN WITHOUT PLAGIARISM

7. Frictional unemployment and the natural rate of unemployment also seem to depend on the age
distribution of the population. Describe why this is so. Explain why an economy will never have zero
unemployment even when there is full employment.

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