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State an example of one thing that will cause the unemployment to rise, but not the natural rate of unemployment. Explain why your example will not affect the natural rate.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: The Short-run Trade-off Between Inflation And Unemployment

Section: Chapter Questions

Problem 3QR

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Question

State an example of one thing that will cause the unemployment to rise, but not the natural rate of unemployment. Explain why your example will not affect the natural rate.

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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