ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Chapter - 7 1. Formulate a general model of natural unemployment and explain - "Any policy aimed at lowering the natural rate of unemployment must either reduce the rate of job separation or increase the rate of job finding. Similarly, any policy that affects the rate of job separation or job finding also changes the natural rate of unemployment." 2. What are the reasons behind frictional unemployment? Explain with proper examples. 3. What are the reasons behind structural unemployment? Explain with proper examples.
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Transcribed Image Text:Chapter - 7 1. Formulate a general model of natural unemployment and explain - "Any policy aimed at lowering the natural rate of unemployment must either reduce the rate of job separation or increase the rate of job finding. Similarly, any policy that affects the rate of job separation or job finding also changes the natural rate of unemployment." 2. What are the reasons behind frictional unemployment? Explain with proper examples. 3. What are the reasons behind structural unemployment? Explain with proper examples.
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