Economics:
Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
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Discussion of “‘I quit’ is all the rage. Blip or sea change?” An interview with Lawrence Katz, The Harvard Gazette, Oct 2021. 1. Explain, using the available tools of macroeconomics discussed so far in class, what is the potential outcome of “the great resignation” for: a) The natural rate of unemployment b) Total GDP c) GDP per worker d) Wages              2.Draw relevant diagrams when seem necessary. 3.Questions for discussion: a) What kind of policies the government can implement to mitigate the downsides of the current labour market trends? b) Are there any monetary policy tools that could help in the long run (assuming the changes described by Katz are here to stay)?

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  • Text book image
    Economics:
    Economics
    ISBN:9781285859460
    Author:BOYES, William
    Publisher:Cengage Learning
Text book image
Economics:
Economics
ISBN:9781285859460
Author:BOYES, William
Publisher:Cengage Learning