Governments and economists encourage such change

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1. Why do some economists consider the credibility of the Fed's intention to fight inflation to be so important? Please explain

2. If efficiency wage theory is correct, will the economy ever reach long-run equilibrium? Explain.

3. How does shortening the job search lead to a reduction in the natural unemployment rate? Explain

4. If technological change increases structural unemployment, why do most governments and economists encourage such change? Explain

Reference no: EM131768877

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