Illustrate what type of unemployment will then occur

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As businesses downsize in a recession, illustrate what type of unemployment will then occur? What is the natural rate of unemployment? What is the structural unemployment? If you are structurally unemployed, do you expect your jobs will come back? If you lose jobs to robotics at the automobile plant, are you then structurally unemployed or frictionally unemployed? What part do unions, the minimum wage, and unemployment benefits play in the unemployment rate? What effects might inflation have on the economy? When is it a problem? What can you tell us about hyperinflation?

Reference no: EM1344906

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