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Main types of unemployment

Assignment Help Macroeconomics
Reference no: EM132601176

a)Give two different examples of types of people who are not currently working but would not be considered 'unemployed' as economists define the term, and explain why they are not 'unemployed'.

b) Provide a definition for each of the three main types of unemployment: frictional, structural and cyclical.

c) Provide a definition for the 'natural rate of unemployment'.

d) Is it likely to achieve an unemployment rate of 0%? And would this be desirable?

e) Can the natural rate of unemployment be changed? Explain.

Reference no: EM132601176

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