Asked by
stefanie barbulescu
on Nov 16, 2024
Verified
Long-run unemployment arises from a single problem that has a single solution.
Long-run Unemployment
A situation where the unemployment rate persists at a high level for a long period of time, often due to structural changes in the economy.
- Understand the common fallacies pertaining to the natural unemployment rate.
Verified Answer
KD
Learning Objectives
- Understand the common fallacies pertaining to the natural unemployment rate.
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