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Question: Discuss how the following changes would affect the natural (or frictional) rate of unemployment:

a) Elimination of unions.

b) increased participation of teenagers in the labor market.

c) larger fluctuations in the level of aggregate demand.

d) increase in unemployment benefits.

e) elimination of minimum wages.

f) lager fluctuations in the composition of aggregate demand.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M93110322
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