Enter aggregate supply - Why is there unemployment in equilibrium? - Mismatch
5 important questions on Enter aggregate supply - Why is there unemployment in equilibrium? - Mismatch
What are the three most important simplifying assumptions in the model of chapter 6?
Labour is homogenous (everybody is suited for all jobs)
Perfect information (everybody knows all job openings)
What does equilibrium unemployment refer to?
What is the difference between the effective and gross labour supply?
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What is structural unemployment?
What is frictional unemployment?
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