The Natural Rate of Unemployment
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Watch this video on the natural rate of unemployment. It argues that our goal is not to achieve zero percent unemployment – that is impossible. A certain low unemployment rate (the natural unemployment rate) is not only possible but desirable.
Source: Marginal Revolution University, https://www.youtube.com/watch?v=wiWursKR9Ao
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Last modified: Monday, 13 May 2024, 3:50 PM