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Hall 4 > Unemployment > Flashcards

Unemployment Flashcards

1
Q

4 types of unemployment

A

Cyclical
Seasonal
Frictional
Structural

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2
Q

5 Structural/frictional factors the NRU depends on?

A 
Availability of job information
Skills and education
Degree of Labour mobility
Flexibility of labour market
Hysteresis
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3
Q

1 period when the SR Phillips curve was correct

A

1993-2009

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4
Q

[Understand LR Phillips curve]

A

(LR Phillips curve)

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Hall 4 (14 decks)

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