ce between real and nominal GDP? 2 ) and explain why do economists need to make this distinction? 3)Is the CPI a biased measure of the inflation rate?…
September 3, 2020
We are working on supply and demand in my economics class.
September 3, 2020

Questions are below.  150 words minimum.

There are various forms of unemployment. There are also ongoing debates on the effectiveness of measuring the rate of unemployment and its policy implications.

  1. What are the different types of unemployment and how are they related to the condition of the economy during a given period? Is it possible for the number of employed workers to increase while the unemployment rate rises? Explain
  2. Does an Increase in the Minimum Wage Rate result in a Higher Unemployment Rate? What is your opinion on the relationship between unemployment benefits and labor market participation of the unemployed people?
KM
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