Krugman AP Macroeconomics Chapter 13
Subject:
Economics [1]
Tags:
unemployment [2]
Labor economics [3]
economics [4]
macroeconomics [5]
Socioeconomics [7]
Labour law [8]
Minimum wage [11]
Labour economics [12]
Labor [14]
behavior [15]
Human development [16]
Computing [17]
Electronic documents [19]
Psychoanalysis [21]
Human behavior [22]
Attachment theory [24]
Technology [25]
Chapter 13: The Causes and Categories of Unemployment ? -The three different types of unemployment and their causes -The factors that determine the natural rate of unemployment ? 1. Frictional Unemployment: unemployment due to the time workers spend in job search Somewhat inevitable- frictional unemployment doesn?t mean that there is a surplus of labor Constant process of job creation and job destruction New workers are always entering the labor market Limited amount is relatively harmless and may be a good thing Short duration of unemployment Job search: Workers who spend time looking for employment/ if all workers and all jobs were alike job search wouldn?t be necessary 2. Structural Unemployment: