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Unemployment

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Translate your ideas into economic analysis using the specific economic theory and economic terms

Why is frictional unemployment important to have in any economy?

Explain why hyperinflation has such a devastating impact on economies. Explain what it takes to stop hyperinflation.

Describe the three types of unemployment. What types of government programs would be most effective in combating each type of unemployment?

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Translate your ideas into economic analysis using the specific economic theory and economic terms
Why is frictional unemployment important to have in any economy?
It is important to have frictional unemployment in the economy because it matches the demand for workers with its supply and brings about equilibrium in the labor market. Frictional employment arises from two sources, the job searchers from universities, and those who are unemployed because they are changing jobs. Frictional unemployment is present because there is imperfect information in the labor market and the workers have to search for employment suitable for them.

Explain why hyperinflation has such a devastating impact on economies. Explain what it takes to stop hyperinflation.
Hyperinflation has a devastating ...

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