Slide 1 Unemployment and Its Natural Rate Slide 2 IDENTIFYING UNEMPLOYMENT Long-run versus Short-run Unemployment: –Long-run: The natural rate of unemployment –Short-run:…

Slide 1 © 2007 Thomson South-Western Slide 2 IDENTIFYING UNEMPLOYMENT How Is Unemployment Measured? –Categories of Unemployment The problem of unemployment is usually…

Slide 1 CHAPTER 1: UNEMPLOYMENT AND ITS NATURAL RATE Prepared by Nyaz Najmadin Commerce College 2 nd stage Slide 2 Introduction  We begin the chapter by looking at some…

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Slide 1 Some materials within are Copyright © 2001 by Harcourt, Inc. Macroeconomic Objectives: Unemployment Chapter 10, 265-273 What is the “natural” rate of unemployment?…

Chapter 28 Unemployment and Its Natural Rate 28.1 IDENTIFYING UNEMPLOYMENT Categories of Unemployment The problem of unemployment is usually divided into two categories.…

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28 5 Business Cycles Unit 5 : Unemployment Copyright © 2004 South-Western Copyright © 2004 South-Western IDENTIFYING UNEMPLOYMENT Cyclical Unemployment Cyclical unemployment…