🡸 Chapter 8      Navigate…      Chapter 10 🡺

Chapter 9 Notes – Unemployment and Its Natural Rate

This chapter discusses:

  • Natural Rate of Unemployment
  • Cyclical Unemployment
  • Labour Force
  • Unemployment Rate
  • Who is considered a part of the labour force?
  • Does the unemployment rate measure what we want it to?
  • Why are people employed?
  • Frictional vs. Structural Unemployment
  • Employment Insurance (EI)
  • Unions
  • Efficiency Wages


🡸 Chapter 8      Navigate…      Chapter 10 🡺

Find more Macroeconomics Notes here.



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