1. Suppose that the government provides more job training programs and job search services so as to...

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1. Suppose that the government provides more job training programs and job search services so as to help workers improve productivity and find jobs.

a. What will be the effect on the natural unemploy ment rate? How does this affect the expectations augmented Phillips curve and the long-run Phillips curve?

b. Do you think that continuous expansionary mon etary policy can have the same effects as in your answer to (a)? Explain your answer.

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Macroeconomics

ISBN: 9781292446127

11th Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore

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Question Posted: Nov 11, 2024 08:01 AM

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1. Suppose that the government provides more job training programs and job search services so as to...

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Macroeconomics

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