1. Equilibrium wages and natural rate of unemployment. How are the un and W/P determined. What factors shift the WS and PS schedules, including the effects of changes in labor productivity (A). 2. What happens if we drop the assumption of ceteris paribus in WS and PS relations? For example, will an increase in z always lead to higher un? 3. What are the main arguments of the efficiency wage theory? 4. NAIRU. Determinants of changes in NAIRU? 5. Alternative explanations for the unemployment problem in the US during the Great Recession

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