1.In Feb 2018, suppose the UNR of Canada rose to 7.7 %, with Stats Canada reporting ~2500 full-time jobs were lost. How could the UNR be increasing in that case?

2.Macroeconomic conditions affect people's decisions. Why, for example, might a student graduating from college enter the job market during an expansion but apply for grad school during a recession?

3.A politician makes the following argument: The economy would operate more efficiently if structural unemployment is completely eliminated. Therefore, a goal of government policy would be reduce the structural UNR to the lowest level. Briefly explain whether or not you agree with the argument.

4.What advice would you give to someone who is frictionally unemployed?