Question
Real jobless rate well above 20% as indicated by (Australian's) Adam Creighton (The Guardian, 30 May 2017) (see the article attached at the end of
- "Real jobless rate well above 20%" as indicated by (Australian's) Adam Creighton (The Guardian, 30 May 2017) (see the article attached at the end of the assignment).
a)Discuss the reason for this claim.Explain why it is not easy to measure the hidden unemployment in an economy. (3 marks)
b)Briefly discuss the major reasons for unemployment to fall 4.9% in June 2021 even amid the Coronavirus pandemic in Australia.(2 marks)
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Economics Principles and Policy
Authors: William J. Baumol, Alan S. Blinder
12th edition
978-0538453677, 538453672, 978-0538453622, 538453621, 978-0538453653
