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What is the difference between NRU and unemployment rate? Why is structural and cyclical unemployment considered natural? List two social problems with unemployment. How will

What is the difference between NRU and unemployment rate?

Why is structural and cyclical unemployment considered natural?

List two social problems with unemployment. How will those problems lead to potential economic problems?

List two economic problems with unemployment. How will those problems lead to potential social problems? (Please use different problems than previous question)

Why do economists consider cyclical unemployment the worst type of unemployment?

Using the correct diagram explain cyclical unemployment and sticky wages.

What government policy could we use to fix this unemployment problem?

Is unemployment ever good? Explain examples where unemployment can be good or seen as a positive for an economy.

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