eskimoh said:LOL AT THE FONT
i put A
but the overwhelming amnt of ppl putting c is making me feel insecure LOL
knots&crosses said:The answer is c. If the economy has reached its NAIRU, hidden unemployment is not included. This is because hidden unemployment comes about due to low economics growth, and growth is not included in the NAIRU, thus the answer is C.
Lol nope. Do you have Tim Dixon's book? Read up on Causes of Unemployment, Rising Participation Rate. They enter the workforce but will be classified as unemployed for a short while.Terlob said:Straight into new jobs
Wikipedia? Should I go and edit some of it? Lol jks.Terlob said:Ripped straight from Wikipedia - somewhere everyone can see and not a textbook not everyone has access to :
The term NAIRU is an acronym for Non-Accelerating Inflation Rate of Unemployment. It is a concept in economic theory significant in the interplay of macroeconomics and microeconomics. This "full employment" unemployment rate is sometimes termed the "inflation-threshold unemployment rate": if actual unemployment falls below the NAIRU, the inflation rate is likely to rise quickly
Relate that back to the question too... prices will rise even further because of increased inflation. If that doesnt change your mind nothing will.