1) “restrictive monetary policy will help to decrease inflation; the resulting increase in the natural unemployment rate is a small price to pay.”

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Students are expected to provide assignment answers in detail. Minimum of 1 paragraph answer per question is expected. Failure to answer questions thoroughly will result in partial/no credit.
Chapter 7 assignment will be worth 30 points
Estimated time 3 to 4 hours each week.
Read
Your textbook-Macroeconomics 13th Edition
Author: Rudiger, Dornsbusch, Stanley Fischer, Richard Startz-McGraw Hill Education ISBN: 9781259290633
Chapter 7: Unemployment
1) “Restrictive monetary policy will help to decrease inflation; the resulting increase in the natural unemployment rate is a small price to pay.” Comment on this statement. In your answer, explain what policies the government should design to lower the natural rate of unemployment.
2) “Structural unemployment is in excess of the natural rate of unemployment and can therefore be easily lowered by expansionary fiscal policy.” Comment on this statement. In your answer, list the different types of unemployment.
3) Distinguish between frictional, structural, search, seasonal, and cyclical unemployment.
4) “The natural rate of unemployment is a helpful guide for policy makers, since most inflation is driven by wage increases.” Comment on this statement.
5) “More generous unemployment benefits create a higher unemployment rate.”

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