Unemployment Assignment | Homework For You

Suppose that the federal authorities gives additional job teaching packages and job search suppliers with the intention to help workers improve productiveness and uncover jobs.

a.) What could be the impression on the pure unemployment cost? How does this affect the expectations-augmented Phillips curve and the long-run Phillips curve?

b.) Do you assume that regular expansionary monetary protection can have the similar outcomes as in your reply to (a)? Make clear your reply. Economics homework help