Define and explain the two types of unemployment

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1. Until the late 1960s, most economists assumed that less unemployment was always preferable to more unemployment. Define and explain the two types of unemployment that are consistent with a dynamic, growing economy.

2. What type of unemployment is affected when online job search engines reduce the time necessary for job searches? Does this outcome affect the natural rate of unemployment? If so, how?

Reference no: EM131298885

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