The Natural Rate of Unemployment
Students will understand the concept of the natural rate of unemployment and its relationship to full employment.
Key Questions
- Explain why a zero unemployment rate is not a realistic or desirable macroeconomic goal.
- Analyze the factors that contribute to the natural rate of unemployment in an economy.
- Predict how changes in labor market policies might affect the natural rate of unemployment.
Ontario Curriculum Expectations
Suggested Methodologies
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