Unemployment changes in the long run if
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Write a summary for each with great details and examples
8.1 How the Unemployment Rate is Defined and Computed
8.2 Patterns of Unemployment
8.3 What Causes Changes in Unemployment over the Short Run
8.4 What Causes Changes in Unemployment over the Long Run
Write a summary for each with great details and exaples- at least a paragraph for each question
A policy change that changes the natural rate of unemployment changes:
a. both the long-run Phillips curve and the long-run aggregate supply curve.
b. the long-run aggregate supply curve, but not the long-run Phillips curve.
c. the long-run Phillips curve, but not the long-run aggregate supply curve.
d. neither the long-run Phillips curve nor the long-run aggregate supply curve.