Do we want zero unemployment?
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Studied at the University of Manchester, Lives in Manchester, UK.
While high unemployment is undesirable, full employment (meaning zero unemployment) is neither practical nor desirable. ... Economists do not generally believe it is practical or desirable to have 100% employment in an economy. In particular, the Phillips curve highlights why this is so.
2023-06-16 04:13:56
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Julian Morris
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While high unemployment is undesirable, full employment (meaning zero unemployment) is neither practical nor desirable. ... Economists do not generally believe it is practical or desirable to have 100% employment in an economy. In particular, the Phillips curve highlights why this is so.