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Frictional, Structural, Cyclical Unemployment Defined
Mark Thoma explains the difference between cyclical, structural, and frictional unemployment: As I noted in a previous post, economists define three types of unemployment: frictional, structural, and...
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Washington Post – FAIL on Fiscal vs. Monetary Policy
I have long observed that any students who pass Econ 201 and Econ 202 with good grades and then remember what they learned are far and away more knowledgeable about economics than the majority of...
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