Figure 3 Classification of unemployment based on the Phillips curve non-deficient demand, full employment can be reached by removing ‘structural’ unemployment (u,) and can be lowered by expansionary fiscal policy. Once in a situation of
Related Figures (5)
Figure 1: ‘Clustering’ of causes for different classification schemes determination of the set of underlying causes in some sense arbitrary. Figure 2: Structural unemployment determined by the Beveridge curve supply and demand for labour, to equilibrium of ‘structural’ unemployment has thus changed in this way from a qualitative mismatch between showing the simultaneous existence of different analytical classes and classification schemes. Figure 4: Classifications of unemployment based on the Phillips and Beveridge curve discussing this framework here in full detail, his final classification is presented in figure 4. classification approach thus refer to another set of causes. Figure 5: Measurement of analytical classes of unemployment