3 ms·
It is thought that the optimal level of unemployment is higher than zero, because people quit jobs to look for new ones, etc. One version of this idea is the N
by QuesnayJr 7y ago
It is thought that the optimal level of unemployment is higher than zero, because people quit jobs to look for new ones, etc. One version of this idea is the NAIRU: https://en.wikipedia.org/wiki/NAIRU https://en.wikipedia.org/wiki/NAIRU
It's hard to know what this level is, though.