Since March 2020 i.e. during the pandemic, • Which of the sources of unemployment (i.e. frictional, etc.) changed most? • Should this affect The natural rate of unemployment? Why or why not, and in your answer be specific about what determines the natural rate of unemployment? • Consider two government policies: (1) a job retraining program to allow people to find new careers or (2) an employment subsidy pro- gram that pays firms to keep workers on their payroll and/or hire new ones. Which should be more effective at addressing the source of unemployment you identified above?
