Question 1: Is unemployment typically short-term or long-term? Explain.
Question 2: Why is frictional unemployment inevitable? How might the government reduce the amount of frictional unemployment?
Question 3: Are minimum-wage laws a better explanation for structural unemployment among teenagers or among college graduates? Why?
Question 4: How do unions affect the natural rate of unemployment?
Question 5: What claims do advocates of unions make to argue that unions are good for the economy?