The Macroeconomics Series (IV): Is unemployment really unavoidable?

Welcome back to the Macroeconomics Series! In this article, we are going to take a look at the last “big” concept that economists work with when handling macro: unemployment. We’ve talked about inflation and GDP, but the labour market is definitely closer to us (individuals) than the other two concepts, which I’m sure will make things easier to understand. After reading this article, you should be able to put together all the information available in previous entries and understand why things happen. Continue reading “The Macroeconomics Series (IV): Is unemployment really unavoidable?”