Is too low of unemployment a bad thing? (2-3 paragraphs)
Is too low of unemployment a bad thing? (2-3 paragraphs)
Homework Answers
Unemployment is a situation when a person is not having job or looking for any job
It is of three rypes generally-
1structural.
2 frictional
3.cyclical
YES IT IS TRUE that if unemployemnt is too low then it will cause serious trouble on the economy as less jobs will be there so less and work and less development and in long run it can also be disastrous like Recession etc
According to US officiial data,it should be limited to 4% ,which is good for an economy and mainly due to frctional and structural unemployment
So the answer is yes
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