Print this chapterInflation and Unemployment
3. Inflation and Unemployment in the Long Run
Answer To Try It Problem
The duration of an unemployed worker's job search increases in situation (1), as illustrated in panel (a) and decreases in situations (2) and (3), as illustrated in panels (b) and (c) respectively. Thus, the unemployment rate increases in situation (1) and decreases in situations (2) and (3).
