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...Economics coursebook jeffrey parker models of unemployment chapter contents a topics and tools b defining the statistical definition problems with measures natural cyclical c introduction to theories d minimum wages simple wage model effects on skilled unskilled labor e insurance length job search benefits duration optimal f unions an economy wide union two sector g sectoral shifts h understanding romer s efficiency shapiro stiglitz implicit contract insider outsider matching i suggestions for further reading european theoretical j works cited in text is one most visible indicators economic activity rate typically rises considerably during recessions then falls as recovers people commonly view typical unemployed worker suffer ing long lasting despair destitution so media publicize high great social problem we shall see that this not accurate depiction vast majority those out work united states contrast find relatively quickly while their income loss significant it catastrophic workers ...