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Explain How Technological Changes That Have Reduced the Demand for Low-Skilled

question 85

Essay

Explain how technological changes that have reduced the demand for low-skilled workers can change the natural rate of unemployment in the presence of rigid wages for this group.


Definitions:

Experience

The knowledge or skill acquired by a period of practical involvement in or exposure to events.

Independent Variable

In research, a factor that is manipulated or changed to observe its effect on a dependent variable, without being influenced by other variables.

Experimental Group

In an experiment is the group that is exposed to the independent variable.

Field Experiment

An experiment conducted in a natural setting rather than in a laboratory to study the effects of variables in real-life situations.

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