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At the state level of analysis, the probability of war between states is increased by
Cyclically Unemployed
Individuals who have lost their jobs due to a downturn in the business cycle, reflecting a lack of demand within the economy.
Frictionally Unemployed
Individuals temporarily out of work while transitioning between jobs or entering the workforce.
Structurally Unemployed
Individuals who are unemployed due to changes in the market that make their skills obsolete.
Aggregate Supply Curve
displays the total output of goods and services that firms in an economy are willing to produce and sell at different price levels, in a given time period.
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