After you have read chap 15 on ‘Unemployment’ in the textbook, try to compare and contrast among the 3 basic types of unemployment discussed in that chapter in relation to output and real GDP.

Unemployment discussion

React to the following prompt: After you have read chap 15 on ‘Unemployment’ in the textbook, try to compare and contrast among the 3 basic types of unemployment discussed in that chapter in relation to output and real GDP. More specifically, explain which type of unemployment has created most joblessness in the U.S historically thus preventing growth in real GDP from taking place. Cite specific economic crises in the U.S to support your claims and share insights