Question.4387 - Ch. 3 Written Assignment (Video Activity) - Due Jan 30DetailsThe video Unemployment Explained [2min 39sec], produced by the International Monetary Fund (IMF), explores how economists think about unemployment. The basic economic tools of supply and demand are used to explain what causes unemployment. In this video, you will also learn about how economists categorize different types of unemployment and why a zero rate of unemployment is not likely or even desirable.Please watch the video and answer the following two questions.(Source: IMF. (2020, February 4). Unemployment explained | Back to basics [Video]. YouTube. https://www.youtube.com/watch?v=mR32kHBKhQE)1. List the types of unemployment presented in the video, giving an example of each type.2. Choose three countries and find out what unemployment has been in each of those countries over the past decade. Do you detect any patterns in the unemployment rates in those countries over time or across the three different countries? Tell which type of unemployment you think has been most prevalent in each country and explain your reasoning.
Answer Below:
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