Does high US unemployment have mostly cyclical or structural causes?

Chapter 8 presents the concept of the "natural rate of unemployment," which is often as well called the "structural rate." A research paper takes a look at the evidence. Here is a discussion of the paper, here (or here) an op-ed by one of the authors. You might write about 500 words. Be precise, and consider the following three points: 1.Define the natural (or structural) rate as presented in chapter 8. 2.Summarize the evidence brought forth in the research paper. 3.Derive your own policy conclusions: "Unemployment is mostly … , therefore policy should … "! After submission and due date, you will be assigned to peer review other student’s contributions

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