Unemployment

1. What are the different types of unemployment? Discuss the causes and the possible solutions for each of those types of unemployment?
2. What measures can be undertaken to decrease the various types of unemployment that exists.
3. What are the various costs of unemployment to both the economy as well as the individuals in the economy?
4. Why does the unemployment rate never reach 0 % in any economy?
5. Explain the ‘efficiency wage’ model of unemployment? How does the working of an economy with substantial training costs lead to the institutionalization of underemployment equilibrium?