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1)What are the causes of unemployment according the neoclassical theory? Give 5 reasons and explain how each one of them leads to more unemployment

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1)What are the causes of unemployment according the neoclassical theory? Give 5 reasons and explain how each one of them leads to more unemployment. What do you think about this view?

2) What is the Phillips Curve? Show how it becomes vertical in the long run.

3) What is the NAIRU? And what relationship does it have with the Phillips Curve? What is the natural rate of unemployment? What is the Keynesian view of the NAIRU?

4) What is the OECD view and what criticism has been made against it?