Problem
Internet sites that allow people to post their resumes on line reduce the cost of job search and create opportunities for individuals looking for jobs to be matched with potential employers more quickly. Assume that these uses of the Internet reduce the average amount of time people are unemployed.
a) How do you think the Internet has affected the natural rate of unemployment?
b) Show graphically how use of Internet by job searchers and employers affects long run aggregate supply.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.