problem of "full employment" (in itself a loose concept) is difficult, but Milton Friedman's criticism of "the Phillips Curve …" is a real phenomenon, and Friedman's claim that unemployed workers will not seek employment, unless current wages are …

analysed time period is short, a comparison is made with the hypotheses or predictions of the model regarding employment, rate … a negative chock to employment on Bornholm in 1988 permanently reduced the level of employment has not been confirmed … equilibrium values of relative wages and rates of unemployment after a business cycle. …

the economy in this respect. Two sources are used to arrive at an estimate of the rate both for Greenland in general and … Greenland’s publications on employment and on unemployment. There are some difficulties using the available data: the employment … and unemployment surveys refer to periods whereas the potential workforce is counted at a date. Furthermore persons with …