analysed time period is short, a comparison is made with the hypotheses or predictions of the model regarding employment, rate … of unemployment and wages or wage incomes. Participation rates and migrations are also touched upon. An expectation that … a negative chock to employment on Bornholm in 1988 permanently reduced the level of employment has not been confirmed …

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 …

problem of "full employment" (in itself a loose concept) is difficult, but Milton Friedman's criticism of "the Phillips Curve …" (which is not Keynesian) does not hit the mark, as I think is shown by my arguments on pages 89-94. "Involuntary unemployment …" is a real phenomenon, and Friedman's claim that unemployed workers will not seek employment, unless current wages are …