Answer Happy

Essay Questions: Essay Question 1 (10 points): You are a new economic adviser to the Spanish government. The President comes to you, complaining that the German chancellor has told him that "the natural rate of unemployment in Spain is too high, it would be advisable to attempt to reduce it”. He asks you to explain to him what this “natural rate of unemployment is", as well as give him the best policies that could reduce it, both in the long term and the short term. He says to hand him a report with a maximum of two pages.