His book "Structural Slumps", published in 1994, is an ambitious attempt to provide a general theory of how the natural rate of unemployment evolves.
在他于1994年出版的《结构性低迷》一书中，他雄心勃勃的试图给出一个自然率失业演化的一般理论。
2
That means recent grads have about the same level of unemployment as the general population.
这意味着刚毕业的大学生失业率与一般群体的失业率几乎不相上下。
3
Because Hoover insisted that wage rates stay the same, even though the market-clearing wage rate was falling with productivity and general prices, the result was larger and larger unemployment.