Unemployment in the Labour Market Is Primarily Voluntary

talk about Keynesian theory, classical theory, new classical theory, new Keynesian theory,

neo-classical theory also mention the game theory, Marxian theory, natural rate of unemployment, and the rational expectations role. Please use graphs as well to explain

Unemployment is a particularly high topic in the news at the moment with the recession seemingly refusing to come to a stop and the number of people losing their jobs growing rather than declining. As with all issues, there is a remarkable amount of debate regarding the issues that stimulate this crescendo of unemployment. Classical economics and neoclassical economics both argue that classic market mechanisms such as that of Adam Smith are reliable means of economic health and government intervention / interference stimulates unemployment. They oppose theories that argue for interventions imposed on the labor market from the outside, such as unionization, minimum wage laws,...
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