In another famous paper published in 1982, Mr Diamond showed how an economy in which different agents need to seek each other out could end up with several equilibrium rates of unemployment.

另外一篇著名的论文发表于1982年，该文中Diamond展示了为何不同人之间需要相互搜寻的这种经济体，最后总能出现几个均衡的失业率。

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In other words, in the idealized flexible wages world of traditional equilibrium economics, there can never be unemployment!

换言之，在传统均衡经济学理想化了的弹性工资理论里，从来不会有失业！

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In Mr Tulip's view, a good part of the difference between the low equilibrium rate of unemployment in America (and Britain) and the much higher rates in continental Europe can be attributed to Europe's higher minimum wages.

ECONOMIST: Economics focus

So strong is this indirect effect, on his calculations, that the gradual fall in the relative value of America's minimum wage over the past 20 years is capable of explaining 1.5 percentage points of the fall in the country's equilibrium rate of unemployment over the same period.

ECONOMIST: Economics focus

The macroeconomy has a long-run equilibrium natural rate of unemployment and GDP from which unanticipated counter-cyclical policy can scarcely nudge the economy.

FORBES: Thomas Sargent, Rational Expectations And The Keynesian Consensus