The natural rate is not God given. It can (and often should be) reduced by microeconomic policies that reduce the distortions in the labour market, such as minimum wage laws, hiring and firing rules that reduce labour demand, unemployment insurance benefits etc. The natural rate can be reduced by subsidizing the cost of say daily travel to work and thereby increasing labour mobility. However, the natural rate cannot be influenced or lowered by monetary or fiscal policies, which can only affect aggregate demand. Job schemes that push up aggregate demand without adding to aggregate supply cannot
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