Textbook Notes (368,125)
United States (205,946)
Economics (994)
Chapter 28

Chapter 28 - Unemployment.docx

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Department
Economics
Course
Economics 10b
Professor
Gregory Mankiw
Semester
Spring

Description
Chapter28UnemploymentnaturalrateofunemploymentamountofunemploymentthattheeconomynormallyexperiencescyclicalunemploymentyeartoyearfluctuationsinunemploymentarounditsnaturalrateIdentifyingUnemploymentmeasuredbytheBureauofLaborStatisticsoftheDepartmentofLabordatacomesfromCurrentPopulationSurveyputsadultsintoemployedunemployedornotinthelaborforcelaborforcethetotalnumberofworkersincludingboththeemployedandtheunemployedunemploymentratethepercentageofthelaborforcethatisunemployedlaborforceparticipationratethepercentageoftheadultpopulationthatisinthelaborforcediscouragedworkersindividualswhowouldliketoworkbuthavegivenuplookingforajobdonotshowupinunemploymentstatisticsmostspellsofunemploymentareshortandmostunemploymentobservedatanygiventimeislongtermfrictionalunemploymentunemploymentthatresultsbecauseittakestimeforworkerstosearchforthejobsthatbestsuittheirtastesandskillsinevitablebec
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