Review Notes
Employment and Unemployment
- - what is unemployment?
- - graphically?
- - voluntary employment?
- - involuntary employment?
- - measuring unemployment
- - who are considered employed?
- - who are considered unemployed?
- - what is the labor force?
- - what is the labor force participation rate?
- - problems?
- - discouraged workers
- - dishonest nonworkers
- - Types of unemployment
- - frictional unemployment
- - structural unemployment
- - seasonal unemployment
- - cyclical unemployment
- - induced unemployment
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