The following is an excerpt from a BLS report (www.bls.gov/opub/ils/pdf/opbils74.pdf) published in April 2009: Among the marginally
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The following is an excerpt from a BLS report
(www.bls.gov/opub/ils/pdf/opbils74.pdf) published in April 2009: “Among the marginally attached, the number of discouraged workers rose to 717,000 in the first quarter of 2009, a 70-percent increase from the first quarter of 2008.” Do you think this statement is consistent with the real business cycle theory proposition that all unemployment is voluntary?
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