3. How is the labor force defined and who measures it? How is the unemployment rate calculated?...

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3. How is the labor force defined and who measures it? How is the unemployment rate calculated? Does an increase in the unemployment rate necessarily mean a decline in the size of the labor force? Why is a positive unemployment rate—

one more than zero percent—fully compatible with full employment?

LO9.2

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Macroeconomics

ISBN: 9781259915673

21st Edition

Authors: Campbell McConnell, Stanley Brue , Sean Flynn

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Question Posted: Sep 28, 2024 07:00 AM

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3. How is the labor force defined and who measures it? How is the unemployment rate calculated?...

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Macroeconomics

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