Unemployment is classified as a lagging indicator. Explain what this means and why unemployment is classed as

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Unemployment is classified as a ‘lagging indicator’. Explain what this means and why unemployment is classed as such.

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Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

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Question Posted: Apr 26, 2024 02:01 AM

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Unemployment is classified as a lagging indicator. Explain what this means and why unemployment is classed as

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Unemployment is classified as a lagging indicator in economics This classification means that changes in unemployment tend to occur after changes in o...View the full answer

Economics

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