4. Between 1997 and 1998, total U.S. employment increased by 2.1 million workers, but the number of...

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4. Between 1997 and 1998, total U.S. employment increased by 2.1 million workers, but the number of unemployed workers declined by only 0.5 million.

How are these numbers consistent with each other?

Why might one expect a reduction in the number of people counted as unemployed to be smaller than the increase in the number of people employed?

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Principles Of Macroeconomics

ISBN: 9780324171891

3rd Edition

Authors: N. Gregory Mankiw

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Question Posted: Sep 27, 2024 07:01 AM

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4. Between 1997 and 1998, total U.S. employment increased by 2.1 million workers, but the number of...

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Principles Of Macroeconomics

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