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1.Unemployment is a macroeconomic topic, and a low unemployment rate is considered a sign of a healthy economy. a)Define what it means to be unemployed
1.Unemployment is a macroeconomic topic, and a low unemployment rate is considered a sign of a healthy economy.
a)Define what it means to be "unemployed" and the "labour force".Explain how the unemployment rate and labour force participation rate are calculated.
b)Identify and explain the different types of unemployment.
c)Explain how the unemployment rate can increase when additional jobs are being created in the economy, and can decrease when jobs are being lost in the economy.
*please make it 600words and use Harvard in-text and reference list
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