Question
PART A) Watch the video below then give a concise ECONOMIC definition of unemployment. PART B) Suppose that an economy has 9 million people working
PART A) Watch the video below then give a concise ECONOMIC definition of unemployment.
PART B) Suppose that an economy has 9 million people working full time. It also has 1 million people who are actively seeking work but currently unemployed as well as 2 million discouraged workers who have given up looking for work and are currently unemployed. What is this economy's unemployment rate?
https://www.youtube.com/watch?v=Ulu3SCAmeBA
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Microeconomics
Authors: Paul Krugman, Robin Wells
5th edition
1319098780, 1319098789, 978-1319098780
