Question
working age population of 22 mill, 16 mill are employed, 2 mill are unemployed, 1 mill of the employed are working PT, half of whom
working age population of 22 mill, 16 mill are employed, 2 mill are unemployed, 1 mill of the employed are working PT, half of whom wish to work FT. if 500,000 of those unemployed are CYCLICALLY unemployed, what is the NATURAL unemployment rate?
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Macroeconomics Principles and Applications
Authors: Robert E. Hall, Marc Lieberman
6th edition
1111822352, 1111822354, 9781133708742 , 978-1111822354
