A high unemployment rate tells us a large percentage of the labour force is unemployed, but it

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A high unemployment rate tells us a large percentage of the labour force is unemployed, but it doesn’t tell us why the unemployment rate is high. What measure of unemployment tells us if (i) people are taking longer than usual to find a job, and (ii) more people are involuntary part time workers?
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Macroeconomics Canada in the Global Environment

ISBN: 978-0321778109

8th edition

Authors: Michael Parkin, Robin Bade

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