Who are discouraged workers? Underemployed workers? Are they counted as part of the labor force? As part of the unemployed? How does the BLS determine who is unemployed?
Answer to relevant QuestionsWhat is the relationship between the full employment level in an economy and the economy's natural rate of unemployment? Why shouldn't the government always program a balanced budget? Think in terms of world superpowers, today and centuries ago. Who were they then? Who are they now? When did the change occur? Why do we need money? Explain why Canada gets by without a legal reserve requirement.
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