How is the labor force defined and who measures it? How is the unemployment rate calculated? Does
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How is the labor force defined and who measures it? How is the unemployment rate calculated? Does an increase in the unemployment rate necessarily mean a decline in the size of the labor force? Why is a positive unemployment rate—one more than zero percent—fully compatible with full employment?
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Labor Force Definition and Measurement The labor force also known as the workforce comprises individuals aged 15 and over who are either Employed Acti...View the full answer
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Related Book For 
Macroeconomics
ISBN: 9780077337728
19th Edition
Authors: Campbell Mcconnell, Stanley Brue, Sean Flynn, Flynn Mcconnell Brue
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