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Lec10handout - Unemployment Slides Intro Macro 1...

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Unemployment Slides July 26 2010 1 Intro Macro
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Identifying Unemployment How is unemployment measured? Employed People who work Unemployed Not employed Want to work Looking for a job Not in the labor force Not employed Not unemployed 2 Intro Macro
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Identifying Unemployment How is unemployment measured? Labor force Total number of workers Employed Unemployed Labor force = Number of employed + Number of unemployed 4 Intro Macro
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