The number of unemployed who are actively seeking work is determined by a

The number of unemployed who are actively seeking

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the percentage of the civilian labor force that is not working but is actively seeking work. The number of unemployed who are actively seeking work is determined by a monthly survey of approximately 60,000 households reported by the U.S department of labor. (Principles of Econonmics,2012)
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Unemployment usually falls into one of the three categories: frictional unemployment, cyclical unemployment and structural unemployment. since each of categories differs from the others, each requires a separate set of solutions. Frictional Unemployment it takes time for employers and workers to find each other. (Principles of Econonmics,2012) Cyclical unemployment is when the business is in a recession it causes for workers to lose their jobs. (Principles of Econonmics,2012) Structural unemployment is a person is unemployed due to the lack of skills the company is seeking for. (Principles of Econonmics,2012) The Concepts of Aggregate Supply and Aggregate Demand Aggregate demand Is the total value of real aggregate output that all sectors of the economy are willing to purchase all various average price levels. The aggregate demand curve shows the GDP out. The downward sloping means the public will spend more on real output at a lower average price level than at a higher one. Changes in quantity demand is the increase or decrease in demand, represented by a shrif of the supply curve to a new position. The reason for this inverse relation is explained by three effects. (Principles of Econonmics,2012) Interest rate is a costs of borrowing money tend to vary directly with the average price level. When prices decline, people real cash balances increase. This reduces the public demand for credit which causes rates to decline. When the prices rise, the cash balance declines so the public borrows more funds in order to finance purchases. This increases the public demand for credit, causing interest rate to rise. Wealth Effect is a behavioral relationship changes in spending money. (Principles of Econonmics,2012) When the prices decrease, the real value of increases wealth meaning money has more purchasing power. Increasing in the prices means the wealth causes consumption to increase with it. (Principles of
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