Class notes
UNEMPLOYMENT:FRICTIONAL,STRUCTURAL,CYCLICALUNEMPLOYMENT,OKUN'S LAW
- Course
- Macroeconomics (ECON221)
- Institution
- 123 University
The unemployment rate is the most commonly used indicator for understanding conditions in the labour market. The labour market is the term used by economists when talking about the supply of labour (from households) and demand for labour (by businesses and other organisations). The unemployment ra...
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