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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 24
Use the following information to work Problem.
In October 2009, the U.S. unemployment rate was 10.0 percent. In October 2011, the unemployment rate was 8.9 percent. Predict what happened to:
The labor force between October 2009 and October 2011, assuming that unemployment was constant.
In October 2009, the U.S. unemployment rate was 10.0 percent. In October 2011, the unemployment rate was 8.9 percent. Predict what happened to:
The labor force between October 2009 and October 2011, assuming that unemployment was constant.
Explanation
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Unemployment rate:
Unemployment rate ca...
Macroeconomics 11th Edition by Michael Parkin
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