Class notes
UNEMPLOYMENT:FRICTIONAL,STRUCTURAL,CYCLICALUNEMPLOYMENT,OKUN'S LAW
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12-06-2022
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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 rate can also provide insights into how the economy is performing more generally, making it an important factor in thinking about monetary policy. This study material covers Macroeconomics Unemployment topic in a simple way that enables the students to understand
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Institution
123 University
Course
Macroeconomics (ECON221)
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Written for
- Institution
-
123 University
- Course
-
Macroeconomics (ECON221)
Document information
- Uploaded on
- June 12, 2022
- Number of pages
- 8
- Written in
- 2021/2022
- Type
- Class notes
- Professor(s)
- John
- Contains
- Unemployment
Subjects
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