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Macro Quiz 15

TermDefinition
Labor Force Employed + Unemployed
Unemployment Rate # of unemployed ___________________ * 100 Labor Force
Labor Force Participation 100 * Labor Force ______________ Adult Population
Adult Participation Labor Force + not in labor force
Frictional Unemployment When you are unemployed because you are looking for the right job
Structural Unemployment the number of jobs available is insufficient to provide jobs for everyone
Created by: Orrin_Douglas
 

 



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