Chapter 6: Problem 10
What is the difference between a job leaver and a reentrant?
Chapter 6: Problem 10
What is the difference between a job leaver and a reentrant?
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Get started for freeHow is a discouraged worker different from an unemployed worker?
If the price of, say, oranges has risen, does it follow that the price level has risen too? Explain your answer.
If the unemployment rate is 4 percent, it does not follow that the employment rate is 96 percent. Explain why.
What is the relationship between your nominal income and the inflation rate if you are more than keeping up with inflation?
Show that, if the percentage rise in prices is equal to the percentage rise in nominal income, then one's real income does not change.
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