
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 3
For each of the following situations, is Rick Alexander (from the chapter-opening story) counted as employed, unemployed, or not in the labor force by the Bureau of Labor Statistics?
a. Alexander is self-employed in his old job as a carpenter.
b. Alexander moves to Florida and begins looking for work.
c. Alexander feels discouraged looking for work and stops applying for jobs.
d. Alexander starts looking for work again.
e. Alexander starts work at a new job.
a. Alexander is self-employed in his old job as a carpenter.
b. Alexander moves to Florida and begins looking for work.
c. Alexander feels discouraged looking for work and stops applying for jobs.
d. Alexander starts looking for work again.
e. Alexander starts work at a new job.
Explanation
Unemployment:
Unemployment refers to a ...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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