Reviews
05/18/15
How are wages determined?
Midterm 2 Econ 313 Labor market ● The unemployment rate is U /LF ● LFPR is (U+E)/P , and employment ● population ratio is E/P ● The household survey is designed to measure the unemployment rate ● The Establishment survey is designed to track employment (the number of jobs) ● If fewer hires, the chance of an unemployed worker finding a job falls ● If firms layoff workers, the emplo
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What is okun law?
UO - ECON 313 - Class Notes - Week 2
What is proposed by the Okun's Law?
How are wages determined?
Define okun's law.
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