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Uploaded:
05/18/15
University of Oregon
EC 313 Exam Study Guide
Professor: John voorheis

How are wages determined?

Study guide and answers to 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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