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Macro Don't forget about the age old question of Illustrate the formula for Euler equations.

Ch. 9

Unemployment and Inflation Don't forget about the age old question of What is the long run equilibrium?

We also discuss several other topics like What is meant by instrumental case?

Labor force - all people willing table to work

• employed
• unemployed

If you want to learn more check out What does revenue expenditure mean?

Unemployment Rate = _%

If you want to learn more check out What separate the lobes of the lungs?

Household Survey:

• Current pop. Survey:

60,000 haves selected to be “representative” working age is 16+ We also discuss several other topics like What are the flags in line arguments?

Discouraged workers: Available for work, but haven't looked for a job during last 4 weeks because they believe no jobs are available for them

Labor force participation rate (% of working-age pop in labor force)

Employment population ratio (% of working-age pop that is employed)

Problems:

• distinguishing between people who are unemployed and not on the labor force (include discouraged workers?)
• does not measure intensity of employment (full or part time or underemployed)
• May overstate unemployment: Claim falsely that they are actively look for work

• discourage & underemployed orders aren't on Official unemployment Instead U-6 includes these workers

References: