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In July 2011, the Canadian unemployment rate was 7.2 percent. In January 2012, the unemployment rate was 7.6 percent. Predict what happened to: The labour force between July 2011 and January 2012, if...
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What is economic growth and how do we calculate its rate?
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Economic Conditions at the Cycle Bottom Employment rebounded by 0.1 percent in August 2008, its first gain in four months. All of the increase was in full-time jobs. The unemployment rate in August 20...
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What are the two broad sources of potential GDP growth?
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What are the effects of an increase in the population on potential GDP, the quantity of labour, the real wage rate, and potential GDP per hour of labour?
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Jobs Report: Hiring Up, Unemployment Down The Labor Department reported that hiring accelerated in November, and the unemployment rate fell to 8.6 percent from 9 percent in October. Two reasons for th...
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If a severe drought decreases labour productivity, explain what happens to: a. Potential GDP. b. Employment. c. The real wage rate.
See AnswerQ: A high unemployment rate tells us that a large percentage of the
A high unemployment rate tells us that a large percentage of the labour force is unemployed but not why the unemployment rate is high. What unemployment measure tells us if (i) people are searching l...
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