March 2013
Beginner
252 pages
6h 50m
English
Content preview from A Primer on Macroeconomics
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The Twin Evils of Macroeconomics
By the end of this chapter you will be able to:
1. Define the labor force and give the official definition of employment.
2. Provide the official definition of the unemployment rate.
3. Describe the limitations of the unemployment rate statistic and outline the impact of the “discouraged worker effect” on official unemployment statistics.
4. Distinguish among the three types of unemployment—frictional, structural, and cyclical—and give examples of each.
5. Define the natural rate of unemployment and relate it to the concepts of full employment and the full-employment output level.
6. Describe the economic and social costs of unemployment.
7. Define inflation and the inflation rate.
8. Give the rationale ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.