Get Foundations of Economics, 8th Edition now with O’Reilly online learning.
O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.
Are we back at full employment?
When you have completed your study of this chapter, you will be able to
1 Define the unemployment rate and other labor market indicators.
2 Describe the trends and fluctuations in the indicators of the state of the U.S. labor market.
3 Describe the types of unemployment, define full employment, and explain the link between unemployment and real GDP.
MyEconLab Big Picture Video