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Describe the labor force

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1. Describe the Labor Force. How is it calculated? List one demographic group that the labor force participation rate has increased for and one demographic group that it has decreased for over the years in the U.S.

2. Why is the unemployment rate understated? Provide at least three reasons.

3. List and describe at least four sources of Unemployment

4. What is the meaning of Full Employment/ Natural Rate of Unemployment? If we are at full employment that means that we have no type of ___________unemployment?

Reference no: EM132324792

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