Determine whether or not the u.s. economy is operating

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Reference no: EM133439501

Question: (In one paragraph) Discuss how the Bureau of Labor Statistics (B.L.S.) defines the Civilian Labor Force and describe a specific example of (just) one person in the United States who meets this definition today. Then also discuss how the B.L.S, defines those who are "Not in the Labor Force" and describe a specific example of (just) one person in the U.S. who meets that definition instead.

(In one paragraph) Discuss how the Bureau of Labor Statistics (B.L.S.) defines the Employed in the Labor Force and describe a specific example of (just) one person in the United States who meets this definition today. Then also discuss how the B.L.S, defines the "Unemployed" in the Labor Force and describe a specific example of (just) one person in the U.S. who meets that definition instead.

(In one paragraph) Define Frictional Unemployment and describe a specific example of (just) one person in the United States who could meet this definition today. Then also define Structural Unemployment, and describe a specific example of (just) one person in the United States who meets that definition instead.

(In one paragraph) Explain the two parts of a fraction that the Bureau of Labor Statistics (B.L.S.) uses each month to compute the unemployment rate in the United States. Then identify what the actual unemployment rate was last month (in February). And make sure
to discuss how this rate helps determine whether or not the U.S. economy is operating at its "Full Employment" level as this term is defined in Chapter Eight of the textbook.

Reference no: EM133439501

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