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QUESTION
What are the three categories into which the Bureau of Labor Statistics divides everyone? How does the BLS compute the labor force, the unemployment rate, and the labor-force participation rate? Why
- What are the three categories into which the Bureau of Labor Statistics divides everyone? How does the BLS compute the labor force, the unemployment rate, and the labor-force participation rate?
- Why is frictional unemployment inevitable? How might the government reduce the amount of frictional unemployment?
- Are minimum-wage laws a better explanation for structural unemployment among teenagers or among college graduates? Why?
- How do unions affect the natural rate of unemployment?
- What claims do advocates of unions make to argue that unions are good for the economy?
- Explain four ways in which a firm might increase its profits by raising the wages it pays.
