Practice Exercises 2.1 Suppose the marginal product of labor for unskilled labor is given by MPN=200-0. The supply of unskilled labor is given by…October 10, 2020
James Crotty POLITICAL ECONOMY RESEARCH INSTITUTE The Realism of Assumptions Does Matter: Why Keynes- Minsky Theory Must Replace Efficient Market…October 11, 2020
Calculate a) labor force, b) labor force participation rate, and c) unemployment rate if the population of a country is 340 million people out which 62 million are under the age of 16, 48 million don’t want to work and 20 million are looking for work.
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