Documents Lecture 5: Basics of Macroeconomics II Given to the EMBA 8400 Class April 16, 2010 Dr. Rajeev Dhawan...

Slide 1 Lecture 5: Basics of Macroeconomics II Given to the EMBA 8400 Class April 16, 2010 Dr. Rajeev Dhawan Director Slide 2 Chapter 28 Unemployment & Its Natural Rate…

Documents Chapter Unemployment 15. Unemployment “Natural rate” of unemployment – amount of unemployment....

Unemployment âNatural rateâ of unemployment amount of unemployment that the economy ânormallyâ experiences Average or trend rate over a longer period (years) of time…

Documents Unemployment

Identifying Unemployment How is unemployment measured? Employed People who work Unemployed Not employed Want to work Looking for a job Not in the labor force Not employed…