Macroeconomics
Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
Question
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Chapter 22, Problem 28APA

(a)

To determine

Determine the number of jobs.

(b)

To determine

Determine the impact on unemployment when the pace of job creation exceeds the increase in population.

(c)

To determine

Determine why the unemployment increases when the pace of job creation exceeds the increase in population.

(d)

To determine

Determine the labor force participation rate when the pace of job creation exceeds the increase in population.

(e)

To determine

Identify how the increase in real GDP affects the jobs and unemployment. 

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