The labor force equals? Refer to the information provided in Table 3 below to answerthe questions that follow.Table 3EmployedUnemployedNot in the Labor Force95,000 people5,000 people80,000 people

Both working and jobless people are included in the term "labour force." It comprises everyone who…

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The labor force equals?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 20RQ: Why is there unemployment in a labor market with flexible wages?

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