Define the way economists define the Labor Force Participation Rate - LFPR. What is its current level in the US? What is its significance for long-term economic growth? How can we define "production" in economics? Differentiate capital and labour. What is the meaning of labour as used ...
What is the natural rate of unemployment? Outline the main factors that are thought to influence the natural rate of unemployment. Explain the difference between the unemployment rate and the labor force participation rate. If an economy is facing an unemployment rate of...
Additionally, they must provide factual input and communicate the likely impacts of existing conventions; conventions that have not yet come into force; and proposed conventions and amendments (along with their national implementing laws and regulations) on the SSS industry. Likewise, federal ...