Why the Unemployment Rate Decreases and Increases 10:44 Types of Unemployment | Cyclical, Frictional & Structural 6:15 Natural Rate of Unemployment | Overview, Formula & Calculation 8:34 Rational Expectations Theory | Uses, Examples & Criticisms 9:14 Effect of Minimum Wage on Unemployment |...
lookofbar options outergap(*#) and outergap(#) specify the gap between the edge of the graph to the beginning of the first bar and the end of the last bar to the edge of the graph. outergap(*#) specifies that the default be modified. Specifying outergap(*1.2) increases the gap ...
An example of a product substitute is corn and soybeans as they utilize the same resource for poduction (farmland). If the price of corn decreases, farmers will grow more soybeans, and more land is available to grow soybeans. It increases the supply of soybeans. Learn More CFI is the o...
it increases when the economy enters recession and decreases when it makes a recovery.Actual rate of unemployment (ua) can be defined as the sum of natural rate of unemployment (un) and the rate of cyclical unemployment (uc):ua = un + ucThe rate of unemployment that prevails during all ...