Briefly Describe an Example of an Intuitively Valuable Life (It

question 10

Essay

Briefly describe an example of an intuitively valuable life (it can be someone you know personally or someone you just know of). Explain what makes their life valuable. Does Hedonism do a good job of capturing all the dimensions of value in the life in your example? Why or why not?

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Definitions:

Long-run Unemployment

A situation where the unemployment rate persists at a high level for a long period of time, often due to structural changes in the economy.

Bureau of Labor Statistics

A U.S. government agency responsible for collecting and reporting data on employment, labor market activity, working conditions, and price changes.

Average Workweek

The average number of hours worked per week by employees in a specific sector or economy.

Natural Rate

The long-term rate of unemployment around which the job market is in balance, where all those willing to work at prevailing wage rates can find employment.