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First,provide a Brief Explanation of What the Unemployment Rate Measures

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Essay

First,provide a brief explanation of what the unemployment rate measures.Second,explain how changes in each of the components of the unemployment rate can cause changes in the unemployment rate.


Definitions:

Case Law

Law established by previous court decisions and based on interpretations of statutes, regulations, and constitutions.

Psychological Test

An objective, standardized measure of behavior.

Job Application

A formal request for employment, typically consisting of a resume and cover letter, submitted to an employer.

Laws

Rules that address proper conduct that have been codified and enacted by local, state, or federal legislation.

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