The table below shows the percentage of the labour force accounted for by males and females over a two-decade period.Assume that real GDP is equal to potential in each of the given years.
% of Labour Force
TABLE 30-4
-Refer to Table 30-4.Suppose that for each year listed the unemployment rate among males is 5% while it is 7% among females.What is the economy's NAIRU in 1960?
Definitions:
Functionalism
A theoretical framework in social sciences that views society as a complex system whose parts work together to promote solidarity and stability.
Class Consciousness
Awareness of one's social class and its implications, often leading to collective political action or solidarity.
Manifest Function
The explicit, intended goals or consequences of social processes or institutions.
Latent Function
refers to the unintended or unrecognized positive consequences of a social process or structure.
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