Examlex
For Keynes,the most important determinant of employment and output is/are
Labor Force Participation Rate
The percentage of the working-age population that is working or actively looking for work, indicating the level of active engagement in the labor market.
Cyclical Unemployment
Cyclical unemployment refers to the fluctuation in unemployment that occurs due to the ups and downs of the economy over time.
Structural Unemployment
The occurrence of unemployment caused by the reformation within industries, often as a result of technological innovations, rather than changes in market demand or supply.
Unemployment Insurance
A government-provided financial assistance program for individuals who have lost their jobs, offering temporary financial support.
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