Examlex
What problems would result from the measurement of the sales of all goods and services produced?
Long-Run Unemployment
Unemployment that persists in an economy for an extended period, typically occurring due to structural changes in the economy such as technological advances or shifts in consumer demand.
Unemployment Rate
The proportion of the labor force that is without work but actively seeking employment and willing to work, expressed as a percentage.
U-4 Measure
A specific measure of unemployment that includes all persons who are not currently working but are willing to work and actively seeking employment, plus discouraged workers.
Discouraged Workers
Individuals who have stopped looking for employment due to the belief that there are no jobs available for them.
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