Explain the misleading characteristic of this indicator
Question:
The unemployment rate is a misleading indicator of the current and future state of the economy. How does the timing of lay-off and hiring decisions made by firms explain the misleading characteristic of this indicator?
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Question 1: What economic and Structural elements do New Era economists add to current economic thinking?
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The Government budget has been operating at a deficit of approximately $60 billion for the last year, up from $50 billion the previous year.
How does the timing of lay-off and hiring decisions made by firms explain the misleading characteristic of this indicator?
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