Discussion Post
o What are the three categories into which the Bureau of Labor Statistics divides everyone? How does the BLS compute the labor force, the unemployment rate, and the labor-force participation rate?
o Why is frictional unemployment inevitable? How might the government reduce the amount of frictional unemployment?
o Are minimum-wage laws a better explanation for structural unemployment among teenagers or among college graduates? Why?
o How do unions affect the natural rate of unemployment?
o What claims do advocates of unions make to argue that unions are good for the economy?
o Explain four ways in which a firm might increase its profits by raising the wages it pays.
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.