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WHAT IS IT THAT WE OUGHT TO MEASURE?
Unemployment as seen by the Keynesians
The Microeconomic Foundations of Employment
13 other sections not shown
aggregate demand analysis Britain cent ceteris paribus deficient-demand demand for labour Department of Employment discussion Dual Labour Market duration of unemployment earnings earnings-related effect employers Employment Gazette equation estimates evidence example expected figures firm frictional unemployment full employment higher hypothesis implied income incomes policy increase indicator industry Institute Economic involuntary unemployment job search Keynes labour force labour hoarding labour market labour turnover less level of unemployment long-term males measures ment money illusion money-wage output paper percentage period Phillips curve ployment pressure of demand problem production rate of registered real wages reduce regions registered as unemployed registered unemployment relationship relative rise Royal Economic Society sector shift significant skill structural suggested supplementary benefits supply target tion trend unem unemployment and vacancies unemployment gap unemployment rate unemployment register unfilled vacancies unions United Kingdom unskilled UV curve variables voluntary wage rate weeks workers