Thursday, March 1, 2012

Abbott and Costello explain Unemployment

http://gregmankiw.blogspot.com/2012/02/abbott-and-costello-explain.html

1 comment:

  1. I think the reason it's counted that way is so that retirees, students, housewives (and househusbands), and the independently wealthy don't add to the unemployment numbers. You're right, though- it certainly seems like they could account for those without also loosing track of the people who just give up because of overwhelming dejection.

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