run unemployment does not arise from a single problem that has a single solution.
Instead,
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for policymakers to reduce the economy's natural rate of unemployment and,
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the same time, to alleviate the hardships experienced by the unemployed.
IDENTIFYING UNEMPLOYMENT
We begin this chapter by examining more precisely what the term unemployment
means. We consider how the government measures unemployment,
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lems arise in interpreting the unemployment data,
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of unemployment lasts.
HOW IS UNEMPLOYMENT MEASURED?