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Chapter 3 Unemployment, Discrimination Institutional Reason Employment benefits, Discrimination Institutional Reason Minimum wage laws, Full Employement/ Natural Rate of Unemployment/ Highest Potential GDP Institutional Reason Regulations, Civilian noninstitutional population aged 16 and over Consists of Unemployed, Civilian noninstitutional population aged 16 and over Consists of Labor Force=Employed, Full Employement/ Natural Rate of Unemployment/ Highest Potential GDP Institutional Reason Minimum wage laws, Full Employement/ Natural Rate of Unemployment/ Highest Potential GDP Frictional/Structural Frictional Changing Jobs, Full Employement/ Natural Rate of Unemployment/ Highest Potential GDP Frictional/Structural Structural technology has made skills obsolete, Full Employement/ Natural Rate of Unemployment/ Highest Potential GDP Institutional Reason Employment benefits, Unemployed Difference Recession Negative= Cost of un employment