PPT-Economics EOCT Review Which of the following is a likely result of a high unemployment

increased demand for consumer goods B increased production of capital goods C increased revenues D greater government expenditures for transfer payments When more people are unemployed the government must provide more in the way of social services transfer payments Therefore high unemployment usually results in . World’s Fiercest Enemy. Unemployment. Unemployment is the . the. . state. . of. . being out of work, . especially. . involuntarily. The Unemployment rate is determined by dividing all the unemployed by the people currently in the labor force. Carl Shapiro and Joseph . Stiglitz. Conventional paradigm. All workers receive the market wage and there is no unemployment.. Existence of involuntary unemployment. Wages fall to clear market?. Workers have an incentive to shirk.. Unemployment. occurs when a person is available to work and currently seeking work, but the person is without work.. How. to . define. u. nemployment. In USA . unemployment . is measured by the Bureau of Labor Statistics (BLS. Aims and Objectives. Aim:. Understand types of unemployment. Objectives: . Define 2 measures of unemployment. Explain current trends in UK & EU. Analyse causes of unemployment. Evaluate social costs of unemployment. Define macroeconomics.. A . branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. . This . includes national, regional, and global economies.. Outline. The labor force. The labor force participation rate. The unemployment rate. Sources of unemployment. The 16 and older non-institutionalized population that holds a paying job or is . actively seeking wo. By: Nicolas . Dromel. , . Elie. . Kolakez. , and Etienne Lehmann. . Group C. Steven . Bodi. , Mitchell . Steffler. , . Yaqin. . Hu. , . Kelby. . Krotz. , . Manmeet. . Litt. , Jordan Kirkpatrick. By: Ben . Quick. SSEMA1a,b. The unemployment rate shows the percentage of unemployed people divided by the total number of people in the civilian labor force . The unemployment rate understates the unemployment rate because it does not include “discouraged” workers or people who are working part time because they cannot find full-time work. , . and. . Wages. Chapter 8. © Dünhaupt, Dullien, Goodwin, Harris, Nelson, Roach, . Torras. Learning goals. After . today‘s. . lecture. , . you. . will . be. . able. . to. :. explain . how employment and unemployment are officially measured.. Important Clarifications. Unemployed Defined (U):. Persons in the . labor force. who made an effort to look for work within the last month. . Who is NOT included in the labor force. ? . . (click here for a video link). Orange Group. This is chapter . 35. !!. The natural rate of unemployment depends on various features of the labor market.. Examples include minimum-wage laws, the market power of unions, the role of efficiency wages, and the effectiveness of job search.. 09. McGraw-Hill/Irwin. Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.. The Business Cycle. Alternating increases and decreases in economic activity over time. Phases of the business cycle. EOCT PREP 1)  In an ecosystem, some plants may convert atmospheric nitrogen gas into ammonia through a process called __________ ____________. A)denitrification B)nitrogenous mutation C)transformation Adeetya's Kitchen & Furniture in Pune offers a selection of top-quality kitchen trolleys to maximize storage space and improve the functionality of any kitchen. https://adeetyas.com/high-quality-kitchen-trolleys-in-pune.php