Submit Search
Upload
Macro 10
โข
0 likes
โข
147 views
Gale Pooley
Follow
Macro 10
Read less
Read more
Economy & Finance
Report
Share
Report
Share
1 of 34
Download now
Download to read offline
Recommended
IEU Equal Pay Day 4 September
IEU Equal Pay Day 4 September
IEU VicTas
ย
My Protection Plus - Accident/Illness Protection
My Protection Plus - Accident/Illness Protection
My-Protection-Plus
ย
New York State Family Medical Leave Act- What Employers Should Know
New York State Family Medical Leave Act- What Employers Should Know
Annemaria Duran
ย
A guide to inclusive prosperity
A guide to inclusive prosperity
danielstone29
ย
Slide pack-longevity-economy-pdf-slides
Slide pack-longevity-economy-pdf-slides
Sally Evans
ย
The Great Recession? What Happened to Economic Security in 2009
The Great Recession? What Happened to Economic Security in 2009
Michael Krakowiak
ย
Senate President Cullerton Taxpayers Federation Slideshow
Senate President Cullerton Taxpayers Federation Slideshow
Illinois State Senate Democratic Caucus
ย
Presentation 1 rondinello
Presentation 1 rondinello
Keewanr
ย
Recommended
IEU Equal Pay Day 4 September
IEU Equal Pay Day 4 September
IEU VicTas
ย
My Protection Plus - Accident/Illness Protection
My Protection Plus - Accident/Illness Protection
My-Protection-Plus
ย
New York State Family Medical Leave Act- What Employers Should Know
New York State Family Medical Leave Act- What Employers Should Know
Annemaria Duran
ย
A guide to inclusive prosperity
A guide to inclusive prosperity
danielstone29
ย
Slide pack-longevity-economy-pdf-slides
Slide pack-longevity-economy-pdf-slides
Sally Evans
ย
The Great Recession? What Happened to Economic Security in 2009
The Great Recession? What Happened to Economic Security in 2009
Michael Krakowiak
ย
Senate President Cullerton Taxpayers Federation Slideshow
Senate President Cullerton Taxpayers Federation Slideshow
Illinois State Senate Democratic Caucus
ย
Presentation 1 rondinello
Presentation 1 rondinello
Keewanr
ย
Macro 9
Macro 9
Gale Pooley
ย
President Cullerton Civic Federation presentation.
President Cullerton Civic Federation presentation.
Illinois State Senate Democratic Caucus
ย
As economics conflicting government objectives
As economics conflicting government objectives
Codey Learns Ltd
ย
Indianapolis JLL Employment Update - November 2015
Indianapolis JLL Employment Update - November 2015
JLLindianapolisresearch
ย
GENC3003 Week 5 Superannuation Pt 5
GENC3003 Week 5 Superannuation Pt 5
Andrew Hingston
ย
Itโs the economy stupid
Itโs the economy stupid
The Cloud School Ltd
ย
Townsend 2016 Spring NL (2)
Townsend 2016 Spring NL (2)
Dan Opsommer
ย
Eco 203 week 5 dq 2 output vs. workers
Eco 203 week 5 dq 2 output vs. workers
dusterfast88
ย
Child Poverty in the UK
Child Poverty in the UK
Social Policy and Social Work, University of York
ย
2017 Arizona Economic Update & Outlook
2017 Arizona Economic Update & Outlook
Shay Moser
ย
Family Finances report - Dec 2014
Family Finances report - Dec 2014
Aviva plc
ย
Securing A Brighter Future: A Social Security Roadmap
Securing A Brighter Future: A Social Security Roadmap
Rea & Associates
ย
Macro 7
Macro 7
Gale Pooley
ย
Macro 13
Macro 13
Gale Pooley
ย
Macro 9.pdf
Macro 9.pdf
GalePooley1
ย
Macro 10
Macro 10
Gale Pooley
ย
Macro 10
Macro 10
Gale Pooley
ย
Lecture 13 unemployment
Lecture 13 unemployment
Gale Pooley
ย
Employment and Unemployment
Employment and Unemployment
YanaFarah
ย
Macro 9
Macro 9
Gale Pooley
ย
Macro 10
Macro 10
Gale Pooley
ย
Macro 10
Macro 10
Gale Pooley
ย
More Related Content
What's hot
Macro 9
Macro 9
Gale Pooley
ย
President Cullerton Civic Federation presentation.
President Cullerton Civic Federation presentation.
Illinois State Senate Democratic Caucus
ย
As economics conflicting government objectives
As economics conflicting government objectives
Codey Learns Ltd
ย
Indianapolis JLL Employment Update - November 2015
Indianapolis JLL Employment Update - November 2015
JLLindianapolisresearch
ย
GENC3003 Week 5 Superannuation Pt 5
GENC3003 Week 5 Superannuation Pt 5
Andrew Hingston
ย
Itโs the economy stupid
Itโs the economy stupid
The Cloud School Ltd
ย
Townsend 2016 Spring NL (2)
Townsend 2016 Spring NL (2)
Dan Opsommer
ย
Eco 203 week 5 dq 2 output vs. workers
Eco 203 week 5 dq 2 output vs. workers
dusterfast88
ย
Child Poverty in the UK
Child Poverty in the UK
Social Policy and Social Work, University of York
ย
2017 Arizona Economic Update & Outlook
2017 Arizona Economic Update & Outlook
Shay Moser
ย
Family Finances report - Dec 2014
Family Finances report - Dec 2014
Aviva plc
ย
Securing A Brighter Future: A Social Security Roadmap
Securing A Brighter Future: A Social Security Roadmap
Rea & Associates
ย
What's hot
(12)
Macro 9
Macro 9
ย
President Cullerton Civic Federation presentation.
President Cullerton Civic Federation presentation.
ย
As economics conflicting government objectives
As economics conflicting government objectives
ย
Indianapolis JLL Employment Update - November 2015
Indianapolis JLL Employment Update - November 2015
ย
GENC3003 Week 5 Superannuation Pt 5
GENC3003 Week 5 Superannuation Pt 5
ย
Itโs the economy stupid
Itโs the economy stupid
ย
Townsend 2016 Spring NL (2)
Townsend 2016 Spring NL (2)
ย
Eco 203 week 5 dq 2 output vs. workers
Eco 203 week 5 dq 2 output vs. workers
ย
Child Poverty in the UK
Child Poverty in the UK
ย
2017 Arizona Economic Update & Outlook
2017 Arizona Economic Update & Outlook
ย
Family Finances report - Dec 2014
Family Finances report - Dec 2014
ย
Securing A Brighter Future: A Social Security Roadmap
Securing A Brighter Future: A Social Security Roadmap
ย
Similar to Macro 10
Macro 7
Macro 7
Gale Pooley
ย
Macro 13
Macro 13
Gale Pooley
ย
Macro 9.pdf
Macro 9.pdf
GalePooley1
ย
Macro 10
Macro 10
Gale Pooley
ย
Macro 10
Macro 10
Gale Pooley
ย
Lecture 13 unemployment
Lecture 13 unemployment
Gale Pooley
ย
Employment and Unemployment
Employment and Unemployment
YanaFarah
ย
Macro 9
Macro 9
Gale Pooley
ย
Macro 10
Macro 10
Gale Pooley
ย
Macro 10
Macro 10
Gale Pooley
ย
Doug Duncan, Fannie Mae Chief Economist, Presentation at SJREI
Doug Duncan, Fannie Mae Chief Economist, Presentation at SJREI
sjreiassociation
ย
Final min wage_slides_-_no_embargo
Final min wage_slides_-_no_embargo
denise1960
ย
unemployment-inflation causes consequences.ppt
unemployment-inflation causes consequences.ppt
noufal51
ย
Annual Meeting Presentation 2019
Annual Meeting Presentation 2019
Employers Association of New Jersey
ย
Macro 9
Macro 9
Gale Pooley
ย
The Economic Case for Raising the Minimum Wage
The Economic Case for Raising the Minimum Wage
Obama White House
ย
USA Economy today.pptx
USA Economy today.pptx
CarolH7
ย
Chap006 4 (2010)
Chap006 4 (2010)
bnorman2
ย
Employment unemployment
Employment unemployment
mattbentley34
ย
Employment unemployment
Employment unemployment
Matthew Bentley
ย
Similar to Macro 10
(20)
Macro 7
Macro 7
ย
Macro 13
Macro 13
ย
Macro 9.pdf
Macro 9.pdf
ย
Macro 10
Macro 10
ย
Macro 10
Macro 10
ย
Lecture 13 unemployment
Lecture 13 unemployment
ย
Employment and Unemployment
Employment and Unemployment
ย
Macro 9
Macro 9
ย
Macro 10
Macro 10
ย
Macro 10
Macro 10
ย
Doug Duncan, Fannie Mae Chief Economist, Presentation at SJREI
Doug Duncan, Fannie Mae Chief Economist, Presentation at SJREI
ย
Final min wage_slides_-_no_embargo
Final min wage_slides_-_no_embargo
ย
unemployment-inflation causes consequences.ppt
unemployment-inflation causes consequences.ppt
ย
Annual Meeting Presentation 2019
Annual Meeting Presentation 2019
ย
Macro 9
Macro 9
ย
The Economic Case for Raising the Minimum Wage
The Economic Case for Raising the Minimum Wage
ย
USA Economy today.pptx
USA Economy today.pptx
ย
Chap006 4 (2010)
Chap006 4 (2010)
ย
Employment unemployment
Employment unemployment
ย
Employment unemployment
Employment unemployment
ย
More from Gale Pooley
The Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdf
Gale Pooley
ย
The Economic History of the U.S. Lecture 28.pdf
The Economic History of the U.S. Lecture 28.pdf
Gale Pooley
ย
The Economic History of the U.S. Lecture 26.pdf
The Economic History of the U.S. Lecture 26.pdf
Gale Pooley
ย
The Economic History of the U.S. Lecture 25.pdf
The Economic History of the U.S. Lecture 25.pdf
Gale Pooley
ย
The Economic History of the U.S. Lecture 23.pdf
The Economic History of the U.S. Lecture 23.pdf
Gale Pooley
ย
The Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdf
Gale Pooley
ย
The Economic History of the U.S. Lecture 21.pdf
The Economic History of the U.S. Lecture 21.pdf
Gale Pooley
ย
The Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdf
Gale Pooley
ย
The Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdf
Gale Pooley
ย
The Economic History of the U.S. Lecture 18.pdf
The Economic History of the U.S. Lecture 18.pdf
Gale Pooley
ย
The Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdf
Gale Pooley
ย
Economic History of the U.S. Lecture 16.pdf
Economic History of the U.S. Lecture 16.pdf
Gale Pooley
ย
Units States Economic History Lecture 15
Units States Economic History Lecture 15
Gale Pooley
ย
Economic History of the United States - Lecture 9
Economic History of the United States - Lecture 9
Gale Pooley
ย
Econ 1740 Economic History of the U.S. Lecture 7
Econ 1740 Economic History of the U.S. Lecture 7
Gale Pooley
ย
Economic History of the United States - Lecture 4
Economic History of the United States - Lecture 4
Gale Pooley
ย
Economic History of the United States - Lecture 4
Economic History of the United States - Lecture 4
Gale Pooley
ย
Economic History of the United States - Lecture 2
Economic History of the United States - Lecture 2
Gale Pooley
ย
Economic History of the United States - Lecture 1
Economic History of the United States - Lecture 1
Gale Pooley
ย
Economic History of the United States - Lecture 3
Economic History of the United States - Lecture 3
Gale Pooley
ย
More from Gale Pooley
(20)
The Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdf
ย
The Economic History of the U.S. Lecture 28.pdf
The Economic History of the U.S. Lecture 28.pdf
ย
The Economic History of the U.S. Lecture 26.pdf
The Economic History of the U.S. Lecture 26.pdf
ย
The Economic History of the U.S. Lecture 25.pdf
The Economic History of the U.S. Lecture 25.pdf
ย
The Economic History of the U.S. Lecture 23.pdf
The Economic History of the U.S. Lecture 23.pdf
ย
The Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdf
ย
The Economic History of the U.S. Lecture 21.pdf
The Economic History of the U.S. Lecture 21.pdf
ย
The Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdf
ย
The Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdf
ย
The Economic History of the U.S. Lecture 18.pdf
The Economic History of the U.S. Lecture 18.pdf
ย
The Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdf
ย
Economic History of the U.S. Lecture 16.pdf
Economic History of the U.S. Lecture 16.pdf
ย
Units States Economic History Lecture 15
Units States Economic History Lecture 15
ย
Economic History of the United States - Lecture 9
Economic History of the United States - Lecture 9
ย
Econ 1740 Economic History of the U.S. Lecture 7
Econ 1740 Economic History of the U.S. Lecture 7
ย
Economic History of the United States - Lecture 4
Economic History of the United States - Lecture 4
ย
Economic History of the United States - Lecture 4
Economic History of the United States - Lecture 4
ย
Economic History of the United States - Lecture 2
Economic History of the United States - Lecture 2
ย
Economic History of the United States - Lecture 1
Economic History of the United States - Lecture 1
ย
Economic History of the United States - Lecture 3
Economic History of the United States - Lecture 3
ย
Recently uploaded
VIP Kalyan Call Girls ๐ 9920725232 ๐ Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls ๐ 9920725232 ๐ Make Your Dreams Come True With Mumbai E...
roshnidevijkn ( Why You Choose Us? ) Escorts
ย
Vip Call US ๐ 7738631006 โ Call Girls In Sakinaka ( Mumbai )
Vip Call US ๐ 7738631006 โ Call Girls In Sakinaka ( Mumbai )
Pooja Nehwal
ย
CBD Belapur Expensive Housewife Call Girls Number-๐๐9833754194 No 1 Vipp HIgh...
CBD Belapur Expensive Housewife Call Girls Number-๐๐9833754194 No 1 Vipp HIgh...
priyasharma62062
ย
Top Rated Pune Call Girls Viman Nagar โ 6297143586 โ Call Me For Genuine Sex...
Top Rated Pune Call Girls Viman Nagar โ 6297143586 โ Call Me For Genuine Sex...
Call Girls in Nagpur High Profile
ย
20240419-SMC-submission-Annual-Superannuation-Performance-Test-โ-design-optio...
20240419-SMC-submission-Annual-Superannuation-Performance-Test-โ-design-optio...
Henry Tapper
ย
Bandra High Profile Sexy Call Girls,9833754194-Khar Road Speciality Call Girl...
Bandra High Profile Sexy Call Girls,9833754194-Khar Road Speciality Call Girl...
priyasharma62062
ย
Call Girls Service Pune โน7.5k Pick Up & Drop With Cash Payment 9352852248 Cal...
Call Girls Service Pune โน7.5k Pick Up & Drop With Cash Payment 9352852248 Cal...
roshnidevijkn ( Why You Choose Us? ) Escorts
ย
(Vedika) Low Rate Call Girls in Pune Call Now 8250077686 Pune Escorts 24x7
(Vedika) Low Rate Call Girls in Pune Call Now 8250077686 Pune Escorts 24x7
Call Girls in Nagpur High Profile Call Girls
ย
VIP Call Girl Service Andheri West โก 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West โก 9920725232 What It Takes To Be The Best ...
dipikadinghjn ( Why You Choose Us? ) Escorts
ย
Best VIP Call Girls Morni Hills Just Click Me 6367492432
Best VIP Call Girls Morni Hills Just Click Me 6367492432
motiram463
ย
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
priyasharma62062
ย
Stock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdf
Michael Silva
ย
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
Call Girls in Nagpur High Profile
ย
VIP Call Girl in Mumbai Central ๐ง 9920725232 ( Call Me ) Get A New Crush Ever...
VIP Call Girl in Mumbai Central ๐ง 9920725232 ( Call Me ) Get A New Crush Ever...
dipikadinghjn ( Why You Choose Us? ) Escorts
ย
Call Girls Rajgurunagar Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Rajgurunagar Call Me 7737669865 Budget Friendly No Advance Booking
roncy bisnoi
ย
Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...
Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...
priyasharma62062
ย
Top Rated Pune Call Girls Shikrapur โ 6297143586 โ Call Me For Genuine Sex S...
Top Rated Pune Call Girls Shikrapur โ 6297143586 โ Call Me For Genuine Sex S...
Call Girls in Nagpur High Profile
ย
VIP Independent Call Girls in Bandra West ๐น 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West ๐น 9920725232 ( Call Me ) Mumbai Esc...
dipikadinghjn ( Why You Choose Us? ) Escorts
ย
Top Rated Pune Call Girls Sinhagad Road โ 6297143586 โ Call Me For Genuine S...
Top Rated Pune Call Girls Sinhagad Road โ 6297143586 โ Call Me For Genuine S...
Call Girls in Nagpur High Profile
ย
( Jasmin ) Top VIP Escorts Service Dindigul ๐ง 7737669865 ๐ง by Dindigul Call G...
( Jasmin ) Top VIP Escorts Service Dindigul ๐ง 7737669865 ๐ง by Dindigul Call G...
dipikadinghjn ( Why You Choose Us? ) Escorts
ย
Recently uploaded
(20)
VIP Kalyan Call Girls ๐ 9920725232 ๐ Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls ๐ 9920725232 ๐ Make Your Dreams Come True With Mumbai E...
ย
Vip Call US ๐ 7738631006 โ Call Girls In Sakinaka ( Mumbai )
Vip Call US ๐ 7738631006 โ Call Girls In Sakinaka ( Mumbai )
ย
CBD Belapur Expensive Housewife Call Girls Number-๐๐9833754194 No 1 Vipp HIgh...
CBD Belapur Expensive Housewife Call Girls Number-๐๐9833754194 No 1 Vipp HIgh...
ย
Top Rated Pune Call Girls Viman Nagar โ 6297143586 โ Call Me For Genuine Sex...
Top Rated Pune Call Girls Viman Nagar โ 6297143586 โ Call Me For Genuine Sex...
ย
20240419-SMC-submission-Annual-Superannuation-Performance-Test-โ-design-optio...
20240419-SMC-submission-Annual-Superannuation-Performance-Test-โ-design-optio...
ย
Bandra High Profile Sexy Call Girls,9833754194-Khar Road Speciality Call Girl...
Bandra High Profile Sexy Call Girls,9833754194-Khar Road Speciality Call Girl...
ย
Call Girls Service Pune โน7.5k Pick Up & Drop With Cash Payment 9352852248 Cal...
Call Girls Service Pune โน7.5k Pick Up & Drop With Cash Payment 9352852248 Cal...
ย
(Vedika) Low Rate Call Girls in Pune Call Now 8250077686 Pune Escorts 24x7
(Vedika) Low Rate Call Girls in Pune Call Now 8250077686 Pune Escorts 24x7
ย
VIP Call Girl Service Andheri West โก 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West โก 9920725232 What It Takes To Be The Best ...
ย
Best VIP Call Girls Morni Hills Just Click Me 6367492432
Best VIP Call Girls Morni Hills Just Click Me 6367492432
ย
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
ย
Stock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdf
ย
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
ย
VIP Call Girl in Mumbai Central ๐ง 9920725232 ( Call Me ) Get A New Crush Ever...
VIP Call Girl in Mumbai Central ๐ง 9920725232 ( Call Me ) Get A New Crush Ever...
ย
Call Girls Rajgurunagar Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Rajgurunagar Call Me 7737669865 Budget Friendly No Advance Booking
ย
Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...
Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...
ย
Top Rated Pune Call Girls Shikrapur โ 6297143586 โ Call Me For Genuine Sex S...
Top Rated Pune Call Girls Shikrapur โ 6297143586 โ Call Me For Genuine Sex S...
ย
VIP Independent Call Girls in Bandra West ๐น 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West ๐น 9920725232 ( Call Me ) Mumbai Esc...
ย
Top Rated Pune Call Girls Sinhagad Road โ 6297143586 โ Call Me For Genuine S...
Top Rated Pune Call Girls Sinhagad Road โ 6297143586 โ Call Me For Genuine S...
ย
( Jasmin ) Top VIP Escorts Service Dindigul ๐ง 7737669865 ๐ง by Dindigul Call G...
( Jasmin ) Top VIP Escorts Service Dindigul ๐ง 7737669865 ๐ง by Dindigul Call G...
ย
Macro 10
1.
2.
Lecture 10 Macroeconomics Chapter
10-11
3.
Quiz 1.You have two
offers: A. $100 in 5 years B. $200 in 10 years Your opportunity rate is 10%. What is your choice and Why? 2. Unemployment is 7.5% and there are 600 people in the labor force. How many are employed?
4.
Labor Force Adults 16+
who have jobs or are looking for jobs. Employed + Unemployed
5.
Labor Force Participation Rate The
percent of the Adult Population that is in the Labor Force
6.
7.
1945 1950 1955
1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 Year 0N 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 Year 0 20 40 60 Shareofthecivilianlaborforce(%) Men Women
8.
Employed paid employees work in
own business unpaid workers in family business full-time and part-time jobs but temporary absence
9.
Unemployed not employed available tried to
find a job in the last four weeks waiting to be recalled from layoff
10.
Unemployment Rate Unemployed รท Labor Force
11.
16+ 79% Under 16 21% U.S Population millions
% Under 16 66 21% 16+ 254 79% Total 320 100%
12.
Unemployed 7.7 million 3% Employed
152.3 million 60% Not in Labor Force 94 million 37% Adult Population
13.
Unemployed 7.7 million 5% Employed
152.3 million 95% Labor Force
14.
millions % Population % Adults % Labor Force Population 320
100% Age under 16 66 20% Age 16+ 254 80% 100% Not in Labor Force 94 30% 37% In Labor Force 160 50% 63% 100% Employed 152.3 47.6% 60% 95.2% Unemployed 7.7 2.4% 3% 4.8%
15.
Problems Overstate - Above
actual Cash workers Understate - Below actual Discouraged workers
16.
Natural Rate of Unemployment The
normal rate of unemployment around which the unemployment rate fluctuates
17.
Cyclical Unemployment The deviation of unemployment
from its natural rate
18.
Three Types of Unemployment Frictional Seasonal Structural
19.
Frictional Unemployment Time to find
a new job
20.
Seasonal Unemployment Demand changes with the
season
21.
Structural Unemployment Too many workers Change
in Demand
22.
23.
24.
What kind of unemployment is
caused by smartphones?
25.
Structural Unemployment Creative Destruction 10% a year
26.
Unemployment Insurance Government program to provide
income when workers become unemployed
27.
Unemployment Insurance Unintended Consequence Moral Hazard May
prolong unemployment
28.
Minimum Wage Laws Government
sets a minimum wage that can legally be paid Price Floor
29.
$0 $5 $10 $15 $20 0 10 20
30 40 50 60 Supply Demand Wage Workers Equilibrium Wage 30 workers 30 jobs no unemployment Minimum Wage 40 workers 20 jobs 20 unemployed workers Minimum Wage 20 workers get a raise 10 workers lose job 10 new unemployed workers Minimum Wage
30.
Labor Union Worker association
that negotiates with employers over wages, benefits, and conditions
31.
Labor Union One contract Strike Conflict
between workers
32.
Ef๏ฌciency Wages Higher wages
make more productive employees
33.
Ef๏ฌciency Wages Employee Wage
Pizzas Productivity Wage per Pizza Bob $10 5 $2.00 Bill $20 12 $1.67
34.
Ef๏ฌciency Wages More Healthy Lower
Turnover Higher Quality More Effort
Download now