This article introduces The Phillips Curve which shows the relationship between unemployment and the rate of change in wages.
Posts tagged as “unemployment”
This article describes in details counter unemployment policies as well as evaluates methods that governments can use to combat unemployment.
This article is about costs and benefits of unemployment. Effects, both negative and positive, of unemployment, and natural rate of unemployment.
This article defines consumption and saving as well as introduces The Average Propensity to Consume (APC) and The Marginal Propensity to Consume (MPC).
This article highlights the area of macroeconomics. Basic concepts of macroeconomics: economic growth, unemployment, inflation and trade balance.
In fact, different types of unemployment are caused by many different factors, with some of them even caused by more than one factor. Let’s take a look in details.
Unemployment exists when people who are willing and able to work cannot find a job. Specifically, there are seven different types of unemployment.
Another important government economic objective is to keep low unemployment in the country to maintain and improve the country’s economic status.
The country’s economy usually does not grow at the steady and constant rate, but tends to grow at different rates over time which leads to The Business Cycle.