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 . (Master PPD & APE, Paris School of Economics). Thomas . Piketty. Academic year 2013-2014 . Lecture . 7. : Optimal taxation of capital. (November 5. th. 2013). . (check . on line. for updated versions). 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. Summer session I. Appendix . ch. 24 + other sources. Macroeconomic Schools of Thought . Philosophical Debates in Economics. Consider a riddle:. “A man and his son are driving to a championship football game. It is late December and the roads are covered with snow. They hit a patch of ice and crash into a telephone pole. An ambulance rushes the son to a nearby hospital and operating room. The doctor walks in and says, “I can’t operate, that’s my son.” How could this be true?”. Anders Forslund. IFAU and Uppsala University. Seminar 2014-10-16, Fighting Youth Unemployment:. Lessons from the Netherlands and Sweden. 1. Introduction. Youth. . unemployment. a . serious. . challenge. Swings in the. Economic Pendulum . Instability in the . Growth . of Real . GDP: 1960-2013. Although real GDP in the . United States has . grown at an average rate of approximately 3%, the growth has been characterized by economic ups-and-downs. . 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.. 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. Swings in the. Economic Pendulum . Instability in the . Growth . of Real . GDP: 1960-2015. Although real GDP in the . United States has . grown at an average rate of approximately 3%, the growth has been characterized by economic ups-and-downs. Indicators. Economic Disasters. Supply-side Economics vs. Keynesianism. Vocabulary. Wednesday. GDP/GNP. Business . Cycles. Expansion. Peak. Recession. Trough. THURSDAY. Unemployment. Frictional. Structural. H. ossein. . a. bdoh. . t. abrizi. June 6, 2015. www.finance.ir. Macroeconomic environment of . iran. Current stagflation situation in Iran. High inflation rate and high volatility. Low GDP per capita growth. for Colombia. Joseph E. Stiglitz. Bogota. November 2009. The Global Context. While the world has pulled back from the precipice and “officially” the recession in the U.S. and much of Europe is over, unemployment is likely to remain high, and growth is likely to remain weak for an extended period of time: a “Japanese-style” malaise. 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 Money and Inflation. Rise in money supply does not equal a rise in Real GDP in the long run, since price level rises as well by the same percentage. Classical Model of Price Level . – Since money supply and price level rise together, the Real Quantity of Money (M/P) stays at the original level. & APE. ). . (. EHESS & Paris . School of Economics). Thomas Piketty. Academic year 2017-2018 . Lecture 8: Normative and intertemporal theories of social and fiscal justice . . (check . on line.