Thursday, March 20, 2014

Unemployment

March 20th, 2014


1) Passed back tests- reviewed questions
2) Inflation/Unemployment
3) Started Unemployment reading & Questions

Homework: Finish reading and Questions:

1.How does the government determine the unemployment rate?
2.What is a discouraged worker?
3.When does the demand for labor decline?
4.What could happen if a firm reduces wages?
1.What do firms prefer to do?
5.What types of social behaviors occur because of unemployment?
6.What was the unemployment rate in 2010?
7.What are the two categories of unemployment? How are they different?
8.The government has two main tools for encouraging spending what are they?  How are they different?
9.What are minimum wages in Europe compared to the US?  

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