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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