how does macroeconomics and unemployment go together?
117324
Unemployment, as explained by my prof, is largely related to the minimum wage.  The higher the minimum wage, the fewer people the companies can afford, the less people hired, the higher the unemployment rate.  The lower the minimum wage, the more people the companies can hire, the lower the unemployment rate.  However, people don't like making $1 an hour because of inflation and rises in the cost of living, and the people will quit working, raising the unemployment rate again.  It's all about the supply and demand for labor and wheather the government has placed a binding floor on the minimum wage. (a binding floor will cause the problem with illegal immigrants: the demand for unskilled labor is lower than the minimum wage, and the companies have taken steps to get around it, using the illegal aliens to avoid the minimum wage.)  The answer to any economics question tends to boil down to supply, demand, and changes in them caused by new factors.
335124
Milton Friedman has made two particularly fundamental contributions to the economic policy debate. They are his work on the "Quantity Theory of Money" and the expectations augmented "Phillips Curve."\n\nFor more information checkout the link below.
17052
These two links are quite comprehensive in their coverage of these terms. \n\nhttp://en.wikipedia.org/wiki/Inflation\nhttp://en.wikipedia.org/wiki/Deflation_%28economics%29
80642
Keynesian economics is one philosiphy of money.  Monetarism theory is the other philosiphy of money.  Monetarists believe there is direct causual relationship between the money supply and economic activity.  Where as Keynisian economics is interest rate oriented.  e.x. If interest rate goes down, Investment goes up, therefore GDP goes up.  Remember that GDP, which is a measure an aggreate measure of our economy, is made up of Consumption, Investment, Government expenditures, and Net exports.  And that Investment is a function of interest, while Consumption is a function of income.
291053
Mizz Britz Im sorry Ive never used a TI 83, so im not going to be of any help on this one. Still I was wondering How´s your Macroeconomics project going. . . ?\n\nif you´re still in a jam, e-mail me \n\nT.
980499
You'd probably also need to consider two other factors, which are labor force growth and inflation.  If you assume that both are 0%, then if GDP growth = productivity growth, unemployment rate (and really total employment) would stay constant
814640
The unemployment line.
476262
Macroeconomics is the economics sub-field of study that considers aggregate behavior, and the study of the sum of individual economic decisions. This is in contrast to microeconomics which is the study of the economic behaviour of individual consumers, firms, and industries.\n\nMacroeconomics can be used to analyze how best to influence government policy goals such as economic growth, price stability, full employment and the attainment of a sustainable balance of payments.\n\nMicroeconomics (literally, very small economics) is a social science which involves study of the economic distribution of production and income among individual consumers, firms, and industries. (Contrast macroeconomics.) It considers individuals both as suppliers of labour and capital and as the ultimate consumers of the final product. It analyzes firms both as suppliers of products and as consumers of labour and capital. It is the study of the behavior of individuals and firms that are using scarce resources. Scarcity refers to the fact that none of us as individuals or companies, can "have it all"—unlimited land, capital, labour, etc.\n\nOne of the goals of the field of microeconomics is to analyze mechanisms and market forces that establish relative prices amongst goods and services and allocate society's resources amongst their many alternative uses.
465841
Population growth and job loses = Higher unemployment. This link provides some background.
1122423
Correct. And people who are employed only part time are still counted as employed.  And people who activly looked for work within 4 weeks prior to the date the rate was counted are considered employed.\nIn 2004 there were 5 million part time workers who wanted to be employed full time  Total (official) unemployment  for Jan 2004 was 8.9 mill.  not included in this number was 4.9 part time workers, and 2 million that had not looked for work in the prior 4 weeks.   if these are added  the unemployment rate would actually be around 10%.  Sufficient to scare the crap out of all americans.  and crating a huge surplus of Labor!
180940
Strong and growing. Thanks to the great fiscal managment of the Government. Monetary policy has been good to.\n\nCheck out the following: GDP and its growth rate, CPI increases, Unemployment rate, Interest rate just to name 4
738233
Yes it is but that does happen sometimes...\n\nThe economy is like a pendulum swaying from side to side. The Fed's job is to try to predict each sway one way or the other. Following their calculations, they make alterations in order to compensate each swing with, of course, the target being the middle of the pendulum.\n\nThe point is that economics is not an exact science and sometimes the Feds get it wrong. Right now, we are seeing a backdraft from too many rate increases. This has happened before btw.\n\nWhen you add in too many rate increases, a declining housing market and oil production decreases, what you are left with is a economy that has slammed on its breaks.\n\nThen on top of all that, we are on the edge of a complete recession once the ripple effect of 4 million jobs moving overseas hits us.
644189
The Unemployment numbers that the government issues are far from accurate, they don't count the people who have finished collecting there unemployment benefits.Most of these people are still unemployed, and can no longer collect benefits. These people are not counted in the governments numbers, and they should be. If these long term unemployed people were counted, the governments unemployment numbers would be substantially higher.\nThe government really knows how to cook the books, to make everything look better than it truly is.\nIf a business kept there books, the way the government does, the business would be prosecuted by the government for fraud.
1140485
It would take a whole course to give you a comprehensive response. You might consider signing up for one at a local college.\n\nMeanwhile, in a nutshell, here's what's happening at this time in the economy: The Fed is always concerned with keeping economic growth at an acceptably high level and keeping the rate of price inflation at an acceptably low level.\n\nWhen the economy gets cooking, the money supply expands (that's actually what inflation is). The business community spends more to satisfy their higher level of business activity, and consumers feel rich so they spend more.\n\nThe US economy has been on a five-year expansion. It's reaching the level where inflation is becoming a serious problem. So the Fed has been raising interest rates to try to keep growth from getting too fast. But consumers have borrowed huge, huge amounts, including in mortgages, so if the Fed "slams on the brakes" too hard by raising interest rates too much, the risk is that a severe recession or worse could set in, triggered by that mountain of debt.\n\nMeanwhile, other economies, especially China and India, have been growing at very high rates. They are gobbling up all of the commodities they can find - oil and gas, lumber, base metals, etc. That adds to inflation.\n\nWe are in the midst of a commodities boom. Mining and energy stocks have come a long way up but have a long way still to go. Many companies have done poorly for several years because they don't operate well in a higher-inflation environment (their costs go up faster than they can raise prices).\n\nThat's a lot of information in one short message. As I said, look into taking an economics course. I was a chemist once, but enrolled in business school and loved every minute of it because of the fascinating and useful things I learned.\n\nBest of success.
568442
If the unemployment rate increased the crime rate would also rise.  The two are highly correlated.  Look at cities with high unemployment rates and compare their crime rates to cities with lower unemployment rates.
405106
Inflation/Deflation, Supply/demand and umm the crazy graphs and curves of demand, supply etc
822028
America.... unemployment 4.7% and falling\nGermany...unemployment over 10% and rising\n\nNot to hard to choose...