Enviar búsqueda
Cargar
Ppt econ 9e_one_click_ch29
•
Descargar como PPT, PDF
•
4 recomendaciones
•
978 vistas
Muhammad Attique Shah
Seguir
Economics book slide Case and Fair a good path to learn basics of economics
Leer menos
Leer más
Empresariales
Denunciar
Compartir
Denunciar
Compartir
1 de 31
Descargar ahora
Recomendados
Chapter 3 MIS
Chapter 3 MIS
Amirul Shafiq Ahmad Zuperi
MIS-CH15: Managing Global Systems
MIS-CH15: Managing Global Systems
Sukanya Ben
Chapter 01 Information systems in global business today
Chapter 01 Information systems in global business today
Van Chau
Laudon Ch09
Laudon Ch09
Riju Nair
MIS-CH01: IS in Business Today
MIS-CH01: IS in Business Today
Sukanya Ben
Achieving operational excellence and customer intimacy
Achieving operational excellence and customer intimacy
Prof. Othman Alsalloum
Chapter02
Chapter02
Denish Vaniyawala
Laudon Ch10
Laudon Ch10
Riju Nair
Recomendados
Chapter 3 MIS
Chapter 3 MIS
Amirul Shafiq Ahmad Zuperi
MIS-CH15: Managing Global Systems
MIS-CH15: Managing Global Systems
Sukanya Ben
Chapter 01 Information systems in global business today
Chapter 01 Information systems in global business today
Van Chau
Laudon Ch09
Laudon Ch09
Riju Nair
MIS-CH01: IS in Business Today
MIS-CH01: IS in Business Today
Sukanya Ben
Achieving operational excellence and customer intimacy
Achieving operational excellence and customer intimacy
Prof. Othman Alsalloum
Chapter02
Chapter02
Denish Vaniyawala
Laudon Ch10
Laudon Ch10
Riju Nair
Daniels ib15inppt 03
Daniels ib15inppt 03
Moises Cielak
Laudon mis14 ch02
Laudon mis14 ch02
Rizwanah Parwin
MIS-CH04: Ethical and Social Issues in INformation Systems
MIS-CH04: Ethical and Social Issues in INformation Systems
Sukanya Ben
Information Systems in Global Business Today
Information Systems in Global Business Today
tvto1381
Laudon mis12 ppt03
Laudon mis12 ppt03
Faisal14H
MIS Chapter 4
MIS Chapter 4
Dr. Muath Asmar
MIS-CH08: Securing Information Systems
MIS-CH08: Securing Information Systems
Sukanya Ben
MIS Chapter 2
MIS Chapter 2
Dr. Muath Asmar
Daniels ib15inppt 04
Daniels ib15inppt 04
Moises Cielak
Chapter 4 MIS
Chapter 4 MIS
Amirul Shafiq Ahmad Zuperi
MIS Chapter 3
MIS Chapter 3
Dr. Muath Asmar
M05 rugm 6563_05_ppw_ch05
M05 rugm 6563_05_ppw_ch05
Misbah Durrani
MIS-CH01: Information Systems, Organization, and Strategy
MIS-CH01: Information Systems, Organization, and Strategy
Sukanya Ben
Chapter 4 ethical and social issues in information systems
Chapter 4 ethical and social issues in information systems
Van Chau
Ch 4 managing in a global environment
Ch 4 managing in a global environment
Nardin A
MIS-CH02: Global e-Business and Collaboration
MIS-CH02: Global e-Business and Collaboration
Sukanya Ben
Daniels ib13 01
Daniels ib13 01
PRANAV GHANSHYAMBHAI BRAHMBHATT
Management Information Systems - Chapter 3
Management Information Systems - Chapter 3
Joel Briza
MIS-CH11: Managing Knowledge
MIS-CH11: Managing Knowledge
Sukanya Ben
MIS-CH14: Managing Projects
MIS-CH14: Managing Projects
Sukanya Ben
Ppt econ 9e_one_click_ch16
Ppt econ 9e_one_click_ch16
Muhammad Attique Shah
Dear ISFiT ambassador
Dear ISFiT ambassador
Muhammad Attique Shah
Más contenido relacionado
La actualidad más candente
Daniels ib15inppt 03
Daniels ib15inppt 03
Moises Cielak
Laudon mis14 ch02
Laudon mis14 ch02
Rizwanah Parwin
MIS-CH04: Ethical and Social Issues in INformation Systems
MIS-CH04: Ethical and Social Issues in INformation Systems
Sukanya Ben
Information Systems in Global Business Today
Information Systems in Global Business Today
tvto1381
Laudon mis12 ppt03
Laudon mis12 ppt03
Faisal14H
MIS Chapter 4
MIS Chapter 4
Dr. Muath Asmar
MIS-CH08: Securing Information Systems
MIS-CH08: Securing Information Systems
Sukanya Ben
MIS Chapter 2
MIS Chapter 2
Dr. Muath Asmar
Daniels ib15inppt 04
Daniels ib15inppt 04
Moises Cielak
Chapter 4 MIS
Chapter 4 MIS
Amirul Shafiq Ahmad Zuperi
MIS Chapter 3
MIS Chapter 3
Dr. Muath Asmar
M05 rugm 6563_05_ppw_ch05
M05 rugm 6563_05_ppw_ch05
Misbah Durrani
MIS-CH01: Information Systems, Organization, and Strategy
MIS-CH01: Information Systems, Organization, and Strategy
Sukanya Ben
Chapter 4 ethical and social issues in information systems
Chapter 4 ethical and social issues in information systems
Van Chau
Ch 4 managing in a global environment
Ch 4 managing in a global environment
Nardin A
MIS-CH02: Global e-Business and Collaboration
MIS-CH02: Global e-Business and Collaboration
Sukanya Ben
Daniels ib13 01
Daniels ib13 01
PRANAV GHANSHYAMBHAI BRAHMBHATT
Management Information Systems - Chapter 3
Management Information Systems - Chapter 3
Joel Briza
MIS-CH11: Managing Knowledge
MIS-CH11: Managing Knowledge
Sukanya Ben
MIS-CH14: Managing Projects
MIS-CH14: Managing Projects
Sukanya Ben
La actualidad más candente
(20)
Daniels ib15inppt 03
Daniels ib15inppt 03
Laudon mis14 ch02
Laudon mis14 ch02
MIS-CH04: Ethical and Social Issues in INformation Systems
MIS-CH04: Ethical and Social Issues in INformation Systems
Information Systems in Global Business Today
Information Systems in Global Business Today
Laudon mis12 ppt03
Laudon mis12 ppt03
MIS Chapter 4
MIS Chapter 4
MIS-CH08: Securing Information Systems
MIS-CH08: Securing Information Systems
MIS Chapter 2
MIS Chapter 2
Daniels ib15inppt 04
Daniels ib15inppt 04
Chapter 4 MIS
Chapter 4 MIS
MIS Chapter 3
MIS Chapter 3
M05 rugm 6563_05_ppw_ch05
M05 rugm 6563_05_ppw_ch05
MIS-CH01: Information Systems, Organization, and Strategy
MIS-CH01: Information Systems, Organization, and Strategy
Chapter 4 ethical and social issues in information systems
Chapter 4 ethical and social issues in information systems
Ch 4 managing in a global environment
Ch 4 managing in a global environment
MIS-CH02: Global e-Business and Collaboration
MIS-CH02: Global e-Business and Collaboration
Daniels ib13 01
Daniels ib13 01
Management Information Systems - Chapter 3
Management Information Systems - Chapter 3
MIS-CH11: Managing Knowledge
MIS-CH11: Managing Knowledge
MIS-CH14: Managing Projects
MIS-CH14: Managing Projects
Destacado
Ppt econ 9e_one_click_ch16
Ppt econ 9e_one_click_ch16
Muhammad Attique Shah
Dear ISFiT ambassador
Dear ISFiT ambassador
Muhammad Attique Shah
Ppt econ 9e_one_click_ch30
Ppt econ 9e_one_click_ch30
Muhammad Attique Shah
Ppt econ 9e_one_click_ch35
Ppt econ 9e_one_click_ch35
Muhammad Attique Shah
Ppt econ 9e_one_click_ch28
Ppt econ 9e_one_click_ch28
Muhammad Attique Shah
Ppt econ 9e_one_click_ch32
Ppt econ 9e_one_click_ch32
Muhammad Attique Shah
Ppt econ 9e_one_click_ch18
Ppt econ 9e_one_click_ch18
Muhammad Attique Shah
Ppt econ 9e_one_click_ch31
Ppt econ 9e_one_click_ch31
Muhammad Attique Shah
Ppt econ 9e_one_click_ch33
Ppt econ 9e_one_click_ch33
Muhammad Attique Shah
Ppt econ 9e_one_click_ch22
Ppt econ 9e_one_click_ch22
Muhammad Attique Shah
Ppt econ 9e_one_click_ch23
Ppt econ 9e_one_click_ch23
Muhammad Attique Shah
Ppt econ 9e_one_click_ch09
Ppt econ 9e_one_click_ch09
Muhammad Attique Shah
Ppt econ 9e_one_click_ch06
Ppt econ 9e_one_click_ch06
Muhammad Attique Shah
Ppt econ 9e_one_click_ch20
Ppt econ 9e_one_click_ch20
Muhammad Attique Shah
Ppt econ 9e_one_click_ch25
Ppt econ 9e_one_click_ch25
Muhammad Attique Shah
Ppt econ 9e_one_click_ch24
Ppt econ 9e_one_click_ch24
Muhammad Attique Shah
Ppt econ 9e_one_click_ch27
Ppt econ 9e_one_click_ch27
Muhammad Attique Shah
Ppt econ 9e_one_click_ch21
Ppt econ 9e_one_click_ch21
Muhammad Attique Shah
Household Behavior and Consumer Choice
Household Behavior and Consumer Choice
Noel Buensuceso
The Scope and Method of Economics
The Scope and Method of Economics
Noel Buensuceso
Destacado
(20)
Ppt econ 9e_one_click_ch16
Ppt econ 9e_one_click_ch16
Dear ISFiT ambassador
Dear ISFiT ambassador
Ppt econ 9e_one_click_ch30
Ppt econ 9e_one_click_ch30
Ppt econ 9e_one_click_ch35
Ppt econ 9e_one_click_ch35
Ppt econ 9e_one_click_ch28
Ppt econ 9e_one_click_ch28
Ppt econ 9e_one_click_ch32
Ppt econ 9e_one_click_ch32
Ppt econ 9e_one_click_ch18
Ppt econ 9e_one_click_ch18
Ppt econ 9e_one_click_ch31
Ppt econ 9e_one_click_ch31
Ppt econ 9e_one_click_ch33
Ppt econ 9e_one_click_ch33
Ppt econ 9e_one_click_ch22
Ppt econ 9e_one_click_ch22
Ppt econ 9e_one_click_ch23
Ppt econ 9e_one_click_ch23
Ppt econ 9e_one_click_ch09
Ppt econ 9e_one_click_ch09
Ppt econ 9e_one_click_ch06
Ppt econ 9e_one_click_ch06
Ppt econ 9e_one_click_ch20
Ppt econ 9e_one_click_ch20
Ppt econ 9e_one_click_ch25
Ppt econ 9e_one_click_ch25
Ppt econ 9e_one_click_ch24
Ppt econ 9e_one_click_ch24
Ppt econ 9e_one_click_ch27
Ppt econ 9e_one_click_ch27
Ppt econ 9e_one_click_ch21
Ppt econ 9e_one_click_ch21
Household Behavior and Consumer Choice
Household Behavior and Consumer Choice
The Scope and Method of Economics
The Scope and Method of Economics
Similar a Ppt econ 9e_one_click_ch29
7.pptx
7.pptx
HiraAftab16
Ppt econ 9e_one_click_ch03
Ppt econ 9e_one_click_ch03
Muhammad Attique Shah
Ppt econ 9e_one_click_ch12
Ppt econ 9e_one_click_ch12
Muhammad Attique Shah
Introduction to macroeconomics
Introduction to macroeconomics
Umair Aslam
PPT_PRS_Econ_CH20_9e.ppt
PPT_PRS_Econ_CH20_9e.ppt
aryfakturrachmanarya
Chapter 7 macro
Chapter 7 macro
MDevSNPT
Ppt econ 9e_one_click_ch13
Ppt econ 9e_one_click_ch13
Muhammad Attique Shah
Ppt prs micro_ch06_9e
Ppt prs micro_ch06_9e
Zeiad Ahmed
Blanchard_Labor market.ppt
Blanchard_Labor market.ppt
LuvSinghal3
topic1introductiontomacroeconomics-130302220706-phpapp01.pptx
topic1introductiontomacroeconomics-130302220706-phpapp01.pptx
HiraAftab16
Ppt econ 9e_one_click_ch17
Ppt econ 9e_one_click_ch17
Muhammad Attique Shah
Ppt econ 9e_one_click_ch14
Ppt econ 9e_one_click_ch14
Muhammad Attique Shah
Ch.6.pdf
Ch.6.pdf
EasyStudy3
Aggregate+Expenditure+and+Equilibrium+Output.ppt
Aggregate+Expenditure+and+Equilibrium+Output.ppt
ghnb
Ppt econ 9e_one_click_ch10
Ppt econ 9e_one_click_ch10
Muhammad Attique Shah
Macro ch 15 bb
Macro ch 15 bb
Barry Ecce Serv
Lecture 15-1.ppt
Lecture 15-1.ppt
UmidJurayev
Ppt econ 9e_one_click_ch02
Ppt econ 9e_one_click_ch02
Muhammad Attique Shah
Measuring unemployment
Measuring unemployment
Marvin Morales
CH 14 UNEMP.pdf
CH 14 UNEMP.pdf
FahadMohamed27
Similar a Ppt econ 9e_one_click_ch29
(20)
7.pptx
7.pptx
Ppt econ 9e_one_click_ch03
Ppt econ 9e_one_click_ch03
Ppt econ 9e_one_click_ch12
Ppt econ 9e_one_click_ch12
Introduction to macroeconomics
Introduction to macroeconomics
PPT_PRS_Econ_CH20_9e.ppt
PPT_PRS_Econ_CH20_9e.ppt
Chapter 7 macro
Chapter 7 macro
Ppt econ 9e_one_click_ch13
Ppt econ 9e_one_click_ch13
Ppt prs micro_ch06_9e
Ppt prs micro_ch06_9e
Blanchard_Labor market.ppt
Blanchard_Labor market.ppt
topic1introductiontomacroeconomics-130302220706-phpapp01.pptx
topic1introductiontomacroeconomics-130302220706-phpapp01.pptx
Ppt econ 9e_one_click_ch17
Ppt econ 9e_one_click_ch17
Ppt econ 9e_one_click_ch14
Ppt econ 9e_one_click_ch14
Ch.6.pdf
Ch.6.pdf
Aggregate+Expenditure+and+Equilibrium+Output.ppt
Aggregate+Expenditure+and+Equilibrium+Output.ppt
Ppt econ 9e_one_click_ch10
Ppt econ 9e_one_click_ch10
Macro ch 15 bb
Macro ch 15 bb
Lecture 15-1.ppt
Lecture 15-1.ppt
Ppt econ 9e_one_click_ch02
Ppt econ 9e_one_click_ch02
Measuring unemployment
Measuring unemployment
CH 14 UNEMP.pdf
CH 14 UNEMP.pdf
Más de Muhammad Attique Shah
Constitutional development of pakistan since 1947 to the (1)
Constitutional development of pakistan since 1947 to the (1)
Muhammad Attique Shah
Ppt econ 9e_one_click_ch19
Ppt econ 9e_one_click_ch19
Muhammad Attique Shah
Ppt econ 9e_one_click_ch15
Ppt econ 9e_one_click_ch15
Muhammad Attique Shah
Ppt econ 9e_one_click_ch11
Ppt econ 9e_one_click_ch11
Muhammad Attique Shah
Ppt econ 9e_one_click_ch08
Ppt econ 9e_one_click_ch08
Muhammad Attique Shah
Ppt econ 9e_one_click_ch07
Ppt econ 9e_one_click_ch07
Muhammad Attique Shah
Ppt econ 9e_one_click_ch05
Ppt econ 9e_one_click_ch05
Muhammad Attique Shah
Más de Muhammad Attique Shah
(7)
Constitutional development of pakistan since 1947 to the (1)
Constitutional development of pakistan since 1947 to the (1)
Ppt econ 9e_one_click_ch19
Ppt econ 9e_one_click_ch19
Ppt econ 9e_one_click_ch15
Ppt econ 9e_one_click_ch15
Ppt econ 9e_one_click_ch11
Ppt econ 9e_one_click_ch11
Ppt econ 9e_one_click_ch08
Ppt econ 9e_one_click_ch08
Ppt econ 9e_one_click_ch07
Ppt econ 9e_one_click_ch07
Ppt econ 9e_one_click_ch05
Ppt econ 9e_one_click_ch05
Último
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
ashishs7044
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
ashishs7044
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.
Anamaria Contreras
Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...
Americas Got Grants
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdf
Jos Voskuil
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
ashishs7044
Kenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby Africa
ictsugar
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!
Doge Mining Website
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
mbikashkanyari
Marketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent Chirchir
ictsugar
Financial-Statement-Analysis-of-Coca-cola-Company.pptx
Financial-Statement-Analysis-of-Coca-cola-Company.pptx
saniyaimamuddin
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR
ashishs7044
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
ashishs7044
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03
DallasHaselhorst
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
ictsugar
Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...
Seta Wicaksana
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 Edition
Mintel Group
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
ictsugar
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Perera
ictsugar
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful Business
Seta Wicaksana
Último
(20)
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.
Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdf
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
Kenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby Africa
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
Marketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent Chirchir
Financial-Statement-Analysis-of-Coca-cola-Company.pptx
Financial-Statement-Analysis-of-Coca-cola-Company.pptx
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 Edition
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Perera
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful Business
Ppt econ 9e_one_click_ch29
1.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 1 of 29 PowerPoint Lectures for Principles of Economics, 9e By Karl E. Case, Ray C. Fair & Sharon M. Oster ; ;
2.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 2 of 29
3.
© 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 29 PART V THE CORE OF MACROECONOMIC THEORY The Labor Market In the Macroeconomy Fernando & Yvonn Quijano Prepared by:
4.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 4 of 29 11 The Labor Market: Basic Concepts The Classical View of the Labor Market The Classical Labor Market and the Aggregate Supply Curve The Unemployment Rate and the Classical View Explaining the Existence of Unemployment Sticky Wages Efficiency Wage Theory Imperfect Information Minimum Wage Laws An Open Question The Short-Run Relationship Between the Unemployment Rate and Inflation The Phillips Curve: A Historical Perspective Aggregate Supply and Aggregate Demand Analysis and the Phillips Curve Expectations and the Phillips Curve Is There a Short-Run Trade-Off between Inflation and Unemployment? The Long-Run Aggregate Supply Curve, Potential Output, and the Natural Rate of Unemployment The Nonaccelerating Inflation Rate of Unemployment (NAIRU) Looking Ahead CHAPTER OUTLINE The Labor Market In the Macroeconomy 29 PART V THE CORE OF MACROECONOMIC THEORY
5.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 5 of 29 The Labor Market: Basic Concepts The labor force (LF) is the number of employed plus unemployed: LF = E + U unemployment rate The number of people unemployed as a percentage of the labor force. Unemployment rate = U/LF
6.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 6 of 29 The Labor Market: Basic Concepts frictional unemployment The portion of unemployment that is due to the normal working of the labor market; used to denote short-run job/skill matching problems. structural unemployment The portion of unemployment that is due to changes in the structure of the economy that result in a significant loss of jobs in certain industries. cyclical unemployment The increase in unemployment that occurs during recessions and depressions.
7.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 7 of 29 The Classical View of the Labor Market labor demand curve A graph that illustrates the amount of labor that firms want to employ at each given wage rate. labor supply curve A graph that illustrates the amount of labor that households want to supply at each given wage rate.
8.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 8 of 29 The Classical View of the Labor Market Classical economists believe that the labor market always clears. If the demand for labor shifts from D0 to D1, the equilibrium wage will fall from W0 to W1. Anyone who wants a job at W1 will have one. FIGURE 29.1 The Classical Labor Market
9.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 9 of 29 The Classical View of the Labor Market The Classical Labor Market and the Aggregate Supply Curve The classical idea that wages adjust to clear the labor market is consistent with the view that wages respond quickly to price changes. This means that the AS curve is vertical. When the AS curve is vertical, monetary and fiscal policy cannot affect the level of output and employment in the economy.
10.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 10 of 29 The Classical View of the Labor Market The Unemployment Rate and the Classical View The unemployment rate is not necessarily an accurate indicator of whether the labor market is working properly. The measured unemployment rate may sometimes seem high even though the labor market is working well.
11.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 11 of 29 Explaining the Existence of Unemployment Sticky Wages sticky wages The downward rigidity of wages as an explanation for the existence of unemployment. If wages “stick” at W0 instead of falling to the new equilibrium wage of W* following a shift of demand from D0 to D1, the result will be unemployment equal to L0 - L1. FIGURE 29.2 Sticky Wages
12.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 12 of 29 Explaining the Existence of Unemployment Sticky Wages social, or implicit, contracts Unspoken agreements between workers and firms that firms will not cut wages. Social, or Implicit, Contracts relative-wage explanation of unemployment An explanation for sticky wages (and therefore unemployment): If workers are concerned about their wages relative to other workers in other firms and industries, they may be unwilling to accept a wage cut unless they know that all other workers are receiving similar cuts.
13.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 13 of 29 Explaining the Existence of Unemployment Sticky Wages explicit contracts Employment contracts that stipulate workers’ wages, usually for a period of 1 to 3 years. Explicit Contracts cost-of-living adjustments (COLAs) Contract provisions that tie wages to changes in the cost of living. The greater the inflation rate, the more wages are raised.
14.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 14 of 29 Explaining the Existence of Unemployment Sticky Wages Explicit Contracts Graduate School Applications in Recessions Graduate School Offers Relief During Economic Recession Oklahoma Daily (U. Oklahoma)
15.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 15 of 29 Explaining the Existence of Unemployment Efficiency Wage Theory efficiency wage theory An explanation for unemployment that holds that the productivity of workers increases with the wage rate. If this is so, firms may have an incentive to pay wages above the market-clearing rate.
16.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 16 of 29 Explaining the Existence of Unemployment Imperfect Information Firms may not have enough information at their disposal to know what the market-clearing wage is. In this case, firms are said to have imperfect information. If firms have imperfect or incomplete information, they may set wages wrong—wages that do not clear the labor market.
17.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 17 of 29 Explaining the Existence of Unemployment Minimum Wage Laws minimum wage laws Laws that set a floor for wage rates—that is, a minimum hourly rate for any kind of labor. An Open Question The aggregate labor market is very complicated, and there are no simple answers to why there is unemployment.
18.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 18 of 29 The Short-Run Relationship Between the Unemployment Rate and Inflation The AS curve shows a positive relationship between the price level (P) and aggregate output (income) (Y). FIGURE 29.3 The Aggregate Supply Curve In the short run, the unemployment rate (U) and aggregate output (income) (Y) are negatively related.
19.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 19 of 29 The Short-Run Relationship Between the Unemployment Rate and Inflation This curve shows a negative relationship between the price level (P) and the unemployment rate (U). As the unemployment rate declines in response to the economy’s moving closer and closer to capacity output, the price level rises more and more. FIGURE 29.4 The Relationship Between the Price Level and the Unemployment Rate
20.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 20 of 29 The Short-Run Relationship Between the Unemployment Rate and Inflation inflation rate The percentage change in the price level. Phillips Curve A curve showing the relationship between the inflation rate and the unemployment rate.
21.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 21 of 29 The Short-Run Relationship Between the Unemployment Rate and Inflation The Phillips Curve shows the relationship between the inflation rate and the unemployment rate. FIGURE 29.5 The Phillips Curve
22.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 22 of 29 The Short-Run Relationship Between the Unemployment Rate and Inflation During the 1960s, there seemed to be an obvious trade-off between inflation and unemployment. Policy debates during the period revolved around this apparent trade-off. FIGURE 29.6 Unemployment and Inflation, 1960–1969 The Phillips Curve: A Historical Perspective
23.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 23 of 29 The Short-Run Relationship Between the Unemployment Rate and Inflation From the 1970s on, it became clear that the relationship between unemployment and inflation was anything but simple. FIGURE 29.7 Unemployment and Inflation, 1970–2007 The Phillips Curve: A Historical Perspective
24.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 24 of 29 The Short-Run Relationship Between the Unemployment Rate and Inflation Aggregate Supply and Aggregate Demand Analysis and the Phillips Curve FIGURE 29.8 Changes in the Price Level and Aggregate Output Depend on Shifts in Both Aggregate Demand and Aggregate Supply
25.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 25 of 29 The Short-Run Relationship Between the Unemployment Rate and Inflation Aggregate Supply and Aggregate Demand Analysis and the Phillips Curve FIGURE 29.9 The Price of Imports, 1960 I–2007 IV The Role of Import Prices
26.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 26 of 29 The Short-Run Relationship Between the Unemployment Rate and Inflation Expectations and the Phillips Curve Expectations are self-fulfilling. This means that wage inflation is affected by expectations of future price inflation. Price expectations that affect wage contracts eventually affect prices themselves. Inflationary expectations shift the Phillips Curve to the right.
27.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 27 of 29 The Short-Run Relationship Between the Unemployment Rate and Inflation Is There a Short-Run Trade-Off between Inflation and Unemployment? There is a short-run trade-off between inflation and unemployment, but other factors besides unemployment affect inflation. Policy involves more than simply choosing a point along a nice smooth curve.
28.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 28 of 29 The Long-Run Aggregate Supply Curve, Potential Output, and the Natural Rate of Unemployment If the AS curve is vertical in the long run, so is the Phillips Curve. In the long run, the Phillips Curve corresponds to the natural rate of unemployment—that is, the unemployment rate that is consistent with the notion of a fixed long-run output at potential output. U* is the natural rate of unemployment. FIGURE 29.10 The Long-Run Phillips Curve: The Natural Rate of Unemployment
29.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 29 of 29 The Long-Run Aggregate Supply Curve, Potential Output, and the Natural Rate of Unemployment natural rate of unemployment The unemployment that occurs as a normal part of the functioning of the economy. Sometimes taken as the sum of frictional unemployment and structural unemployment.
30.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 30 of 29 The Long-Run Aggregate Supply Curve, Potential Output, and the Natural Rate of Unemployment The Nonaccelerating Inflation Rate of Unemployment (NAIRU) NAIRU The nonaccelerating inflation rate of unemployment. To the left of the NAIRU, the price level is accelerating (positive changes in the inflation rate); to the right of the NAIRU, the price level is decelerating (negative changes in the inflation rate). Only when the unemployment rate is equal to the NAIRU is the price level changing at a constant rate (no change in the inflation rate). FIGURE 29.11 The NAIRU Diagram
31.
CHATheLaborMarketIn © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 31 of 29 cost-of-living adjustments (COLAs) cyclical unemployment efficient wage theory explicit contracts frictional unemployment inflation rate labor demand curve labor supply curve minimum wage laws REVIEW TERMS AND CONCEPTS NAIRU natural rate of unemployment Phillips Curve relative-wage explanation of unemployment social, or implicit, contracts sticky wages structural unemployment unemployment rate
Descargar ahora