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Chapter 9 Unemployment and Inflation

Chapter 9 Unemployment and Inflation - 91...

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  9-1    Natural Rate of Unemployment Types of Unemployment o Frictional Unemployment o Structural Unemployment o Seasonal Unemployment o Cyclical Unemployment
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  9-2    How is Unemployment Measured? o Labour Force Survey determines: o Labour Force (LF): o Unemployment Rate (UR): o Participation Rate (PR)
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  9-3    o See sample Labour Force Survey on UW-ACE Characteristics of the Unemployed o Geography o Industry o Age o Education o Is Unemployment Measured Correctly?
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  9-4    o Discuss
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  9-5    Diagram 1: Equilibrium in the Labour Market W L 0 LS LD L E 0 W 0
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  9-6    Diagram 2:  Shifts in the Labour Demand Curve W LS LD 0 E 0 W 0 L 0 L
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  9-7    Diagram 3:  Shifts in the Labour Supply Curve W LS 0 LD E 0 W 0 L 0 L
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  9-8      Diagram 4:  Cyclical Unemployment W LS LD 0 E 0 W 0 L 0 L 1 A L A
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  9-9    Long-Run Equilibrium Unemployment o Two types:
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  9-10    Other Factors Affecting the Labour Market & Unemployment Diagram 5: Minimum Wage Laws W LS LD W 0 E * L 0 L MIN
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