Unit 5 Assignment 3: Reflection
I suppose I improved as a writer in small ways but nothing major. Truthfully I prefer to free write and put
down whatever comes to mind. I feel I do much better with an opinion based paper than one I have to do
E C P I, E C ON 201
M R S. M C GE OR GE -AN D E RSO N
Ways to reduce unemployment
Implement a retraining program to reduce the level of frictional and
Increase tax breaks for sm
Running head: REDUCING UNEMPLOYMENT
Joshua A. Goehl
According to the Department of Labor, the unemployment rate in the US is at 5.0% as of
October 2015. (BLS.gov, 2015)
Chapter 12 Key Terms
Business cycle Alternating periods of economic expansion and economic recession.
Consumption Spending by households on goods or services, not including spending on new houses.
Economic growth The ability of an economy to produce incre
Article 6 (11-23-2015)
1. Does this change in China's decision going to positively or negatively impact their
economy? (Explain Why)
It could be both negatively and positively to China. With there being an overpopulation
issue over in that country, it cou
1. Should people accept jobs below their previous employment? (Why or why not?)
I believe it really depends on the individuals situation at the time. Say they have enough savings
to wait for a better job or something similar then they really wouldnt have
Article 5 (11-16-2015)
1. Would these incentives that were discussed in the video work in a college? Why or why not?
I feel like it could work in a college environment. People who are going to college typically
understand that they need to study and pay m
Do you agree with the author?
After reading the article I would have to agree with the points he makes. I dont truly
have much knowledge in this field to really give a well-informed answer as to why I
agree with him. To someone who understands the economi
Who pays the bill?
1. Why dont people recycle just for the environmental benefits?
I think more people dont do it because theres normally nothing in for them. Maybe there is in
the long run indirectly but if it doesnt help them immediately, I dont think p
Article 4 (11-16-2015)
1. Do you agree with the author? Why or why not?
I would agree with the author because he understands the issues because he lives there. He sees
this going on in front of him all the time. He knows how the suburbs degrading creating
Chapter Two Key Terms
Absolute advantage The ability of an individual, a firm, or a country to produce more of a good or
service than competitors, using the same amount of resources.
Circular-flow diagram A model that illustrates how participation in mark
Chapter 17 Key Terms
Contractionary monetary policy The Federal Reserves increasing interest rates to reduce inflation.
Expansionary monetary policy The Federal Reserves decreasing interest rates to increase real GDP.
Federal funds rate The interest rate