'Sticky wages' presentation slideshows

Welcome to Day 8

Welcome to Day 8. Principles of Macroeconomics. Goals for Today 1) The basics of unemployment. 2) The short-run and long-run in macroeconomics (sticky wages). 3) The natural rate of unemployment. 4) The basics of inflation. Perhaps the most basic thing we want from the economy is a job.

1.46k views • 146 slides

Long-run model of the economy

Long-run model of the economy long-run economic growth--trends grow on average at about 3% per year Short-run model recognizes that we observe lots of fluctuations around the trend Referred to as the Business Cycle Keys facts re. economic fluctuations not regular --not predictable

597 views • 33 slides

Output, Unemployment, & Inflation

481 views • 26 slides

The unemployment rate over the longer run

The unemployment rate over the longer run. Source: Bureau of Labor Statistics ( www.bls.gov ) and NBER. Alternative Measures of Unemployment. Source: Bureau of Labor Statistics (www.bls.gov). Mean duration of unemployment.

283 views • 20 slides

W8A Outline

173 views • 17 slides

Our analysis leads us to believe that recovery is sound only

Freeing up resources from dying to thriving industries. Monetary and fiscal stimulus. Our analysis leads us to believe that recovery is sound only if it does come of itself. For any revival which is merely due to artificial stimulus leaves part of the work of depressions

244 views • 13 slides

Mr. Mayer AP Macroeconomics

539 views • 4 slides