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Introduction to Economic Growth and Instability
a. Explain in detail, how the unemployment rate is calculated.
b. Explain in detail, how we define the employed, the
unemployed, and who is in the labor force?
i. The link BLS website should help –
http://www.bls.gov/news.release/empsit.t15.htm
c. List and explain the various unemployment rates used by
the BLS, and indicate which one of the 6 is the official
unemployment rate.
i. This link to the BLS website should help –
http://www.bls.gov/news.release/empsit.t15.htm
d. There has been a historic disparity between unemployment
rates for Black, Hispanic, and White workers. Unemployment and Recession Assignment Help
i. Please provide detailed explanations of 5 reasons
the Black and Hispanic unemployment rates are
always significantly higher than the unemployment
rate for Whites.
ii. Explain in detail, 1 thing that should be done to
correct each of the things that cause the problem.
Be sure you explain how each recommendation
would actually lead to solution of the problem.
Please be very thorough with this.
e. The 3 types of unemployment.
i. List and explain the 3 types of unemployment that
we discussed. Include the characteristics of each
and the role of skills for each. Unemployment and Recession Assignment Help
economic costs of unemployment and what we might do to
reduce those costs.
g. Unemployment and how to use Fiscal Policy to address
Recession. Please review the topics called Fiscal Policy and
The Aggregate Demand and Aggregate Supply Model
Background for this question:
The US economy is currently experiencing recession
according to the Federal Government. You can use only
Fiscal Policy and the AD – AS model.
i. List and explain the 3 Fiscal Policy tools covered in
the slides that apply to fixing recession, and indicate
the one tool that you want to use to attack the
recession problem? Unemployment and Recession Assignment Help
Please note that transfer payments would come
under the heading of government spending! So
don’t use it as one of your 3 tools of fiscal policy.
ii. Explain why you selected the tool and not the others.
Refer to your decision criteria.
1. Consider the pros and cons of each of the 3 tools and tell
me why you picked the one you picked and why you did
not pick the other option(s).
iii. Explain how your tool would solve the recession
problem and what effects your solution would have
on at least five key economic variables. BE SPECIFIC!
I WANT TO SEE THE DETAIL. USE THE WHAT HAPPENS
NEXT APPROACH!
1. Explain how your choice of tools would work to solve the
problem of recession. Start with the implementation of
your tool and then list step by step what happens next, until
you arrive at the appropriate impact on GDP. Be sure you
provide the detailed step by step flow.
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