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Chapter 8. Unemployment and Inflation Link to syllabus
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The US Unemployment Rate 1948-2011. Figure 8-1 p. 214. Confirms – once again - that unemployment rises in recessions, declines in expansions.
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Alternative Measures of Unemployment, US, 1994- 2011. Figure 8-2 p. 216.
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Unemployment Rates of Different Socio- economic Groups, 2007. Figure 8-3 p. 217. Groups who have higher unemployment are African Americans and Teens. Gender differences are small, and may favor women.
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Unemployment rates by demographic groups, 1999 and 2002 (different textbook)
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Unemployment in the U.S. Source: NYT Feb. 1, 2008.
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Michigan & US Unemployment
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Figure 8.7 p. 221 Labor Market Flows/month 2007 mt views this as suggesting that the big action isn’t into unemployment, but is people dropping out of the labor force.
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Distribution of Unemployment, by Duration of Unemployment. Figure 8-8 p. 222.
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Figure 8-9 p. 223. Effect of a Minimum Wage on the Labor Market
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Global Comparison, p. 225. Natural Rate of Unemployment among OECD Countries.
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Figure 8-10 P. 226. The Changing Makeup of the US Labor Force, 1948-2011.
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P. 136 BadeParkin text Changes in the Labor Market
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EYE ON THE PAST P. 315 (Bade/Parkin Text) Hyperinflation in Germany in the 1920s
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German Hyperinflation (p. 480 of K/W)
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The Cost of Disinflation. Figure 8-12 p. 233. Suggestion that in order to lower inflation, there must be higher unemployment.
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Unemployment and Recessions. Figure 8-4 p. 204. Indicates that Unemployment continues to rise even after the economy starts to pull out of a recession.
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Growth and Changes in Unemployment. Figure 8-5 p. 204. Basically supports common sense idea that if the economy grows faster, then unemployment will fall.
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