Presenting Unemployment in Principles Classes: Micro and Macro Perspectives
AbstractThe interpretation of unemployment can differ, depending on whether it is presented in a micro or macro context. Instead of glossing over these different perspectives, instructors can expound on them as a means to reinforce basic graphical analysis, to introduce or review the distinction between stocks and flows, and to discuss policy issues related to unemployment, the measurement of unemployment and the labor market.
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Bibliographic InfoArticle provided by Middle Tennessee State University, Business and Economic Research Center in its journal Journal for Economic Educators.
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unemployment; labor market; minimum wage; stocks and flows;
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- A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
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