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unemployment

Great Depression

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Great Depression In Class Notes Causes of the Great Depression Stock market crash Overproduction Industry Agriculture Industries produced more goods because of good economy in the 1920s Did not raise wages to keep up Results in under consumption Wages stayed stagnant ? market flooded with goods that cannot be purchased Unequal distribution of wealth No middle class Top 1% of Americans had more wealth than the bottom 42% of Americans Monetary policy Federal government raised interest rates in the 1920s People pulled money from banks to invest with stocks Government didn?t help the bank High tariffs and war debts Increase tariffs Election of 1932 Republican: Hoover (incumbent) Sent out the ?bonus army? on the veterans who marched on the mall

2005_form_b.pdf

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AP? Macroeconomics 2005 Free-Response Questions Form B The College Board: Connecting Students to College Success The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 4,700 schools, colleges, universities, and other educational organizations. Each year, the College Board serves over three and a half million students and their parents, 23,000 high schools, and 3,500 colleges through major programs and services in college admissions, guidance, assessment, financial aid,

2006.pdf

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AP? Macroeconomics 2006 Free-Response Questions The College Board: Connecting Students to College Success The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,000 schools, colleges, universities, and other educational organizations. Each year, the College Board serves seven million students and their parents, 23,000 high schools, and 3,500 colleges through major programs and services in college admissions, guidance, assessment, financial aid, enrollment, and teaching and learning. Among its best-known programs are the SAT?, the PSAT/NMSQT?, and the Advanced Placement

2009.pdf

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AP? Macroeconomics 2009 Free-Response Questions The College Board The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,600 schools, colleges, universities and other educational organizations. Each year, the College Board serves seven million students and their parents, 23,000 high schools and 3,800 colleges through major programs and services in college readiness, college admissions, guidance, assessment, financial aid, enrollment, and teaching and learning. Among its best-known programs are the SAT?, the PSAT/NMSQT? and the Advanced

2009_form_b.pdf

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AP? Macroeconomics 2009 Free-Response Questions Form B The College Board The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,600 schools, colleges, universities and other educational organizations. Each year, the College Board serves seven million students and their parents, 23,000 high schools and 3,800 colleges through major programs and services in college readiness, college admissions, guidance, assessment, financial aid, enrollment, and teaching and learning. Among its best-known programs are the SAT?, the PSAT/NMSQT? and the Advanced

2010.pdf

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AP? Macroeconomics 2010 Free-Response Questions The College Board The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the College Board is composed of more than 5,700 schools, colleges, universities and other educational organizations. Each year, the College Board serves seven million students and their parents, 23,000 high schools, and 3,800 colleges through major programs and services in college readiness, college admission, guidance, assessment, financial aid and enrollment. Among its widely recognized programs are the SAT?, the PSAT/NMSQT?, the Advanced Placement Program?

Krugman Macroeconomics Chapter 20

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Module 20: Economic Policy and the Aggregate Demand? Aggregate Supply Model How the AD?AS model is used to formulate macroeconomic policy The rationale for stabilization policy Why fiscal policy is an important tool for managing economic fluctuations Which policies constitute expansionary fiscal policy and which constitute contractionary fiscal policy ? ? Economy is self-correcting in the long run: it will eventually trend back to potential output Stabilization policy: is the use of government policy to reduce the severity of recessions and rein in excessively strong expansions ? Policy in the Face of Demand Shocks Monetary and fiscal policy shift the aggregate demand curve

Chapter 30: Turning Inward: Society and Politics from Ford to BushSociety, Politics, and World Events from Ford to Reagan, 1974-

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? ? Textbook Site for: The Enduring Vision, Fifth Edition Paul S. Boyer, University of Wisconsin, Madison Clifford E. Clark, Jr., Carleton College et al. Chapter Summary Chapter 30: Turning Inward: Society and Politics from Ford to BushSociety, Politics, and World Events from Ford to Reagan, 1974-1989 Chapter Themes The social activism of the 1960s had changed to a new mood. Some social trends and movements rooted in the 1960s survived and grew but millions of young people turned from public to private concerns that easily became self-centered materialism. Environmental consciousness was still present, and by the late 1970s it particularly targeted the nuclear power industry. One permanent

Krugman AP Macroeconomics Chapter 13

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Chapter 13: The Causes and Categories of Unemployment ? -The three different types of unemployment and their causes -The factors that determine the natural rate of unemployment ? 1. Frictional Unemployment: unemployment due to the time workers spend in job search Somewhat inevitable- frictional unemployment doesn?t mean that there is a surplus of labor Constant process of job creation and job destruction New workers are always entering the labor market Limited amount is relatively harmless and may be a good thing Short duration of unemployment Job search: Workers who spend time looking for employment/ if all workers and all jobs were alike job search wouldn?t be necessary 2. Structural Unemployment:

Krugman AP Macroeconomics Chapter 12

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Chapter 12: The Meaning and Calculation of Unemployment ? -How unemployment is measured -How the unemployment rate is calculated -The significance of the unemployment rate for the economy -The relationship between the unemployment rate and economic growth ? Employed: people who currently hold a job in the economy, either full time or part time/ only if you have a job Unemployed: people who are actively looking for work but aren?t currently employed Limitations: Retired people Disabled Hasn?t actively searched for a Job in the last 4 weeks Discouraged workers Marginally attached workers Underemployed U.S. Census Bureau monthly survey called the Current Population Survey: interviewing a random sample of 60,000 American families

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