The Business .Cycle: Cyclical Unemployment and the Recession
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Authors
Flahie, Brian
Issue Date
2011
Type
Thesis
Language
en_US
Keywords
Alternative Title
Abstract
Education is the building block of future economic growth; the only way to
continue the growth of GOP in the American economy is through this extremely
important catalyst. Governmental decisions affect the growth and extremes of the
unemployment swings in any economy. Firm's individual decisions on job destruction
are tied closely to sectoral shifts; the random fluctuations in technology cause these
shifts. Workers who experience the effects of the change of the seasons are called
seasonal workers and their strife is a major part of the business cycle. The relationship
between a recession and various economic determinants will be explored, in the
aggregate as well as locally. Government policy can determine the length of
unemployment spells due to unemployment insurance. Natural variations in the
business cycle will be discussed versus shifts due to governmental policy in the short-run
and long-run.
Description
25 p.
Citation
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License
U.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.