[Previous] [Main Index] [Next]

Wednesday, August 18, 2010

STRUCTURAL AND CYCLICAL UNEMPLOYMENT PROBLEMS IN THE USA. PLUS SOME BASIC MACROECONOMIC CONCEPTS, NICELY DIAGRAMMED

Today's Two Related Buggy Topics Are . . .

. . . Found in a lengthy analysis set out at Economist's View.  Click here for it in the relevant thread.   Be sure, if you're shaky about basic macroeconomic concepts, to follow the buggy link set out there to an impressive, simple, and informative set of diagrams and easily grasped comments by another professor.  Even a hour's study will likely improve your knowledge markedly.

The more substantive buggy topic deals with long-term structural problems in American labor markets as opposed to the existing high-level of current unemployment, much of it cyclical --- the fall-out from the 2007-2009 recession.  Some of the differences aren't easily separated, and some other.  They require different policy-measures.