Here is the synopsis of our sample research paper on Economics: Problem and Discussion. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
8 pages. This paper looks at the problem of unemployment. It is a well known fact that unemployment causes a great deal of social distress and concern; as a result, the causes and consequences of unemployment have received the most attention in macroeconomic theory. Within this paper is a discussion of the problem itself, the issues, discussion and recommendations and conclusion. Graph included as well. Bibliography lists 6 sources.
Page Count:
8 pages (~225 words per page)
File: D0_JGAecprm.doc
Buy This Term Paper »
Unformatted sample text from the term paper:
issues, discussion and recommendations and conclusion. Graph included as well. Bibliography lists 6 sources. JGAecprm.doc Economics: Problem and Discussion by
Dr. Julie Abbott 05/2001 to Use This Paper Properly, INTRODUCTION This paper looks at the problem of unemployment. It is a
well known fact that unemployment causes a great deal of social distress and concern; as a result, the causes and consequences of unemployment have received the most attention in macroeconomic
theory. Within this paper is a discussion of the problem itself, the issues, discussion and recommendations and conclusion. Graph included as well. Bibliography lists 6 sources.
JGAecprm.doc THE PROBLEM AND ISSUES Until the publication in 1936 of The General Theory of Employment, Interest and Money by Keynes, large-scale unemployment was generally explained in terms of
rigidity in the labor market that prevented wages from falling to a level at which the labor market would be in equilibrium. Equilibrium would be reached when pressure from
members of the labor force seeking work had bid down the wage to the point where either some dropped out of the labor market (the supply of labor fell) or
firms became willing to take on more labor given that the lower wage increased the profitability of hiring more workers (demand increased). Keynes was known as the real
father of the neoconservatism movement (Skousen 1991). This was the first model of the corelation between output and employment, supply and demand.
If, however, some rigidity prevented wages from falling to the point where supply and demand for labor were at equilibrium, then unemployment could persist. Such an obstacle could be
...