Macroeconomics : A Nation 's Levels Of Unemployment

Course Description Principles of Macroeconomics deals with consumers as a whole, producers as a whole, the effects of government spending and taxation policies, and the effects of the monetary policy carried out by the Federal Reserve Bank. Macroeconomics is concerned with unemployment, inflation, and the business cycle. Text Required: Macroeconomics, Roger A. Arnold, 7th Edition, 2005 Recommended: Macroeconomics Study Guide, Roger A. Arnold, 7th

Macroeconomics (from the Greek prefix macro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behaviour, and decision-making of an economy as a whole, rather than individual markets. This includes national, regional, and global economies.[1][2] With microeconomics, macroeconomics is one of the two most general fields in economics.

11.Macroeconomics is best described as the study of A) very large issues.B) the choices made by individual households, firms, and governments.C) the nation's economy as a whole.D) the relationship between inflation and wage inequality.Points Earned: 0.4/0.4Correct Answer(s): C

The U.S. Unemployment rate is at a low, that’s good. The amount of jobs that are being gotten by all the unemployed people is phenomenal. There are more jobs nowadays then there was back in 2010-2015 is basically what it means. More people are working, which means better economy, which also means less homeless people. But there is a downside to this. There are people who are going to get jobs they don’t quite deserve. Some homeless druggies can get a job and then end up just buying more drugs. Which will increase the amount of drugs our country intakes.

Since the Great Recession, the economy has been "coming back" in fits and starts. Good news one month, bad news the next.

Unemployment happens when individuals are without work and effectively looking for work. The unemployment rate is a predominance 's measure of unemployment and it is figured as a rate by separating the quantity of unemployed people by all people right now in the work power. During periods of recession, an economy usually experiences a relatively high unemployment rate.

Economic growth is defined as the expansion of the productive capacity of an economy. An increase in resources causes an area to produce more goods or services in a given period of time – as shown on a production possibility frontier (PPF) diagram, where the curve shifts outwards. The PPF is a curve showing the maximum combinations of goods and services that can be produced in a given period with available resources. The improvement in economic efficiency is shown on the diagram where the curve shifts from PPF1-PPF2, which could be as a result of an increase in the total stock of resources available.

In the House of Commons during the weekly question in parliament, David Cameron spoked about the new unemployment figures, Wednesday, October 14 . "These figures are extremely good , boasted that the British Prime Minister . There are 140,000 more people at work , the employment rate is at an all time high , unemployment is falling , including for young people and for the long -term unemployment . " (parliament.uk, 2015).The unemployment rate has actually declined in August to 5.4% . That 's the lowest since May 2008, before the bulk of the financial crisis, and far from the peak of 8.5% reached in 2011. All sectors of the economy are recruiting , especially professional and technical services , which created nearly 100,000 jobs in one year. Austerity requires only the public sector continues to poach : 46,000 jobs were lost there over a year.

Macroeconomics is "the field of economics that studies the behavior of the aggregate economy. Macroeconomics examines economy-wide phenomena such as changes in unemployment, national income, rate of growth, gross domestic product, inflation and price levels" (Investopedia, 2011). In other words, macroeconomics examines economic trends in the economy as a whole, in contrast to microeconomics, which looks at the decisions made by firms and individuals (Investopedia, 2011). Most business majors have a good understanding of microeconomics because supply and demand help explain the individual supply chains that professionals will confront in the workplace. However, one simply cannot understand microeconomics without understanding macroeconomics because larger economic forces help impact part and supply pricing that lead to fluctuations in costs, which may lead to supply issues on the micro level. In fact, "the factors that are studied by macro and micro will often influence each other, such as the current level of unemployment in the economy as a whole will affect the supply of workers which an oil company can hire from, for example" (Investopedia, 2011).

This branch of economics looks at the economy as a whole. Areas of study for macroeconomics would include national output, national product, national income, employment and unemployment in the whole economy, and overall price level to name a few. Macroeconomics is “the branch of economics that examines the economic behavior of aggregates – income, employment, output, and so on – on a national scale.” (Case, Fair, & Oster, 2014)

This branch of economics looks at the economy as a whole. Areas of study for macroeconomics would include national output, national product, national income, employment and unemployment in the whole economy, and overall price level to name a few. Macroeconomics is “the branch of economics that examines the economic behavior of aggregates – income, employment, output, and so on – on a national scale.” (Case, Fair, & Oster, 2014)

Macroeconomics as a science deals with the performance and behavior of the economy as a whole. It focuses its attention on the economic growth, business cycle, interest rates, inflation and the behavior of major economic aggregates such as the government, household , and the business sectors.

Initially when referring to the macroeconomy we focuses on the aggregate changes in the economy such as unemployment, growth rate, gross domestic product and inflation. As a result of economist John Maynard Keynes work in the 1930s, governments are able to control the total amount of demand in the economy /Aggregate Demand (AD =

Macro economics on the other hand, takes a much broader view by analyzing the economic activity of an entire country or the international marketplace.

According to Webster’s dictionary Macroeconomics is defined as a study of economics in terms of whole systems especially with reference to general levels of output and income, and to the interrelations among sectors of the economy. However, macroeconomics is a branch of the economics field that studies