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Essay Available:
Pages:
3 pages/≈825 words
Sources:
3 Sources
Level:
APA
Subject:
Accounting, Finance, SPSS
Type:
Article
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 14.04
Topic:

Research Economic Concepts: Unemployment in the U.S. (Article Sample)

Instructions:

Write a three to four (3-4) page paper in which you:
Identify at least four (4) key points of a relevant economic article from either the Strayer Library or a newspaper. 
Apply one (1) of the following economic concepts (supply, demand, market structures, elasticity, costs of production, GDP, Unemployment, inflation, aggregate demand, and aggregate supply) to the key points that you highlighted in Question 1.
Explain how the concept that you identified in Question 2 could affect the U.S. economy.
In your concluding paragraph, state whether you agree or disagree with the economic article identified in Question 1. Provide a rationale for the response.
Use at least three (3) quality resources in this assignment with one (1) being your article.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
Analyze the dynamics of supply and demand to anticipate market equilibrium.
Analyze the elasticity of demand and supply and its importance, and the effect of taxes or other public policies.
Describe the impact of various forms of competition on business operations with emphasis on perfect competition.
Use technology and information resources to research issues in principles of economics.\

source..
Content:

Economic Concepts: Unemployment in the U.S
Student’s Name
Course Title
Professor’s Name
Date
Economic Concepts: Unemployment in the U.S
One of the major economic concepts that have been facing most of the developed nations is unemployment. For this reason, the U.S. president Barrack Obama vowed to create over 14 million jobs. This paper takes an in-depth at the issue of unemployment by analyzing the article by Long Heathe (2016) featured in the CNN. Accordingly, the paper tries to find the answers to the enigma that despite the U.S. unemployment rate dropping to 5% for the first time since 2008, the 4.9% unemployment rate does not thrill many (Long, 2016).
Unemployment Concept
O’Connor (2004) defined unemployment as the number of people in the labor force who do not have jobs. Therefore, the rate of unemployment is the percentage of the labor force that is without work. In the United States labor, force consists of individuals who are 16 years old or older and are either employed or actively seeking a job. He suggested that the rate of unemployment is high when an economy sinks into a recession or depression.
The U.S. terms full employment as a national economic goal as it was stated in the Employment Act of 1946 and the Full Employment and Balanced Growth Act of 1978. O’Connor also noted that there are three main types of unemployment. Frictional unemployment is temporary joblessness that occurs naturally in a dynamic economy. It involves workers who are between jobs, either reentering the job market or are new entrants. It is normal and healthy in a fast-changing economy. Structural unemployment is a longer-term type of unemployment that results from a mismatch between workers’ skills and job o...
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