Discuss short-run unemployment and long-run growth

Reference no: EM131481444

Question: In 2011, when the U.S. unemployment rate was over 9%, President Barack Obama said, "There are some structural issues with our economy where a lot of businesses have learned to become much more efficient with a lot fewer workers. You see it when you go to a bank and you use an ATM, you don't go to a bank teller, or you go to the airport and you're using a kiosk instead of checking in at the gate." Discuss the president's quote in terms of both short-run unemployment and long-run growth.

Reference no: EM131481444

Questions Cloud

What do economists mean by the term institutions : What do economists mean by the term "institutions"? Name five different laws that are institutions that affect production incentives. Name three social practice

What are the requirements of adverse possession : Ethics Victor and Phyllis Garber acquired a piece of real property by warranty deed. What are the requirements of adverse possession?

Briefly recap the conversation : Identify whether you let the person know, by your words or actions, you cared about his or her dilemma, even if you were not able to help in any other way.

Consider the multiple definitions of collaboration : Define collaboration and how you will apply it in this course based upon the discussion with your Learning Team. Be sure to reference and cite your sources.

Discuss short-run unemployment and long-run growth : In 2011, when the U.S. unemployment rate was over 9%, President Barack Obama said, "There are some structural issues with our economy where a lot of businesses.

Explain the importance of accurate asset valuations : ACCG224: Intermediate Financial Accounting - Explain the importance of accurate asset valuations from ASICs perspective - Provide a detailed explanation

Describe the hr job positions listed for that hr department : Propose how you would ensure the HR strategy is in alignment with the business strategy.Determine which HR job positions you would prefer.

Prepare journal entry to record sale of the equipment truck : Prepare journal entry to record the sale of the equipment truck for $17,0000 cash. prepare a statement of cash flows for the year ending December 31, 2013.

Draw supply and demand curves for your ipong bonds : Let's say you own a firm that produces and sells Ping-Pong tables. The name of your company is iPong because your tables have a plug-in jack for all Apple.

User Account

All Pages