Discuss some issue related to great recession

Assignment Help Business Economics
Reference no: EM131039105 , Length: 5

Question: Read lecture note.

Summery and discuss some issue related to Great recession.

This is labor economics. Essay should related to labor economic.

The Great Recession and its aftermath

We begin the course with a look at the most significant event of the 21st century for the United States labor market: the Great Recession of 2007-2009. To put the Great Recession into context, we will examine data that compare the Great Recession to the most significant event of the 20th century for the U.S. labor market, the Great Depression of the 1930s. We will also compare the Great Recession to its immediate predecessors as post-World War II recessions (from the 1970s until the early 2000s). A major emphasis in this first part of the topic, then, will be to assess in what ways the Great Recession is different from its predecessors, and in what ways it is similar.

Consider first what we mean by recession. There is no official definition of recession, and no official body to decree that one has begun or ended. Indeed, a clear picture of the state of the economy usually comes only months or even years later. Recessions are frequently described as two or more quarters of a declining gross domestic product.

If possible, please use source from lecture note.

Total 5 pages.

Attachment:- us_business_cycle.pdf

Reference no: EM131039105

Questions Cloud

What and whom you solicit : Max Wideman's PM glossary defines solicitation as the purchasing, renting, leasing, or otherwise obtaining supplies or services from vendors. Contracting includes description, but not determination, of supplies and services required, selection and..
The problem-the case of tracking the terrorists : A bill has just been introduced in the Legislature, with wide bi-partisan support, that would create a database for creating a "network" of information by which to track non-documented workers and potential terrorists. The information that would b..
What market structure benefits from economies of scale : Explain economies of scale. What market structure benefits from economies of scale? Which company do you suppose has advantages of economies of scale?
Ge healthcare switches from waterfall to agile : GE Healthcare (www.gehealthcare.com) is a $17-billion business unit of General Electric (www.ge.com) that manufactures products designed to make clinicians more productive. These technologies, which range from high-definition CT scanners to diagno..
Discuss some issue related to great recession : Summery and discuss some issue related to Great recession - This is labor economics. Essay should related to labor economic.
Why the fto you selected would find this target valuable : present a recovery plan in the event such an attack is successful: (address any and all applicable DHS organizations within the DHS umbrella and the role they will play)
Virgin america has problems converting to a new reservation : Reservation systems are the digital nervous systems of airlines. Among other things, reservation systems store, organize, and calculate flight schedules, prices, and passenger lists. To future growth, Virgin America (www.virginamerica.com) switche..
Identify the current import policies : Conduct a search at GlobalEdge.msu.edu to identify the current import policies, tariffs and trade restrictions in FINLAND. Other useful sites include the World Trade Organization (www.wto.org). Enter FINLAND in the WTO search box (top right corner)..
What degree is the student working towards : Copy and paste the work into your Key Assignment document and include screen shots of each step, describe what you did for each step and paste in the actual SQL text used to perform each step. Upload your document to the Submitted Tasks section.

Reviews

Write a Review

Business Economics Questions & Answers

  Nominal tax rates significantly higher-effective tax rates

An economy with nominal tax rates significantly higher than effective tax rates has

  Local community wants to purchase a pool heater

A local community wants to purchase a pool heater for its public pool in one year. The cost of the heater is $1,000,000. The local bank is willing to pay the interest on this amount at 6%, compounded monthly to help support the purchase of the pool h..

  Diagnostic tests and fixed-proportions production function

Suppose that a biotech firm makes diagnostic tests and has a fixed-proportions production function in which one unit of output (diagnostic test) is produced using one worker and two units of capital (machines).

  Absolute and comparative advantag

If french workers can produce 6 cars per day or 10 pounds of cheese and united states workers can produce 4 cars per day or 4 pounds of cheese who should produce what and why? this is a absolute and comparative advantage kind of question

  Determine the effect on aggregate output-consumption

Suppose that there is a natural disaster that destroys part of the nations capital stock. Determine the effect on aggregate output, consumption, employment, and the real wage, with reference to income and substitution effects, and explain your result..

  Explain movements in the exchange rate in the short term

Exchange rates can be impacted over the long run or short run. a. There are four forces that affect exchange rates over the long run. Name them. b. Exchange rates can fluctuate quite a lot in a short period of time (a day or two). Which factors help ..

  What are the seven structural components

What are the seven structural components that are relevant to accessing the importance of supply chain collaboration? List a retailer that utilizes each of these seven structural components? Explain in detail.

  What price-quantity combination maximizes your frm profits

You are the manager of a monopoly, and your demand and cost functions are given by P= 200 - 2Q and C(Q)= 2000 + 3Q^2, respectively. what price-quantity combination maximizes your frm's profits?

  Q1 suppose that you can schedule a worker up to four hours

q1. suppose that you can schedule a worker up to four hours per day. the benefit function is given by bh 500h - 22.5h2

  What can you do to meet the customers required reliability

Your system (Aircraft, etc.) has a reliability of .80 after operating for 1000 hours. What can you do to meet the customers' required reliability? Explain in detail.

  The average annual rate of inflation for consumer goods

The CPI for 1960 was 29.6 and the CPI for 2015 was 237. What was the average annual rate of inflation for consumer goods between 1960 and 2015? A loaf of bread sold for about 20 cents in 1960. What did a loaf of bread cost then in terms of 2015 dolla..

  The average quality of labor has increased

The average quality of labor has increased, partly because the demand for education and health care are:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd