Unemployment
This type of unemployment occurs when people are unemployed at particular times of the year when demand for labour is lower than usual.
What is Seasonal Unemployment?
This occurs when an investor buys an asset by borrowing the balance from a bank or broker.
What is Buying on Margin?
Slow economic growth and rising unemployment are best dealt with by creating higher demand for products and services, and through public works projects.
Keynesian Economics
If Mr. King was to leave was to leave his job as a teacher and search for a job as a mortgage broker. He would experience _______ unemployment.
Frictional Unemployment
This was the first sector to suffer from overproduction, deflation, and foreclosure following WWI
What is agriculture?
A large public works project meant to increase the flow of money in the economy. (One specific example, there may be multiple correct answers)
Hoover Dam
Interstate Highway system
etc.
A US program meant to provide aid to retired and disabled individuals
This is the part of economics concerned with large-scale or general economic factors, such as interest rates and national productivity.
What is macroeconomics?
This was an early 20th century economist, who theorized that state funded employment could bring back economic activity in times where the economy wasn't doing well.
John M. Keynes
What is Cyclical Unemployment?
A period of high unemployment and low economic activity from 1929 till World War II.
What is the great depression?
An imposed limit or maximum price imposed on certain goods, services, commodities, or products.
What is a Price Ceiling?
What is structural unemployment?
The second sector to suffer from overproduction and deflation due to credit and new production techniques.
What is manufacturing?
A government imposed price control or limit on how low of a price can be charged for a product, good, or service.
Price Floor
Write down a list of government interventions during economic downturn. The team with the longer list will get the tokens.