Question
ight after the COVID19-induced recession, the economic growth in the US was booming. The labor force was growing because many unemployed people who thought they
ight after the COVID19-induced recession, the economic growth in the US was booming. The labor force was growing because many unemployed people who thought they could not find a job during the recession thought they can and started applying for work. But not all these people found a job immediately. Based on this scenario, respond to the following questions:
- Describe the impact on the unemployment rate immediately after such recessions.
- Discuss how different types of unemployment are affected because of such recessions.
- Explain if we should expect inflation in the economy in the aftermath of such recessions.
- Discuss the reasons why the aggregate demand (AD) curve slopes
- What causes the AD curve and aggregate supply (AS) curve to shift, respectively?
- How would a change in AD and AS affect the economy, respectively?
- Why do Keynesian economists emphasize AD whereas classical economists emphasize AS?
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Introduction To Health Care Management
Authors: Sharon B. Buchbinder, Nancy H. Shanks
3rd Edition
9781284081015
