Unrestricted Use
CC BY
- Material Type:
- Full Course
- Provider:
- Rice University
- Provider Set:
- OpenStax College
- Date Added:
- 06/29/2017
By the end of this section, you will be able to:
Describe how the federal government can use discretionary fiscal policy to stabilize the economy
Identify examples of automatic stabilizers
Understand how a government can use standardized employment budget to identify automatic stabilizers
By the end of this section, you will be able to:
Explain the nature and causes of unemployment
Analyze the natural rate of unemployment and the factors that affect it
Identify how undeveloped labor markets can result in the same hardships as unemployment