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Presenting Unemployment in Principles Classes: Micro and Macro Perspectives

J. J. Arias

Journal for Economic Educators

Abstract: The interpretation of unemployment can differ, depending on whether it is presented in a micro or macro context. Instead of glossing over these different perspectives, instructors can expound on them as a means to reinforce basic graphical analysis, to introduce or review the distinction between stocks and flows, and to discuss policy issues related to unemployment, the measurement of unemployment and the labor market.

Keywords: unemployment; labor market; minimum wage; stocks and flows (search for similar items in EconPapers)
JEL-codes: A22 (search for similar items in EconPapers)
Date: 2008-12
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