Macro Economic

AFRICA NAZARENE UNIVERSITY UNIT CODE: BCM204 UNIT TITLE: MACROECONOMICS horde members Beth Karanja12m01aba064 James Musembi11s01abt002 Lucy Nyabaro11s01aba022 Timoi Jane09sba141 Faith Chelimo11s01aba002 Irene Mutisya12j01abt038 Sylvia Omenda11s01abt024 Andrew Mandela11s01aba016 LECTURER: DR. IMAITA UNEMPLOYMENT Outline Introduction description Causes of unemployment Types of unemployment Theories of employment Polies to combat unemployment Criticism death INTRODUCTION Unemployment is a significant measure of economic healthfulbeing. It is a study ingredient in determining how healthy an parsimoniousness is; if the economy maximized efficiency, everyone would be employed at some wage. An economy where peck be unemployed it leads to unproductivity as well as a fail on societys re point of rivalences. umteen families sustain simplifications in income and well-being each year because of passing and/or long-term interruptions to earnings. The precipitating events c an include give-up the ghostforce declines, illness, childbirth, deed injury, and natural disasters, with unemployment a frequent consequence. Since earnings provide the largest informant of income for most families, the onset of unemployment occasions an immediate and unanticipated reduction in income.

The adverse consequences of unemployment be particularly serious for families with a single earner and/or those experiencing long spells of unemployment. Unemployment is also a powerful statistic that shapes government policy and personal decisions. The government keeps a close eye on the unemployment rate. Not only does unemployment refer that the economy is! nt operating at peak efficiency, dormant politicians have noticed that high unemployment correlates with losing elections because individuals expected to participate are busy trying ways to make ends meet. This paper discontinue behind present more on theories of employment, causes of unemployment, and types of unemployment as well as policies in place to...If you want to get a climb essay, order it on our website: OrderCustomPaper.com

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