classical-unemployment

noun.

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  • classical unemployment — noun According to classical economic theory originally developed by Adams, Ricardo, Malthus and others in late 18th century unemployment is explained simply by the real wages being higher than the market equilibrium wage. In modern economics… …   Wiktionary

  • Unemployment — World unemployment rates[1] as of January 2009[update] Unemployment (or …   Wikipedia

  • unemployment — noun a) The state of having no job<!pertinent?, which may cause late filial life; joblessness. Unemployment made Jack depressed. b) The phenomenon of joblessness in an economy. Unemployment has been considered a cause of crime. Syn: joblessn …   Wiktionary

  • Classical theory of growth and stagnation — Classical economics refers to work done by a group of economists in the eighteenth and nineteenth centuries. The theories developed mainly focused on the way market economies functioned. Classical Economics study mainly concentrates on the… …   Wikipedia

  • Types of unemployment — Economists distinguish between four major types of unemployment, i.e., cyclical, frictional, structural and classical. (Another distinction, not discussed here, is between voluntary and involuntary unemployment.) Real world unemployment may… …   Wikipedia

  • New classical macroeconomics — New classical macroeconomics, sometimes simply called new classical economics, is a school of thought in macroeconomics that builds its analysis entirely on a neoclassical framework. Specifically, it emphasizes the importance of rigorous… …   Wikipedia

  • Natural rate of unemployment (monetarism) — The natural rate of unemployment (sometimes called the structural unemployment rate) is a concept of economic activity developed in particular by Milton Friedman and Edmund Phelps in the 1960s, both recipients of the Nobel prize in economics. In… …   Wikipedia

  • Natural rate of unemployment — The natural rate of unemployment is a concept of economic activity developed in particular by Milton Friedman and Edmund Phelps in the 1960s. [Both are recipients of the Nobel prize in economics; Friedman in 1976 and Phelps in 2006. In both cases …   Wikipedia

  • Cyclical Unemployment — A factor of overall unemployment that relates to the cyclical trends in growth and production that occur within the business cycle. When business cycles are at their peak, cyclical unemployment will be low because total economic output is being… …   Investment dictionary

  • Безработица — (Unemployment) Безработица – это такое социально экономическое явление, при котором часть взрослого трудоспособного населения, не имеет работы и активно ее ищет Безработица в России, Китае, Японии, США и странах Еврозоны, в том числе в кризисные… …   Энциклопедия инвестора

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