UnemploymentBy: Isamu, Marc and Oscar

What is it?

How is it measured?

What are the Types?Frictional

Structural

Cyclical

Seasonal

Real Wage

Frictional

Structural

Cyclical

Seasonal

Real Wage

Recent Unemployment in France and Spain

Causes of Unemployment?

Factors affecting Levels of Unemployment

Costs of Unemployment

Crowding Out

Government PoliciesFiscal Policy – Government Expenditure and

Taxes

Monetary Policy

Exchange Rate Policy

Employment Subsidies

Investment in worker training

How effective are those Policies?

Keynesians vs. Monetarists

Fiscal Policy vs. Monetary Policy

The End