What Is the Natural Rate of Unemployment?
Natural rate of unemployment: refers to the unemployment rate under full employment, which is the average level of fluctuations around the unemployment rate. The natural unemployment rate is a non-accelerating inflation rate of unemployment (NAIRU). It is also the unemployment rate where the labor market is in a stable state of supply and demand. From the perspective of the entire economy, there will be some people looking for work at any time. Economists call unemployment in this case the natural unemployment rate. Therefore, the definition of the natural unemployment rate by economists is sometimes called The "unemployment rate under full employment" is sometimes called the unemployment rate without accelerated inflation.
Natural unemployment rate
- Natural Unemployment Rate: refers to the unemployment rate in which aggregate demand and supply are in equilibrium when the spontaneous supply and demand forces of the labor market and the commodity market work without the interference of monetary factors. The so-called no monetary factor interference refers to
- The natural unemployment rate was proposed by the modern monetaryists represented by M. Friedman.
- They think: as long as
- Natural unemployment rate is the sum of frictional unemployment rate and structural unemployment rate.
- Due to changes in population structure, technological progress, and changes in people's consumer preferences , frictional and structural unemployment will always exist in society. In the long run, the unemployment situation brought about by the prosperity cycle will often disappear, leaving only natural unemployment in the society. The definition of "natural" is not clear. No one can clearly indicate the natural unemployment rate of a society.
- 1. The role of the laws of the market economy; 2. The imperfect labor market; 3. The increase in labor productivity; the adjustment of the industrial structure.
- Natural unemployment rate
- 1. Marxist theory of unemployment;
- 2. Classical unemployment theory;
- 3. Keynes's theory of unemployment;
- 4. Phillips unemployment theory;
- 5. Structural unemployment theory;
- 6. Supply school unemployment theory;
- 7. Natural unemployment rate theory.
- Employment Theory and Practice
- Book Author: Zhang Kang with private
- Publication time: 2007-8 Edition: 1
- ISBN: 978-7-80230-785-8 / D · 246 Pages: 400
- Folio: 32 Sheets: 12.5
- Bonus CD: No Words: 293 thousand words
- Visitors: 252 Binding: Paperback
- Readers: Leaders of relevant government departments, economic theory work
- Natural unemployment rate
- brief introduction
- Employment issues have been receiving attention in countries around the world. In the new century, the Chinese society in the period of change is facing greater employment pressure than before. The government has taken various measures to solve this problem, but the outlook is not optimistic and many key links remain to be addressed. The research in this book first reviews the viewpoints of mainstream school theories, and then focuses on analyzing China s employment situation based on comparing employment issues and employment policies in Western countriesincluding a summary of past issues, a review of current employment situations, and employment policies Discussions, provide policy suggestions for understanding and solving employment problems, and the conception of building an early warning system for unemployment in a harmonious society.
Macroeconomics of Natural Unemployment
- Qi Huaqing waiting
- ISBN: 9787302149385
- Binding: Paperback Printing Times: 1-4
- Pricing: 28 yuan
- Book Introduction:
- This book focuses on the theory of national income determination and systematically introduces the basic principles and basic knowledge of modern macroeconomics. Through case analysis, these basic principles and basic knowledge are combined with China's economic realities from a global perspective. Guide readers to think; at the same time, sort out the theory and practice of China's macroeconomics. The book consists of ten chapters, which mainly introduce the basic content of modern macroeconomics, including: national income (GDP) accounting, simple national income determination, IS-LM model, AD-AS model, macroeconomic policies, unemployment and inflation, economics Growth and economic cycles; Analyzes the main views of the monetarism, the supply school, and the rational anticipation school; discusses the theory and practice of China's macroeconomics. In short, this book considers both the integrity of modern macroeconomic theory and the application of basic knowledge, especially in China; at the same time, each chapter sets up knowledge introduction and summary, cases and reviews, professional vocabulary, and review And thinking.
- This book has a new style, pays attention to practicality, and is of moderate difficulty. It can be used for teaching undergraduate economics and management majors in ordinary colleges and universities.