Tag: unemployment

Pale Recession

What is 'Pale Recession' A phrase used in May 2008 by former Federal Reserve Board Chairman Alan Greenspan to describe an economic...

Participation Rate

DefinitionThe workforce or labour force is the labour pool in employment. It is generally used to describe those working for a single company or...

Macroeconomics

DefinitionMacroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national,...
Value deflation

Value Deflation

What is value deflation and how does it work Value deflation occurs when the prices of goods and services decrease. This can happen when there...

Fake Claims

What is 'Fake Claims' The term fake claims refers to insurance claims that are made fraudulently. These claims are made in an...

Wage-Price Spiral

What is 'Wage-Price Spiral' The wage-price spiral is a macroeconomic theory used to explain the cause-and-effect relationship between rising wages and rising...

Generation Gap

What is a 'Generation Gap' A generation gap consists of the differences in opinions expressed by members of two different generations. More...

Geographical Labor Mobility

What is 'Geographical Labor Mobility' Geographical labor mobility refers to the level of freedom that workers have to relocate in order to...
recession

Recession

What is a recession and how does it affect the average person A recession is a period of economic decline in which trade and investment...

Take-Home Pay

What is a 'Take-Home Pay' Take-home pay is the money that an employee actually receives from working after employment taxes and the...

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