Macroeconomic Challenges: Inflation & Unemployment power Point Presentation 2022

Economics

NAME MACROECONOMIC
CHALLENGES: INFLATION &
UNEMPLOYMENT
TITLE OF PROJECT
YOUR NAME
THE NAME OF THE CLASS
THE DATE OF SUBMISSION

INTRODUCTION/OVERVIEW
• Unemployment and inflation are the macroeconomic variables
selected for this presentation
• Unemployment takes place whenever an individual who is actively
seeking for unemployment remains unable to get a job/work.
• Inflation is the general rise in prices of commodities and services
• Issues to be discussed include the trends and current statuses of
unemployment and inflation rates over previous 10 years

UNEMPLOYMENT:
TRENDS AND CURRENT STATUSES
• The unemployment rate as gradually decreased in the past
ten years
• The decline began in 2008 where it was 7.3% and surged to
9.9% in year 2009 (worst due to recession)
• After 2009, the unemployment rate began to reduce
gradually to the 3.7% rate in September 2018 (Kennedy &
Prag, 2017)

INFLATION:
TRENDS AND CURRENT STATUSES
• The rate of inflation ranges between 4.5% and 5.0% currently from
the 3.85% in year 2008 (Janda, Berry, Goldman & Deborah, 2015)
• FED puts the inflation rate at 2% because it is both riskier when
extremely low or high
• Inflation dropped in year 2009 -0.34% (deflation) due to inability of
people to buy at initial cost
• Inflation rate has gradually remained stable within target range of
3.1% and 0.12% within the past 10 years

GRAPHS ILLUSTRATING INFLATION AND
UNEMPLOYMENT TRENDS

CHALLENGES/ OPPORTUNITIES
• The challenges of unemployment include deflation where people cannot by goods
• High rates of unemployment have also been caused by inability to get well-
educated people
• High rates of unemployment are also cultural-based due to stereotypes against
women and racial discrimination
• High prices for labor and raw materials also cause high rates of unemployment
• High inflation results from increased national debt, cost-push effect and demand-
pull effect

CONCLUSION
• Issues of unemployment is solved by creating new jobs
• Expansionary monetary policy to have low interest rate for
borrowing and investment (Gillespie, 2016)
• Expansionary fiscal policies during recession through tax cuts
and increased government expenditure

REFERENCES
• Gillespie, A. (2016). Foundations of Economics. New York, NY:
Oxford University Press.
• Janda, K., Berry, J. M., Goldman, J., & Deborah, D. (2015). The
Challenge of Democracy: American Government in Global Politics.
Boston, MA: Cengage Learning.
• Kennedy, P. E., & Prag, J. (2017). Macroeconomic Essentials:
Understanding Economics in the News. Cambridge, MA: MIT Press.