Depending on the country you live in somethings might cost more or less. This can be explained by trade restrictions, taxes, preferences and demand elasticity. #econUMD@LuiggiDonayre@econ_ta
When I go back home for winter break I will be working at my old job back home to make some money. This style of work is known as cyclical unemployment. #econUMD@econ_ta@LuiggiDonayre
When I deposit money into my bank back home on a regular basis, My deposits indirectly increase the quantity supplied for my future loans. @LuiggiDonayre@econ_ta#econUMD
If I stay in school and graduate college with a degree it will increase my human capital and help me get a job over others in the future who don’t have a degree. #econUMD@econ_ta@LuiggiDonayre
When my dad was unemployed during the covid pandemic he was still considered part of the labor force because he was actively looking and applying for jobs. #econUMD@econ_ta@LuiggiDonayre
Because our unemployment rate is at the lowest it’s been in the last 50 years, What does this do for insurance and insurance benefits. #econUMD@LuiggiDonayre@econ_ta
When I worked at my job back home for 2 years I saw a lot of people quit and get new jobs. This is more than likely because we got paid minimum wage and they wanted to make more than they were getting. #econUMD@econ_ta@LuiggiDonayre
As we see the mortgage rates continue to increase and with unemployment also increasing are we likely to enter a recession?@econ_ta@LuiggiDonayre#econUMD
Bank of America has just signaled that the US economy will start losing 175,000 jobs a month in late 2022, early 2023.
Imagine thinking that the country is doing much better now than it was under Trump.
If the Economy is only slowing down and we are not in a recession, what are some factors that have to happen to be in a real recession?#econUMD@LuiggiDonayre@econ_ta