English
New Course
Concept
Output-Employment Relationship
Follow
0
Summary
The
Output-Employment Relationship
describes how changes in the
Level Of Production
in an economy can influence the
Level of employment
. Generally, as
Output increases
,
Employment tends to rise
because
More labor is required
to
Produce additional goods
and services, although this relationship can be affected by
Factors like productivity
and
Technological Advancements
.
Concepts
Aggregate Demand
Aggregate Supply
Labor Market Dynamics
Productivity
Technological Change
Business Cycle
Okun's Law
Economic Growth
Full Employment
Unemployment Rate
Employment Elasticity
Relevant Degrees
Work Theory and Organization 50%
Economic Situation and Trade Cycles 50%
Start Learning Journey
Generate Assignment Link
Lessons
Concepts
Suggested Topics
Foundational Courses
Activity
Your Lessons
Your lessons will appear here when you're logged in.
Log In
Sign up