UNC-Chapel Hill ECON 051 - What Links Unemployment and the State Budget Deficit (7 pages)

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What Links Unemployment and the State Budget Deficit



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What Links Unemployment and the State Budget Deficit

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Lecture Notes


Pages:
7
School:
University of North Carolina at Chapel Hill
Course:
Econ 051 - The Economics of North Carolina

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What links unemployment and the state budget deficit By Pierce Emily and Katie What s going on The state s anticipated revenues have fallen well short of its anticipated expenditures over the coming year Solution Balance down reduced expenditures indirectly or directly Balance up increased revenues through taxes 1 Does Frank understand the multiplier effect No Pipeline analogy Multiplier effected weakened How does the typical explanation of leakages have to be amended to handle Frank s case Expanded definition Living outside his means Withholding money from circulation Spending with credit 2 If the state government balances down through cutting fraud and waste will that still lead to reduced employment Fraud When information is misrepresented concealed or omitted for personal gain benefit Ex Gov Spending Excess Waste Unnecessary spending Employees from gov t waste 3 Which type of expenditure is more likely to support a North Carolina job state government or private citizen http abclocal go com wtvd story section n ews local id 6784337 State government Wage cuts vs massive lay offs



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