Search results
Results from the WOW.Com Content Network
The formal cause of a change or movement. This is a change or movement caused by the arrangement, shape, or appearance of the thing changing or moving. Aristotle says, for example, that the ratio 2:1, and number in general, is the formal cause of the octave. Efficient, or agent The efficient or moving cause of a change or movement.
Frictional unemployment occurs when a worker is voluntarily between jobs. This is normal and healthy for the economy, as it increases the matches between job openings and seekers. Structural unemployment is caused by structural changes in the economy. This includes technological changes and the movement and relocation of certain industries.
The New York Times reported some of the causes and consequences of higher black unemployment in February 2018: "Even at the low of 6.8 percent recorded in December [2017] — it climbed back to 7.7 percent in January — the unemployment level for black Americans would qualify as a near crisis for whites. And the relative gains have not erased ...
Unemployment at times was between one and two percent. The tight labor market was a factor in productivity gains by allowing workers to maintain or to increase their nominal wages during the secular deflation that caused real wages to rise at various times in the 19th century, especially in its final decades. [138]
In chapter 3, Aristotle presents his theory of the four causes (material, efficient, formal, and final [4]). Material cause explains what something is made of (for example, the wood of a house), formal cause explains the form which a thing follows to become that thing (the plans of an architect to build a house), efficient cause is the actual ...
Aristotle categorized the four types of answers as material, formal, efficient, and final "causes". In this case, the "cause" is the explanans for the explanandum, and failure to recognize that different kinds of "cause" are being considered can lead to futile debate. Of Aristotle's four explanatory modes, the one nearest to the concerns of the ...
The structural or natural rate of unemployment is the level of unemployment that will occur in a medium-run equilibrium, i.e. a situation with a cyclical unemployment rate of zero. There may be several reasons why there is some positive unemployment level even in a cyclically neutral situation, which all have their foundation in some kind of ...
The natural rate of unemployment is the name that was given to a key concept in the study of economic activity. Milton Friedman and Edmund Phelps, tackling this 'human' problem in the 1960s, both received the Nobel Memorial Prize in Economic Sciences for their work, and the development of the concept is cited as a main motivation behind the prize.