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Why might a favorable change in the economy, such as technological improvement or a decrease in the price of imported oil, be associated with an increase in frictional unemployment?
Austerity Measures
Economic policies implemented by a government to reduce public expenditure in an attempt to control public debt.
New Public Management
An approach to running public service organizations that is inspired by private sector principles and practices, emphasizing efficiency, performance measurement, and a service-oriented culture.
Solidarity Unionism
A model of labor organizing that emphasizes direct action and mutual support among workers, bypassing formal union structures and legal recognition processes.
Co-determination
A practice where workers have a role in the management and decision-making processes of a company, often through representation on boards.
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