(B)What causes today’s continuing high unemployment remains a central economic question of our time. According to some economists, the computer revolution eliminates more jobs than it creates.Technology has solved many social problems and has had profound effects on jobs, but changes have occurred...
High, persistent unemployment can signal serious distress in aneconomyand even lead to social and political upheaval. Sign of an Overheating Economy A low unemployment rate, on the other hand, means that the economy is more likely to be producing near its full capacity, maximizing output, driving...
A drop in aggregate demand driven by shocks to household balance sheets is responsible for a large fraction of the decline in U.S. employment from 2007 to 2009. The aggregate demand channel for unemployment predicts that employment losses in the non-tradable sector are higher in high leverage ...
What does too much money in the economy lead to? What is aggregate demand in macroeconomics? What is monetary value in economics? What does strict unemployment mean? What is stagflation in macroeconomics? What has the growth of the service economy caused?
6. Where do the speakers plan to go? A. The woman's home. B.A museum. C.A library. 7. Why does the woman want to go on Saturday afternoon? A. To enjoy the nice weather. B. To sleep late in the morning. C. To avoid the crowd. ...
When unemployment is high, mid-level jobs are the most difficult to find, while minimum-wage jobs are always plentiful but are not profitable and are therefore not considered gainful employment for the majority of the work force. Highly skilled professionals, particularly in medicine and technology...
Does economic growth always lead to inflation? Explain. What are effects of inflation? What/How actual potential gdp related to unemployment?What are effects of inflation? What/How actual potential GDP related to unemployment? As the economy approaches the peak of a business cycle inflation tends...
Stagflation is an economic condition characterized by slowing economic growth, high unemployment, and rising prices (inflation) simultaneously. Stagflation is an economic nightmare, both for those who live through it and the policymakers called on to solve it. This rare economic condition defies the ...
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Furthermore, unemployment results in increased debt and poverty, crime, severe financial hardships, family tensions and breakdowns, and homelessness. It is usually caused by the slow growth of industrialization, population increase, and slow economic growth, among others. Moreover, unemployment can ...