0
What else can I help you with?
Colonial powers harmed their colonies by?
Keeping wages low and taxes to high
What phase of the business cycle do employees lose their jobs to new applicants who are willing to accept lower wages?
recession
Why did the Italian Immigrants come to the US?
low wages and high taxes :)
How did colonial powers harm their colonies?
Keeping wages low and taxes to high
What does low wages mean?
low wages basically means low income!
What caused the curren recession?
Flat wages, Bad banking practices, and federal bailouts
Which describes the economy of facist Germany during the great depression?
high employment with low wages
What are some states with a low cost of living and high wages?
Some states with a low cost of living and high wages include Texas, Utah, and North Carolina. These states offer affordable housing and goods, while also providing competitive salaries for workers.
Was an effect of the Great Recession?
High unemployment was an effect of the Great Recession.
What was the effect of the 1981-1982 recession?
High unemployment was an effect of the Great Recession.
What are the conflicts between Customers and Employees?
Employees want high wages, whereas consumers want low prices.
When production is very high but demand is very low it can lead to a recession. a recovery. prosperity. the peak.?
When production is very high but demand is very low, it can lead to a recession. This imbalance results in excess supply, causing businesses to cut back on production, lay off workers, and reduce investments. As consumer confidence declines, spending decreases further, perpetuating the economic downturn. Ultimately, this cycle can lead to a prolonged period of economic stagnation or recession.
