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The only time the rate is low is when people are wanting to work, and willing to work. Our current rate is 4.8%.
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∙ 7y ago
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What does the Phillip's Curve illustrate?
A graph that shows that there is a relation between unemployment and inflation: One can either have a high inflation and low unemployment or low inflation with high unemployment.
How does a low unemployment rate affect a nation's economy?
The nation has a higher number of productive resources when the unemployment rate is low.
What does a low rate of unemployment indicate?
24. A high unemployment rate indicates low economic growth. security. freedom. efficiency.
Why does unemployment occur?
=Unemployment occurs because people are looking for jobs and cant find them or they just don't have a job.=
When does structural unemployment occur?
when the need for a particular skill decreases
In late 1999 the U.S. unemployment rate was?
In late 1999, the U.S. unemployment rate was
What is a cyclical unemployment?
Cyclical Unemployment results from business recessions that occur when aggregate (total) demand is insufficient to create full employment.Cyclical Unemployment is due to contractions in the economy
What was the U.S. unemployment rate in late 1999?
low
Which of these is not a cost of recession?
low unemployment
What is the unemployment rate of Monaco?
Monaco has a very low unemployment rate, estimated to be around 2% as of 2021. The economy of Monaco is primarily driven by tourism, finance, and real estate, which helps to keep unemployment levels low.
What country in southeast Asia has a low unemployment rate?
thailand
What are the different economic and non economic costs of unemployment?
Economic costs is the decrease in goods and services that occurs as result of unemployment but non-economic cost is the increase in goods and services that occur as result of unemployment.
