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A decrease in consumer spending.
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∙ 12y ago
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What is the likely result of deflation a. economic growth b. high unemployment c. rising prices d. high tax rates?
b. high unemployment
Which was the decade of high inflation and high unemployment?
Which was the decade of high inflation and high unemployment
Do monetarists argue that the Natural rate of unemployment can be reduced by macroeconomic policies designed to stimulating aggregated demand?
They do, but inflation will result, the monetarist view of the natural rate is that it is the non accelerating inflation rate of unemployment (NAIRU) to move below this will result in high inflation and is therefore not worth the benefit of the reduced unemployment.
Why is unemployment rate important?
The unemployment rate can be a good indication of the economy's state. High employment rates show a lack in the growth of the economy and vice versa. Also, high levels of unemployment result in a decrease in general consumption (people have less money to spend as they are searching for jobs) and this will contribute to slow business growth.
Can you give me a sentence that has the word unemployment?
Unemployment is high.
What are the effects of unemployment on Michigan's economy?
the effects of unemployment on Michigan's economy may result in longer unemployment for the state. nearly half of michigan's unemployed in 2010 were out of jobs for over 6 months which seemed to be at an all-time high for the state compared to the past recessions
What was the result of England's depression in the wool industry in the 1620?
It caused high unemployment, particularly in the southwestern countries where large numbers of puritans lived
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.
Is the unemployment rate high or low in the us?
The unemployment rate usually rises during a recession.
Why is high unemployment a macroeconomic issue?
High unemployment is a macroeconomic issue as it deals with economy and population at large.
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.
Which was a result of the Great Depression worldwide?
global unemployment
