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When the price level and the money wage rate rise by the same percentage what happens to unemployment?
Wiki User
∙ 11y ago
the outcoem will rise as well but in the GDP will stay at the same level
Wiki User
∙ 11y ago
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How does the Phillips curve relate the percentage rate of money supply to the level of unemployment?
It relates the percentage rate of change of inflation to the level of unemployment. It does this by looking at various historical data and coming up with a general shape for the relationship of inflation and unemployment. The general idea is that they are inversely related: so as one goes up the other goes down.
Do employers pay into unemployment in Pennsylvania?
Employers pay a percentage of the first $8000 of an employee's pay. The percentage is based on the company's claims record and on the state's record of employment, depending on the unemployment rate. The state tends to run out of money when unemployment is high and so the federal government forces the state to pay a surcharge.
What is unemployment compensation?
Typically Unemployment Compensation occurs when one loses their job either because they were fired or layed off by an employer. By law, the employer is required to pay that person a percentage of their pay for a set number of weeks. If one quits a job, it can not be collected.
If the price level rises and the money wage rate rises by the same percentage what happens to the quantity of real GDP supplied?
When the price level and the money wage rate change by the same percentage, the real wage rate remains constant at its full employment equilibrium level so employment remains constant and real GDP remains constant at "potential GDP" which is the quantity of real GDP at full employment.
What is the unemployment?
Unemployment means having no job to do to get money against.
How much does unemployment pay in KY?
Unemployment benefits are paid according to the person's income. An employer pays a certain percentage, based on salaries, into the unemployment plan. A person with an executive position gets more money than a store clerk. Everyone doesn't get the same amount in their benefit check.
What is the difference between unemployment and employment?
Unemployment is where a person is not employed and is not making money by working. Employment is where a person works and makes money.
Can you draw 401k and unemployment in Florida?
if i am getting unemployment benefits in florida and take money from my 401k does that disqualify me from unemployment benefits
Already paying child support from unemployment can some one else take money also if so what is the percentage?
Up to 50%. Did you get your support adjusted? see links below
Where does unemployment money come from in Texas?
The state of Texas pays your unemployment benefits and, in turn, collects the unemployment taxes from the employers
How does Unemployment affect money circulation in countries?
More money is in circulation
Which is better a higher or lower percentage on unemployment rate?
A lower unemployment percentage is more beneficial to the economy because it means more people have jobs therefore less tax money is going to maintain the society and that money can be put to increasing the quality of life. Also a low unemployment rate shows stability in the job market and less turnover in jobs there for companies annual revenues are higher increasing stock values. Finishing on the last point, with more people having jobs (hence lower unemployment rate) people have more liquid assets which allow investing in companies that traded on NYSE which circulates into the economy.
