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Redundancies often affect lower income people more both because they might be more likely to be made redundant and redundancy pay-offs are usually linked to income.
With a larger pool of unemployed, pressure to raise the minimum wage will be reduced so those in work are likely to have smaller or no pay increases. Employers often use recessions as an opportunity to worsen the terms of employment so non-wage benefits might also be reduced.
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If the country is in a recession what will the government do to the interest rates to stimulate the economy?
lower
Who originated the theory that advocates in a recession the people spend and the government lower taxes?
Arthur Laffer allegedly scribbled the idea for his now famous "Laffer Curve" allegedly showing a an inverse and direct relationship between income tax rates and taxable income. The now discredited theory held that lowering effective income tax rates actually led to an increase in taxable income.
What does the economic recession mean for an average person?
Recession or depression brings mainly the risk of unemployment and lowering purchasing power for people's income - due to possible inflation and lower salaries and wages. Thus, recession or depression may translate to lower standard of leaving for an average person. There are other outcomes that are possible: * Decreasing value of net worth of savings, retirement savings, and investments due to, for example, poor performance of capital markets * Mental depressions and mood swings due to poorer short and medium term outlooks relating to personal lives.
During a recession what must happen to interest rates to spur economic growth?
The government will lower them to decrease the portion of income allocated to mortgage repayments and allow people to spend more money at retail outlets, on holidays and other descretionary goods.
Using indifference curve analysisshow that income subsidy provided to the poor involves lower financial burden to the govt than excise subsidy for a given increases in consumption of poor families.?
lol, do you go to university in western australia?
Why is being qualified to lease apartments based on income?
Some apartments receive government funds for providing apartments to lower income families.
What phase of the business cycle do employees lose their jobs to new applicants who are willing to accept lower wages?
recession
What is the strayer procedure?
Gastrochemius recession(Lower leg)
Black families today are lower class middle class or upper class?
Depends on their income. Just like any other worker's.
What would it affect if the Great Barrier Reef was destroyed?
Australia because there will be lower income because of loss of tourism.
What is the average income of people who shop regularly at discount stores?
People shop at discount stores for a variety of reasons. It's impossible to put an "average" income on these consumers. Frugal, wealthy individuals are just as likely to shop there are lower income families.
If the country is in a recession what will the government do to the interest rates to stimulate the economy?
lower
Who originated the theory that advocates in a recession the people spend and the government lower taxes?
Arthur Laffer allegedly scribbled the idea for his now famous "Laffer Curve" allegedly showing a an inverse and direct relationship between income tax rates and taxable income. The now discredited theory held that lowering effective income tax rates actually led to an increase in taxable income.
Characteristics of an economic recession?
There are many areas which have undergone an economic recession. The four main characteristics of a recession are reduced value of assets, increased unemployment, an increase of government borrowing, and lower standards of living.
If expense is overstated will net income be lower?
Net Income = Sales - ExpensesSo as many expanses net income will be lower.
Are nuclear or extended families more prevalent in Mexico?
Both. Most middle-income, urban families are composed of both parents and one or two children. Lower income, such as rural and "blue collar" families, include the extended family under the same roof.
What percentage of people who use computers among lower income families?
Close to 100%. ATMs and Cellular Phones are computers. Input, Processing, Storage, Output. If a machine does that, it is a computer.
