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Low unemployment rates in the country employers offer higher wage to meet their higher payroll costs and maintain profits they charge consumers more for goods and services what are the consequences?
Wiki User
∙ 8y ago
a wage price spiral of ever-increasing prices
Wiki User
∙ 8y ago
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What refers to the adjustment of an economy's money supply by a central bank in order to maintain price stability lower unemployment and ensure economic growth?
Monetary policy
What terms refers to the adjustment of an economy's money supply by a central bank in order to maintain price stability lower unemployment and ensure economic growth?
Monetary policy
What term refers to the adjustment of an economy's money supply by a central bank in order to maintain price stability lower unemployment and ensure economic growth?
Monetary policy
What happens to the quantity of labor demanded when there is a rise in the real wage rate?
When real wages increase then the demand for labor slows. Employers must maintain their budgets, so they will not employ more people than their budgets can stand.
What is the relationship between unemployment and inflation?
There has been an inverse relation between rate of inflation and the rate of unemployment in an economy. The more the entrepreneur extends the employment opportunity the more he has to pay to that particular factor of production and the more payment to factor of production the increase in the cost of producing a unit will be observed and in order to maintain the profitability of the product the entrepreneur will inflate the price of that product. A similar process will be observed through out the economy when the government intends to create job. The price of products or services, where the workforce is installed, will increase hence an increase in the rate of inflation will be visible through out the economy.It can be concluded from the aforesaid explanation that when a government intend to lower down the rate of unemployment it had to bear the increase rate of inflation in the national economy.
Are consumers really unnecessary in an ecosystem?
No,because consumers maintain a proper ecosystem,food web .
What is the importance of computers for hr?
Because to maintain employers list and their details
What would the consequences be of not trying to create or maintain a diverse environment?
i need help
what OSHA are employers required to maintain accurate occupational injury and illness records?
OSHA 300
What consumer forum?
main function is to maintain fair practices by the seller towards consumers.
How do consumers get the food they need to maintain life?
How Does A consumer Get its Energy: by eating.We get energy by eating food.
What philosophers would maintain that you judge the morality of actions from their non moral consequences?
Peter Singer
Why did consumers like polyester?
Consumers prized polyester for its wrinkle resistance and iron-free maintenance, its ability to maintain shape after repeated washing, and its permanent heat-setting treatment process.
What are the consequences converting your saline pool to chlorine?
You shouldn't have a problem. You will have to check and maintain the chlorine level at least weekly.
What is the purpose of sales promotions?
Companies use sales promotion:(1) to attract new product users who will hopefully turn into loyal consumers; (2) to reward existing consumers with a price reduction to maintain their loyalty; and (3) to encourage repeat sales from occasional consumers.
What does the Heath and Safety at Work Act require employers to do with regards specifically to plant?
provide and maintain plant that is safe and without risk to health
What are your suggestion about unemployment?
Unemployment is a state of mind only as real as the employees, employed or unemployed, who maintain it. In order to be unemployed, one must necessarily view themselves as a future employee instead of a business person or entrepreneur. With every rise in unemployment levels new start up businesses by former employees rise. Because of market volatility and the variance in effort and knowledge by those start up entrepreneurs, many have failed and many will fail in the future. Of those failures, some will keep trying and some will give up and decide they are, after all, merely an employee. <><> Many are unemployed because employers are not hiring, so they have no choice as to working or not.
