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Seriously unemployment is a social problem which affects economy in worst way and reduces the growth of economy in downward direction. It means that lots of guys are jobless because of the less job opportunities. This type situation can give rise of other social evils like Poverty, Illiteracy etc. because people don't have money to make expense because of the unemployment. It also affects the image of the entire country in global way.

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What are several economic problem confronting the Philippines?

There are several economic problems our country encountered.But the first is corruption, poverty and unemployment and the most problem is misorganization of the government...philippines encounter these problems not only because of the ruler or the government handlers who manage and handle the allabouts of our country, but these problems are done by all...


What was the most serious money problem faced by people in the early US?

The money they used lacked stability.


What are the Four types of unemployment and how do they changeovervthe business cycle?

The four types of unemployment are...1) seasonal- for example an immigrant comes to pick strawberries can only have this job in the months that strawberries grow.2) cyclical- or aka laid off3) Frictional- when a person who has lost a job can easily find another similar to it. For example, suppose a nurse is out of work, she can go anywhere in the country and get a similar job, if not the same one.4) Structural- this is the most serious type of unemployment, aka the "discouraged worker" when a out of work person gives up on finding a job.


Which is the worse macroeconomic problem for t economy higher inflation or higher unemployment?

Inflation is worse than recession. Recessions end. Inflation is the most powerful force in the world and it keeps on keeping on. Inflation in the U.S., for example, has decreased the value of the dollar 84% since the beginning of 1969. The average rate of inflation in the U.S. is 4.1% on average for the past 30 years; at this rate the dollar loses half its purchasing power every 17 years. For detailed inflation data, see www.bls.gov. The data there includes an inflation chart sine 1913. Since the mid 1970s, the slope of the chart is up on an angle of approximately 45 degrees.


Is increasing economic inequality a serious problem?

well you know what oil says not till the people cant pay for gas well you know what oil says not till the people cant pay for gas

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