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How does a low unemployment rate affect a nation's economy?
The nation has a higher number of productive resources when the unemployment rate is low.
In late 1999 the U.S. unemployment rate was?
In late 1999, the U.S. unemployment rate was
What are two features of sustainable economic growth?
Low and stable inflation rate. Low unemployment rate.
What was the U.S. unemployment rate in late 1999?
low
What country in southeast Asia has a low unemployment rate?
thailand
What is the unemployment rate of Monaco?
Monaco has a very low unemployment rate, estimated to be around 2% as of 2021. The economy of Monaco is primarily driven by tourism, finance, and real estate, which helps to keep unemployment levels low.
How does low unemployment occur?
The only time the rate is low is when people are wanting to work, and willing to work. Our current rate is 4.8%.
How can one calculate the inflation rate using the unemployment rate as a key factor?
To calculate the inflation rate using the unemployment rate as a key factor, you can use the Phillips Curve. The Phillips Curve shows the relationship between inflation and unemployment. When unemployment is low, inflation tends to be higher, and vice versa. By analyzing this relationship, economists can estimate how changes in the unemployment rate may impact inflation.
What do changes in the unemployment rate indicate?
It generally indicates whether an economy is picking up or slowing down.
What is the unemployment rate of Jersey?
As of September 2021, Jersey's unemployment rate was 2.9%. It is relatively low compared to many other countries.
What is the Unemployment rate now?
What is the national unemployment rate
What was the US unemployment rate 1944?
According to the Vidal Statistics the unemployment rate in 1940 was 14.6% (8.1 million total unemployed)
