bracelets online Unemployment and Inflation

by chrome hearts online store

bracelets online Unemployment and Inflation

Article Summary: Unemployment can be defined as the number of people throughout the economy who are prepared to work but cannot find a job, the rate of unemployment is measured by getting the number of people throughout the economy that are jobless and are between bracelets online age of 16 to 65 years and this really is divided by the total number of working force in the economy. inflation on the other hand can be explained as the consistent rise in price for any prolonged time period throughout the economy, this increase in price include all the products or services throughout the economy and in many instances inflation will result in a recession in the economy.

Unemployment can be defined as the amount of people in the economy whore prepared to work but cannot look for a job, the speed of unemployment is measured by getting the number of people in the economy that are jobless and are between bracelets online age of 16 to 65 many this is divided by the total number of working force throughout the economy. inflation on the other hand can be defined as the consistent rise in price for any prolonged period of time throughout the economy, this increase in price include all of the goods and services in the economy as well as in most cases inflation will lead to a recession throughout the economy.

The Phillips curve is a theoretical perspective from the relationship which exist between inflation and unemployment, the Phillips curve depict that after inflation rises then the rate of employment is high and if inflation is low in the economy then the rate of employment is low in the economy. Keynes however tried to explain what causes inflation as cost push and demand pull, regarding cost push the inflation is brought on by the increase in wage rate in the economy. Demand pull inflation is as a result of increased demand which exceeds the aggregate supply.

Inflation and unemployment in the UK:

According to the Phillips curve employment and inflation are related for the reason that once the rate of inflation increases then bracelets online rate of employment will even increase, when inflation decreases then bracelets online Phillips curve depict the level of employment throughout the economy will even decrease. Below may be the Phillips curve:

In the above diagram when inflation is high then the rate of unemployment is low so when the inflation level is low then the rate of unemployment is high.

We can therefore construct a Phillips curve while using above information to discover whether an increase in inflation level will lead to a rise in employment; this is done by representing the graph the following:

The above diagram shows the amount of employment and inflation, nevertheless it doesnt represent the Phillips curve for that the past few years, and this can be explained through the theory of natural unemployment by Milton Friedman. Milton Friedman agued that increased inflation will lead to increased unemployment levels.

According to Milton Friedman there are a level of unemployment which he known as natural unemployment, natural unemployment appear in an economy and he stated that by increasing levels of inflation will not definitely lead to high employment levels because increased inflation could also result in higher unemployment levels which is what he known as natural unemployment.






Other news for Tuesday 21 August, 2012


View all news for Tuesday 21 August, 2012 on one page




News for Tuesday 21 August, 2012


View all news for Tuesday 21 August, 2012 on one page




Recent News




News archive

the factory onesedatedeve

the factory onesedatedeve

first pitch chaelincl mattyboy90 x chromeheartsofficial chromeheartsofficial

first pitch chaelincl mattyboy90 x chromeheartsofficial chromeheartsofficial

stud+ly

stud+ly

+ payden + chromeheartsofficial

+ payden + chromeheartsofficial

live forever karllagerfeld

live forever karllagerfeld