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What can happen to the economy when the level of unemployment is very low?
Wiki User
∙ 9y ago
If unemployment rates are low, the economy will become stronger. This is because more people have jobs and income that allow them to spend more.
Wiki User
∙ 9y ago
Wiki User
∙ 10y agocompanies have difficulties recruiting workers
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How did the panic of 1837 affect the economy?
the panic of 1837 affected the nations economy by entering an economic depression where the business and unemployment fell to a very low level.
What type of economy does Greenland have?
Greenland's economy has been described as being very small and weak. Unemployment is still very high in Greenland. Exports of fish products in Greenland are in excess of 300 million dollars annually.
How does an increase in unemployment negatively affect your government?
Increased applications for unemployment benefits directly reflect the loss in the number of jobs available to workers. The actual cost of paying unemployment benefits to the unemployed, is actually very small compared with other government spending. Paying unemployment benefits to those who need it, actually benefits the country's economy, because it prevents jobless individuals and their families, to overwhelm other government programs such as welfare. Paying unemployment benefits also prevents individuals to fall into poverty-related social problems, which would result in higher costs to deal with their consequences and to bring individuals back to join the work force, which at the end, is what keeps the economy rolling and growing.
What is core economy?
I think it is a very important or good economy.
There is very little business activity and high unemployment during an?
recession
How did the panic of 1837 affect the economy?
the panic of 1837 affected the nations economy by entering an economic depression where the business and unemployment fell to a very low level.
What is the status of Norway?
Norway currently has a very helthy economy. The country has the second lowest unemployment rate in Europe.
What is fundamental in an economy to create unemployment?
To create unemployment the economy needs to slow down to very low levels and people need to stop buying things. Businesses will then lose money and have to cut costs which usually mean laying off workers.
What type of economy does Greenland have?
Greenland's economy has been described as being very small and weak. Unemployment is still very high in Greenland. Exports of fish products in Greenland are in excess of 300 million dollars annually.
What would happen to the level of ultraviolet radiation if there was no ozone?
The level will go very high. If there was no ozone.
The ecomny of Uruguay is generally healthy or unhealthy?
It had a crysis in 2002 but the economy is growing since then and today is very stable. Unemployment has reached a historic minimum this year.
What is difference between disguised unemployment and seasonal unemployment?
open unemployment is a situation where people with the capability to work/to be employed are not employed and do not contribute to the nations productivity. It is easy to recognize opem unemployment. It does not offer any wages. It is harmful for the individuals' economy. Disguised unemployment is when people appear to be employed but their contributions towards the firm's output is very low and often negative. It is difficult to recognize disguised unemployment. It offers salaries/wages. It is harmful for the country's economy. One of the leading causes of low agricultural productivity in india.
Will unemployment increase or decrease?
Inflation is always increasing. The US is seeing very little inflation because the way the economy works, but nevertheless prices do rise (gas, milk, etc.). But these are always fluctuating anyway.
Why inflation at very high level and very low level is harmful for economy?
Inflation at a very low level will be harmful for the economy because when the low infaltion will prevail in the economy purcahsing power of the people will get high and they will demand for more goods increase in demand will leads to increase in production in the short run it will be profitable but in the long run it will be harmful for the economy because in the lon run factors of production will be repletion and will lead to lower production and leads to economic crised. in the long run factors of production decides the price of the products not the demand of the products.
Is South Africa a developing or developed country?
South Africa has a tier two economy. One part showing very strong traits of a developed region, but due to it's high unemployment and inequality it's officially classified as a developing or emerging economy.
Is near zero level inflation is bad?
Though a Zero inflation is practically very difficult to achieve, very low levels of inflation are actually bad for the economy. Inflation determines the increase in prices of goods and services in a country's economy year on year. A very low or zero inflation means a very low level of growth in prices for goods and services which in turn implies that the economic growth in the country is also very poor. In a growing or flourishing economy the prices of goods and services increase in a steady and consistent manner year on year. This means the country's economy is growing steadily. Inflation rates of around 5-6% are considered ideal for countries. A very low inflation is bad for the economy and at the same time a double digit inflation is also very bad for the economy.
What is a national depression?
A depression, sometimes called a panic, is a serious economic slump in the economy of the nation. It affects all levels of the economy from local to state to nation. It is usually characterized by very high unemployment, low prices of consumer items, low wages, and loss of workers benefits.
