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What type of unemployment can be zero during a growth period for the economy?
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What economic period does it growth and decline?
During an expansionary period/phase, an economy grows. In a contractionary period/phase, an economy declines/retracts until it begins to grow again.
What is the economy during the pre-Spanish period?
The economy of many countries was pretty slow. There was not much opportunity for growth as international trade had not begun.
What are the automatic stabilizers in the economy?
Unemployment benefits and taxation. These are 'automatic stabilizers', because they vary with the business cycle. In a boom period, taxes will increase, and unemployment benefits will fall; whereas during a downswing/ recession, taxes will fall and unemployment benefits will increase.
What is the boom period?
The Boom Period is a part of the business cycle where there is a continuous growth in the economy.
When will the real GDP be higher than norminal GDP?
When there is a deflation in an economy (with the growth is still positive.) This is due to the fact that the value of money increase during a deflation (as opposed to inflation.) However, growth during this period is very difficult since deflation is characterized largely by deffered consumption and investments.
What happens to the economy during a recession?
An Economic Recession is a period of economic contraction (The Growth Rate shrinks and becomes stagnant)
What economic period does it growth and decline?
During an expansionary period/phase, an economy grows. In a contractionary period/phase, an economy declines/retracts until it begins to grow again.
What is the economy during the pre-Spanish period?
The economy of many countries was pretty slow. There was not much opportunity for growth as international trade had not begun.
What are the automatic stabilizers in the economy?
Unemployment benefits and taxation. These are 'automatic stabilizers', because they vary with the business cycle. In a boom period, taxes will increase, and unemployment benefits will fall; whereas during a downswing/ recession, taxes will fall and unemployment benefits will increase.
What is the boom period?
The Boom Period is a part of the business cycle where there is a continuous growth in the economy.
When the business cycle slows and causes an increase in unemployment for a short period of time the economy is experiencing a?
Bust or depression.
Is it possible for the unemployment rate to rise in a boom period?
Although always possible, it is unlikely because a "boom" implies growth which implies more hiring which implies diminishing unemployment.
Is child support considered paid during unemployment waiting period?
no see links below
What type of party is likely to appear during a period of high unemployment?
an economic protest party
When will real GDP be higher than norminal GDP?
When there is a deflation in an economy (with the growth is still positive.) This is due to the fact that the value of money increase during a deflation (as opposed to inflation.) However, growth during this period is very difficult since deflation is characterized largely by deffered consumption and investments.
When will the real GDP be higher than norminal GDP?
When there is a deflation in an economy (with the growth is still positive.) This is due to the fact that the value of money increase during a deflation (as opposed to inflation.) However, growth during this period is very difficult since deflation is characterized largely by deffered consumption and investments.
How does the government typically change fiscal policy to try to keep the economy stable during a period of rapid economic growth?
increasing taxes on business and individuals
