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konstantin123 [22]
3 years ago
8

why does the unemploymenr rate remain about zero percent during economic expansions? is this a good or bad thing for the economy

? explain
Business
1 answer:
gregori [183]3 years ago
3 0

Answer:

As below

Explanation:

When unemployment is about zero percent, everyone actively searching for a job will be employed. Expansion in the economy means growth in all industries, including manufacturing and services. As the industries grow, they will hire workers to help support growth. Continued growth will lead to the employment of more people, resulting in zero unemployment. Theoretically, it is possible to have zero percent unemployment.

Zero unemployment is bad a thing for the economy because of the following reasons.

  1. At zero employment, wages are likely to rise to a level that would hurt profitability in the economy. Companies will be competing to hire the few available workers. Reduced supply versus high demand will push wages high.
  2. Employment turnover will be very low. Companies will not be able to fire inefficient workers. Finding competent ones to replace them will be difficult. Less competition in the employment sector will make workers less productive.
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Explanation:

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8 0
3 years ago
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In 1970 Professor Fellswoop earned $12,000; in 1980 he earned $24,000; and in 1990 he earned $36,000. If the CPI was 40 in 1970,
Arte-miy333 [17]

Answer:

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Explanation:

Year        Salary        Percentage Salary Increase        CPI Increase

1970       $12,000     -                                                      -

1980       $24,000    100                                                 50

1990       $36,000    50                                                   83.3

As can be seen in the table, the Professor's salary increase from 1970 to 1980 was twice as much as the CPI increase during the same period.

On the contrary, his salary increase from 1980 to 1990 was significantly less than the CPI increase during the same period.

Therefore, the professor's salary was highest in 1980.

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Answer:

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