1) Kate is unemployed because of "Frictional unemployment". This type of unemployment is the time period between jobs when a worker is searching for or transitioning from one job to another. Paul is unemployed because of "Structural unemployment". This type of unemployment is caused due to mismatch between the requirements of the employers and the properties of the unemployed. Sam is unemployed because of "<span>Cyclical unemployment". This type of unemployment that occurs when there is not enough aggregate demand in the economy to provide jobs for everyone who wants to work.
2) </span>Cost-push inflation basically means that prices have been "pushed up" by increases in costs of any of production<span> in labor, capital, land or entrepreneurship.</span> Demand-pull inflation occurs when there is an increase in aggregate demand in households, businesses, governments and foreign buyers. The impact of these inflation on fiscal policy decisions is that, If an economy identifies what type of inflation is occurring (cost-push or demand-pull), then the economy may be better able to rectify rising prices and the loss of purchasing power. <span> 3) GROSS DOMESTIC PRODUCT: </span><span>Since consumer spending represents around two-thirds of GDP, a small change in consumption exerts a significant effect on GDP. This means that as the stock market falls, it causes GDP t9 fall even further, which further intensifies the downward pressure on the stock market.
PERSONAL/DISPOSABLE INCOME: </span>In addition to income taxes, the government subtracts health insurance premiums and involuntary retirement plan contributions from gross income when calculating disposable income for wage garnishment purposes.<span>
UNEMPLOYMENT RATE: In</span> tough economic times, the unemployment rate may be lower than the number of people out of work because the official rate only includes those actively looking for work. Those workers who have become discouraged and dropped out of the labor force are not counted in unemployment statistics. For the same reason, men or women who do not work for an employer, but work full-time at home raising children are not factored into the official unemployment number.
Answer: Market economies utilize private ownership as the means of production and voluntary exchanges/contracts but in a command economy, governments own the factors of production such as land, capital, and resources.
Getting into college in Japan is more a matter of performance on standardized tests rather than extracurricular activities and in-class grades like in the United States.
When you have a sore throat, fever or diarrhea, these are symptoms or infectious diseases that can easily be transmitted to other people by making hand contact, with fluids or just by being in the same room. Therefore, in a work office its better to stay away at home, taking care of the disease and avoid making other people sick.
