What must be done to lower the rate of unemployment?
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- What are the macroeconomic factors, such as inflation, interest rates, and exchange rates, that could impact our business, and how can we mitigate their effects?Outline the significance of unemployment?1. What are the ethical implications of federal minimum wage? Who does it help, and who does it harm? Does raising the current level of the minimum wage increase unemployment, drive business away, or harm the very poor?
- How important is for a business student to know the economic indicators?How do we take the effects of inflation out of GDP to compare economic well-being over time? .And how do we compare economic well-being across countries?1. What is economics, and how can you benefit from understanding basic economic concepts? 2. Compare and contrast the world’s major economic systems. Why is capitalism growing, communism declining, and socialism still popular?
- Define Unemployment?1.Are you agree that all economic growth is good? 2.Are you agree that nature has an almost unlimited storehouse of resources for human use?1.)According to Okun's law, if the unemployment rate goes from 10% to 8%, what will be the effect on the GDP? 2.)According to Okun's law, if the GDP goes down 1%, what has happened to the unemployment?