Differentiate between inflation and unemployment, Microeconomics

Assignment Help:

Differentiate between inflation and unemployment. 

Inflation is an increase in the general price level that results in a decline in the purchasing power of money. In economics, a person who is able and eager to work yet is unable to find a paying job is considered unemployed. The unemployment rate is the number of unemployed workers separated by the total civilian labor force, which contains both the unemployed and those with jobs (all those willing and able to work for pay). In practice, calculating the number of unemployed workers actually seeking work is notoriously difficult. 

 


Related Discussions:- Differentiate between inflation and unemployment

Define law of demand, Define law of demand.  Answer:   Quantity demande...

Define law of demand.  Answer:   Quantity demanded increases as price falls, other things constant. In other words, "Other things remaining the same, when the price of a good r

Monopoly, b) Why is monopoly considered to be generally against public inte...

b) Why is monopoly considered to be generally against public interests, and what policy instruments can be used to regulate monopolies?

Point elasticity of demand, Point Elasticity of Demand - For large pric...

Point Elasticity of Demand - For large price changes (such as 20%), value of elasticity will depend upon where price and quantity lies on demand curve. - Point elasticity me

Criteria of a good forecasting method, Criteria of a Good Forecasting Met...

Criteria of a Good Forecasting Method: 1. Simplicity : and Ease of Comprehension: Management must be able to understand and have confidence in the techniques used compli

Calculate the traditional net present value, Fiera Corporation is evaluatin...

Fiera Corporation is evaluating a new project that costs $45,000.  The project will be financed using 40% debt and 60% equity, thus maintaining the firm's current debt-to-equity ra

Explain the evolution of exchange rate system, Problem 1 (a) Explain th...

Problem 1 (a) Explain the evolution of exchange rate system in Mauritius. (b) According to you, what factors determine exchange rates in the long run? Problem 2 "Inf

Sample survey and test marketing, Sample Survey and Test Marketing: Under...

Sample Survey and Test Marketing: Under this method some representative households are selected on random basis as samples and their opinion is taken as the generalized opinio

The marketing system, Which of the following industries do you think are li...

Which of the following industries do you think are likely to exhibit large economies of scale? Explain why in each case. a. House building b. Electricity generation c. Market ga

Factors of production, Factors of Production Factors of production are ...

Factors of Production Factors of production are the resources that are utilized to manufacture goods and services: 1. Natural resources: The things developed by acts of n

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd