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unemployment

Economics Commentary (IB, IA)

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Commentary This article is about a recent decline in England?s economy, and how it may affect us on a macroeconomic level (i.e. the country?s future in regards to its, monetary policy, employment, GDP, and inflation). As England endures their economic recession we?ve seen an increase in unemployment, reductions in salaries and wages, and a decrease in consumer confidence.

Economics Commentary (IB, IA)

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Commentary This article is about a recent decline in England?s economy, and how it may affect us on a macroeconomic level (i.e. the country?s future in regards to its, monetary policy, employment, GDP, and inflation). As England endures their economic recession we?ve seen an increase in unemployment, reductions in salaries and wages, and a decrease in consumer confidence.

Ch 7 econ notes

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1.????? Real Economic growth a.?????? How does real economic growth occur? ????????????????????????????????????????????????????????????? i.????? When the factors of production improve b.????? What does it look like on an AS AD model? ????????????????????????????????????????????????????????????? i.????? Aggregate= Total ??????????????????????????????????????????????????????????? ii.????? On Y axis is Average Price Level ????????????????????????????????????????????????????????? iii.????? On X axis is Real GDP (Real Output c.?????? PPC? ????????????????????????????????????????????????????????????? i.????? AD=C+Ig+G+Xn 1.????? Consumption, Investment, Gov Spending, Exports 2.????? So the curve will shift with these factors 2.????? Business Cycle (See One Note) a.?????? Explain What it is

Skills Mismatch

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Marada and Manzala (2001) concluded that skill mismatch in the Philippines is very evident from indicators such as high unemployment and underemployment rate. According to the 2001 data, 4.5 million were unemployed and 5.1 million were underemployed, out of 33.6 million labor force participants in the Philippines. Personnel in the Department of Labor and Employment (DOLE) said that the figures presented in Manzala and Marada?s study provided a glimpse of the problems regarding skill mismatch in the Philippines. Marada, Hector B., and Teresita R. Manzala. "Mismatches in the Philippine Labor Market." (2001). Web. http://www.bles.dole.gov.ph/download/mplm.pdf

Minimum Wage

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Minimum Wage Nathan Yu ENGLISH LANGUAGE AND COMPOSITION SECTION II Question 1 (Suggested time?40 minutes. This question counts for one-third of the total essay section score.) Minimum Wage has been a highly controversial topic for many years. Supporters argue that it is necessary in that minimum wage provides more to workers, allowing them to live better lives. Others argue that minimum wage may provide temporary benefits, it only causes harm to the economy as it causes inflation and unemployment.

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