Natural Rate of Unemployment
The natural or (equilibrium) level of unemployment is determined by calculating the level of unemployment when the labour market is
The natural or (equilibrium) level of unemployment is determined by calculating the level of unemployment when the labour market is
Tejvan Pettinger Poverty implies low income and struggling to meet basic needs. There are two main types of poverty Absolute
Tejvan Pettinger A look at the main macroeconomic objectives (economic growth, inflation and unemployment, government borrowing) and possible conflicts between
Tejvan Pettinger Price discrimination involves charging different prices to different sets of consumers for the same good. Firms can charge
Tejvan Pettinger Economic development implies an improvement in economic welfare through higher real GDP, but also through an improvement in
Tejvan Pettinger Readers Question: how does a current account surplus affect domestic employment? A current account surplus means an economy is exporting
Tejvan Pettinger There are two main strategies for reducing unemployment – Demand side policies to reduce demand-deficient unemployment (unemployment caused
No Other Article Explains the Economic Problem As Clearly F. A. Hayek PoliticsSocialismScarcityF. A. HayekSocialist Calculation DebateEssential If you want
Tejvan Pettinger “Nothing is so permanent as a temporary government program.” Milton Friedman, “Tyranny of the Status Quo,” (1984) p.
Tejvan Pettinger What are the advantages and disadvantages for a developing economy, such as Ghana if it is dependent on