Inflation : measurement ‚ causes and consequences Measuring Inflation The main measure of inflation is the consumer prices index (CPI) : a measure of changes in the price representative basket of consumer goods and services . Differs from retail prices index (RPI) in methodology and coverage. - It forms the basis for the inflation target that the government requires the Bank of England’s Monetary Policy Committee to achieve. - It is also the main measure used in the rest of the European
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Analyse the causes of Unemployment in the UK Introduction Unemployment means being out of a job and being out of work for many reason‚ which could include various reasons such as educational factors‚ willingness to work‚ inflation‚ recession and many other reasons associated with a person or the employer. It is made up of those who want work and excludes those who are retired‚ disabled and those who can work but are not seeking a position or job. Tong says (2012) ‘government collects labor statistics
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Inflation is the overall level prices of goods and services rapidly increase in an economy over a period time. When the overall price level increases‚ it will affect the decreasing purchasing power of the currency. An economic inflation is not occurs suddenly‚ it is causes by three types of inflation. The first cause is demand-pull inflation results from increases in aggregate demand on goods. The excess demand will cause the level price of goods rises. This is commonly described as "too much
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reducing unemployment and inflation. In your discussion make use of the diagrammatic representation of the macroeconomy developed in lectures in Term 2 | Unemployment and inflation are factors that have negative effects on the performance of the economy as a whole. Therefore‚ policies to achieve low and stable price inflation‚ a high and stable level of employment are big macroeconomics issues of our time. This essay focuses on discussing the role of government policy on reducing unemployment and
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lending. · US interest rates kept too low for too long around 2003-2005. This encouraged an asset bubble‚ especially in US. The problem was that inflation was low and people felt this was the most important target. In targetting inflation‚ people ignored the asset bubble. (see: Mistakes of Alan Greenspan[->0]) · Bad Loans. Probably the biggest cause of the current credit crisis. Banks and mortgage companies made a serious of bad loans especially for subprime mortgages. Basically‚ people were lent
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Food Inflation Trends and Causes In our country almost 40% people are living below the poverty line and high inflation makes it extremely difficult for them to maintain the livelihood. Though Inflation hits the poorer the most‚ it also affects the middle class of our society significantly. For past few months Indian economy has been witnessing consistent spiralling food prices. Country got some respite with the food inflation rate declining to 6.60 percent for the week ended November 26‚ from
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Eucalypus Oil Remedies. Eucalyptus opens the lungs and encourages breathing‚ clears clogged nasal passages and bronchial congestionmaking eucalyptus one of the best known cold remedies.Eucalyptol‚ one of its main constituents‚ is found in many over-the-counter cough drops. Eucalyptus oil is also a good pain reliever for sore muscles and arthritis pain. Remedies The eucalyptus oil is a multipurpose essential oil‚ that can be used as a home remedy for treating congestion and colds. Add 5-10 drops
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The National Minimum Wage (NMW) was introduced by the Labour Government on 1 April 1999 as a labour regulation to replace the wages council which had been abolished in 1993 as they were considered inappropriate. It is regulated under the National Minimum Wages At 1998 and the Minimum Wages Regulations 1999 and covers all workers except farm workers’ wages which are regulated by the Agricultural Wages Board. (Rose 2004) defines NMW as a minimum wage any employer must pay its workers as defined
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MANAGING GLOBAL ENVIRONMENT (continuation) The World Trade Organization (WTO) * Evolved from the General Agreement on Tariffs and Trade (GATT) in 1995. * Functions as the only global organization dealing with the rules of trade among nations. * Has 145 member nations. * Monitors and promotes world trade. Different Types of Global Organizations * Multinational Corporation (MNC) * A firm which maintains operations in multiple countries but manages the operations from
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NIGERIA’S HIGH RATE OF UNEMPLOYMENT 18 Sep 2013 The government should move fast to curtail the scourge The chairman of the Subsidy Reinvestment and Employment Programme (Sure-P)‚ Dr. Christopher Kolade‚ has bemoaned the rising rate of unemployment in the country‚ saying that no fewer than 40 million Nigerians are without jobs. Even before Dr. Kolade spoke‚ Nigerians were already aware of the dire situation as unemployment rate in the country has been increasing over the years. According to
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