| |Material | |[pic][pic]Current Location: Types of Inflation | |[ Top ] : [ Inflation ] : Types of Inflation | |[pic] |Definition | | |Inflation is an increase in the general level of prices over a stated period
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Trends in jetems.scholarlinkresearch.org Economics and Management Sciences (JETEMS) 2(1):1-8 (ISSN:2141-7024) Budget Deficit and Inflation in Nigeria: A Causal Relationship 1 1 S. O. Oladipo and 2T. O. Akinbobola Department of Economics and Accounting‚ Bells University of Technology‚ Ota‚ Nigeria 2 Department of Economics‚ Obafemi Awolowo University‚ Ile-Ife‚ Nigeria Corresponding Author: T. O. Akinbobola ____________________________________________________________ ______________________________
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INFLATION vs UNEMPLOYMENT Which is the Bigger Evil ? Firstly‚ what is inflation and what is unemployment ? Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy. The most frequently cited measure of unemployment is the unemployment rate.This is the number of unemployed persons divided by the number of people in the labor force‚ while inflation is the rate of change in the general level
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Name:___________ Date Due:__August 01‚ 2011_______ Chapter 8: Unemployment and Inflation 1. What does the unemployment rate measure? ___________________________________________________ ____________________________________________________________ ______________________________ 2. What does the labor force participation rate measure? ___________________________________________ ____________________________________________________________ ______________________________ 3. If the
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The case of youth unemployment in Nigeria has been a popular discourse with various perspectives to causes and consequences of unemployment. The rate of youth unemployment has been alarming according to the National Bureau of Statistics. In 2004‚ young people aged between 15-24 years made up 52.9% of the total number of unemployed persons while those aged between 25-44 made up a further 41.1% . It is also estimated that there would be 14 million new entrants into the labour market between 2009-2011
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Mudharabah : Islamic Solution to Unemployment Crisis 1 Islamic Solution to the Unemployment Crisis Ezry Fahmy Bin Eddy Yusof International Islamic University of Malaysia (IIUM) Economics in the Qur’an and the Sunnah Mudharabah : Islamic Solution to Unemployment Crisis 2 1.0 INTRODUCTION The whole world is now in the grip of a financial crisis which is far more serious than any experienced since the Great Depression. It has taken more than $3 trillion of bailout and liquidity
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INFLATION : A sustained rise in the prices of commodities that leads to a fall in the purchasing power of a nation is called inflation. Although inflation is part of the normal economic phenomena of any country‚ any increase in inflation above a predetermined level is a cause of concern. How is inflation measured Inflation in India is measured through a WPI ( wholesale price index ) . In India‚ the wholesale price index (WPI)‚ rate consisted of three main components - primary articles‚ which
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The issue of unemployment is a suffer for the majority of countries in the world and it is clear that the wealthier a nation is‚ the better it deals with such a case. I think that everything derives from the point that in well developed states people are replaced by machines‚ robots and computers at work. Consequently they have nothing to do and become jobless . Unfortunately‚ inventions substituting people are much cheaper in exploitation . However‚ there are few things than can be done to stop
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country is facing today‚ the problem of unemployment is one of the most serious Unemployment is defined as condition of a person who is willing to work but unable to find a paying job. There are various factors that are responsible for unemployment i country. Unemployment can be due to seasonal layoff particularly in agricultural sector. It can be due to technological changes in an automated industry or due to lack of adequate skills by the workers. Unemployment can also be due to fluctuation in the
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There can be no trade-off between inflation and unemployment whether in the short or the long run. Comment. Inflation is a major challenge; the world is facing today and has become an impediment to robust growth. However‚ this problem is not new. In 1981‚ The Gallup Organisation in the US conducted opinion polls asking people‚ what is the most important problem‚ their country was facing‚ and a majority named inflation. Although governments in different countries have been using
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