INFLATION Inflation is a term that refers to a persistent increase in general price levels of goods and services over a given period of time. The rise in inflation is mainly attributed to rise in food and fuel costs which results in a sharp rise in the prices of goods and services in the local market. MEASURING INFLATION Consumer Price Indices Inflation rate is calculated as the rate of change in consumer price indices from one period to another. Periods can be yearly or monthly. Pa-(Pa-1)Pa-1×100Where:
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The national unemployment rate fell to 4.4 percent in October the lowest level of unemployment since May 2001. This is a sign of unexpected strength in the job market. [The unemployment rate is based on a survey of households‚ rather than the survey of employers used to calculate the payroll number. Unemployment does not include full-time students‚ the retired‚ children‚ or those not actively looking for a paying job.] The unemployment level is defined as the labor force minus the number of people
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Based off the results from this lab the student was able to determine and have an overall better understanding of the variables that affect the rate of photosynthesis in a plant. The first variable the student tested in the lab was 30cm of light with CO2 present. The student started this trial with all 10-leaf disks and timed how many leaf disks came up every minute for 15 minutes. One minute into the trial and the student recorded that no leaf disks had yet to rise to the top of the solution. At
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Midterm Review Macroeconomics 1. The unemployment rate does not take into account individuals who A) goof off on the job. B) are employed by the federal government. C) would like to work‚ but are discouraged from looking for a job. D) are employed part time. 2. Suppose that Matt quits a job with the XYZ Corporation in order to look for more rewarding employment. Matt would be A) counted as still being employed. B) included in the economy’s "hidden employment." C) counted as frictionally
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Unemployment The most pertinent issue facing Americans today is unemployment. Many people across the country are unemployed now but before Obama came to office the unemployment rate was not bad. Obama has brought us into greater debt but has helped reduced the unemployment rate drastically. Thanks to this there is less crime in America. If we want to be a strong committed country there should be no one without a job. The unemployment rate before Obama in 2000 was 4.2 and once Obama came to
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| Raising the inflation target rate to evade the Zero Lower Bound | Econ 134 GSI: Yury Yatsynovich | | Deepak Ravichandran | 4/17/2012 | | From its inception‚ the central bank’s onus has always been a dual mandate; to maintain maximum employment while at the same time keeping stable prices. While we as economists have learned much about the mechanism through which monetary policy affects the economy‚ much is still unknown about the inner workings of the economy‚ and the long-term
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Inflation in Pakistan 2001 to 2010 Abstracts Generally‚ Inflation is known to be the rise in the general price level of goods and services. Inflation is at its peak all over the world and there are different reasons for it. In the case of an Asian country‚ Pakistan inflation is the result of monetary phenomena. The excess money supply growth in Pakistan has basically enhanced inflation. There are also many other reasons for the inflation to be high‚ such as‚ international increase in the commodity
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Adeleye Course: Economics 201 Objective: The effect of inflation on the job market Date: 05 - 05 - 2003 The Effects of inflation on the Job Market In the major industrial countries‚ low unemployment usually creates inflationary pressures. But during the recent economic expansion in the United States‚ prices have held steady despite low unemployment. Inflation is generally defined as an upward directional increase in the average of prices. Most people tend to be concerned about it because it reduces
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Issues: » Understand the concept of inflation and its causes. » Critically analyze the various initiatives taken by the Indian government and the RBI to address inflation. » Analyze the significance of Government and Central Bank in controlling inflation and the possible effect of their initiatives on the economy. Keywords: Indian economy‚ Inflationary trends‚ Effect of High Growth on Inflation‚ Wholesale or Consumer Price Index‚ Foreign Exchange rate‚ Bank Rate‚ Cash Reserve Ratio‚ Monetary policy
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responses of domestic inflation to monetary and fiscal policies‚ with output as the scale variable. The results show that domestic inflation responds positively to monetary policy shocks but not to fiscal deficits. If one assumes the velocity of money as constant‚ then it underscores that inflation is a monetary phenomenon and excessive money supply spawns inflation. Thus‚ monetary policy constitutes a more pertinent macroeconomic instrument to control spiralling inflation. 1. INTRODUCTION Malaysia’s
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