The Effects Of Inflation On The Labor Market
This is the first 1,000 characters of 834 words (3.34 pages) in the essay titled The Effects Of Inflation On The Labor Market
|The effects of inflation on the labor market
Name: Stephen 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 the purchasing power of the income earned by households. Though a few exceptions most commodities accentuate to this general assumption, all other things being equal. On the contrary the job market is a database of positions available for either a specific profession or the pool of potential applicants nation wide. With the use of visual aid and extensive explanations I will relate the connection between inflation and t...
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