This website uses cookies to ensure you have the best experience.

1239 words - 5 pages

1a. Unemployment rate: 10/(250-100) x 100% = 6.67%

1b. Unemployment rate: 10//(250-100+25) x 100% = 5.71%

1c. During periods of high unemployment, the probability of losing a job increases and the probability of finding a job decreases. There is a negative relationship between changes in the rates of real GDP growth and unemployment. When the unemployment rate is high, the government has to provide subsidy to them, this will create a heavy burden on the budget. Also, this will decrease the consumption and demand of citizens, which this will slow down the economic growth.

1d. If GDP is growing but the employment is stagnant or falling, it may be because of the advanced technology. ...view middle of the document...

Besides, employers can make an agreement to those training employees before they train so as they cannot easy to leavethe company when they just finish the training.
3a. If the unemployment rate and other factor (Z) are constant and the expected price level increase, the nominal wage will increase.

3b. If the expected price level increases and nominal wage stay the same, the real wage will decrease. The workers may want to have more wages, or may leave the job and find a new job that has higherwage.

3c. The natural rate of unemployment is the equilibrium unemployment rate, un, is such that the real wage chosen in wage setting and is equal to the real wage implied by price setting. Higher unemployment is required to make workers accept this lower real wage, leading to an increase in the natural rate of unemployment.

4a. The Philips Curve is almost a mirror image of Aggregate Supply Curve. When output rises, unemployment tends to fall, so the short-run Philips curve is negatively sloped. On the other hand, the price expectations fixed, an increase in the price level provides an incentive for firms to increase production, causing the short-run aggregate supply curve to be positively sloped.

4b. In a short run, firms possess one fixed factor of production. This does not however prevent outward shifts in the aggregate supply curve, which will increases real GDP at a given price. A positive correlation between price level and output is shown by the aggregate supply curve. In a long run, only capital, labor, and technology affect the LRAS in the macroeconomic model because at this point everything in the economy is assumed to be used optimally. In most situations, the LRAS is viewed as static because it shifts the slowest of the three. In the long run,the Aggregate supply curve is shown as perfectly vertical, reflecting economists' belief that changes in aggregate demand have an only temporary change in the economy's total output. In a medium run, as an interim between aggregate supply curve in the short run and long run, the aggregate supply curve in the medium run form slopes upward and reflects when capital as well as labor can change. More specifically, the Medium run aggregate supply is like this for three theoretical reasons, namely the Sticky-Wage Theory, the Sticky-Price Theory and the Misperception Theory.

4c. The slope of the long run aggregate supply curve is vertical as it is independent to the price level and the money is assumed neutral.

4d. When governments cut their domestic spending, the aggregate demand curve will shift to the left. It is because the aggregate demand curve depends on the output. If governments...

256 words - 2 pages British Airways Financial Analysis Introduction In this assignment I shall be composing a report which details my confidential analysis of a company based in the United Kingdom; in this model the airline business British Airways. The main aims of this report are to assess whether BA has contemporarily behaved well enough to deserve financial disbursement and to describe in detail why or why not I would admonish it for akin. Within

2793 words - 12 pages , pointed out by Li (2010). However, success of e-book publishing business mostly depends on establishing a successful business model. According to the finding of Vasileiou et al. (2009), establishing e-books related business model is now very complex and there are many incompetents between the producers and the products. Though there are significant advancements have achieved in e-book technology, there are still various incompetents exist in the

296 words - 2 pages The role of business in an economy is involved in any type of activity that provides goods, services, or both to consumers in an attempt to earn a profit. Business drives up the standard of living of quality and quantity of goods and services available to a population and contributing to the higher quality of life in which is overall sense of well-being experienced by either an individual or a group. Business also helps raise the standard of

285 words - 2 pages Every business consists of various organizations which are reliant on information systems- without information systems there would be no business! Ensuring that the correct information is fed through to the relevant departments is essential for the success of any business. Within each department there will be requirements for different types of information which will be linked throughout the organization to maintain competitiveness and

4315 words - 18 pages Business Review COMPANY OVERVIEW By engineering out the complexity that stifles business innovation, Fusion Tomo is engineering in speed, reliability, security, and manageability. The result is best-in-class products throughout an integrated stack of hardware and software, with every layer designed and engineered to work together according to open industry standards. Fusion Tomo's complete, open, and integrated solutions offer extreme

7113 words - 29 pages Table of Contents Market 1 Product 1 Price 1 Place 1 Promotion 1 ing 2 Marketing 3 Contents 4 History 4 Earlier approaches 4 Contemporary approaches 5 Customer orientation 6 Organizational orientation 8 Marketing research 8 Marketing environment 9 Geographic segmentation involves a business dividing its market on the basis of geography. There are several ways that a market can be geographically segmented. You can divide your market by

717 words - 3 pages approach is where one tries to identify ones best way to manage an organization. The contingency perspective approach, on the other hand, say that because each business is different the appropriate management approach depends on the unique elements in that situation. The contingency perspective is useful in the practice of management today because every situation is different and one situation needs different management that another. There is no one

7291 words - 30 pages in the motor industry………………………………………………………………………………………10 2.1 Apply the elements of contract in both cases business scenarios………………………..12 2.2 & 2.3 Analyze the law of terms in the above two different contract. Evaluate the effect of different terms in the two contracts………………………………………………………….14 Conclusion…………………………………………………………………………………....19 Reference……………………………………………………………………………………..20 Introduction: - The law plays an important role

621 words - 3 pages P2 identify how government policies impact on a selected business. Government policy The government produces a set of policies that are used to develop and influence the UK economy. These policies are: Economic Policy This policy is mainly focused to deal with economic growth, unemployment and inflation. Cadbury may have an effect through inflation as inflation means a general sustained increase in price. This could affect them most out

317 words - 2 pages to better meet the corporate and business goals.  It’s no longer just the economic issues that drive the department, but also the behavioral ones .In general, HR is becoming more a part of the team than it once was. Rather than being the folks who sit in their closed offices and interview applicants then allow department managers and executives to handle day-to-day operations, HR is now getting involved in decision making, and making a

818 words - 4 pages motivate them to work hard if they are able to participate in the upper part of the business. Managers can produce well being in the workforce outside of everything else that goes on. There is so many successful things that a manager can offer and provide. Managers should also make sure that fairness and equality is provided among the employees. Managers should also provide an environment that is enjoyable and productive. They should also create a