Referring to the above statement, I would really appreciate it if you could provide me with websites, statistics, charts, graphs...etc that supports it. Thanks a lot for your help! =)
2007-11-16 01:30:02 · 2 answers · asked by James 2 in Social Science ➔ Economics
If you have full employment (what ever that may mean), everyone has (limited) money to try to satisfy their (unlimited) needs. With inflation, as time goes on they can satisfy less and less of their needs.
With unemployment, there are some who will have nothing to satisfy their needs.
As you may realize, there is a trade off between inflation and unemployment. The closer you get to full employment the higher the inflationary pressure. Which the government aims for is a matter of policy and what will get votes - not economic pragmatism.
2007-11-21 21:34:47 · answer #1 · answered by jemhasb 7 · 0⤊ 0⤋
Sorry, no sources, just experience.
I really can't explain the need in the south, but in the harsher climate up here there are jobs that are seasonal. That is, they can only be done during decent weather, or with the ground not frozen.
If we want to get our roads worked on, gravel hauled, ponds dug, basements dug, ditches dug, ect, we have to pay unemployment to the men who do that from April to Nov. Becuase in Dec through March they're at a big disadvantage to try to get a job just until contruction starts again.
As it is they're better off to get soemthing different becuase the unemployment is so low it brings down their yearly wage.
And we need to have ppl in those jobs.
2007-11-16 09:42:47 · answer #2 · answered by pansyblue 6 · 0⤊ 0⤋