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Economic Issues Essay

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Discuss the relationship between economic growth, unemployment and inflation. Analyse the economic and social problems associated with declining levels of economic growth.

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Economic Issues Essay
Topics this document covers:
Business Inflation Keynesian economics Unemployment Economic theories Economics Macroeconomics Labor economics Phillips curve Labour economics Economic growth NAIRU Monetary inflation
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Topics this document covers:
Business Inflation Keynesian economics Unemployment Economic theories Economics Macroeconomics Labor economics Phillips curve Labour economics Economic growth NAIRU Monetary inflation
Sample Text:
Analyse the economic and social problems associated with declining levels of economic growth. Economic growth is generally considered to be the most important single measure of an economy’s performance and is defined as an increase in the value of output in an economy over a period of time, measured by the annual rate of increase in the rate of real GDP. Since the most significant influence on economic growth is the level of aggregate demand within an economy, the level of employment, which is a derived demand, is dependent on the rate of economic ...
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