Your team’s morale and loyalty are being tested as a result of layoffs, pay cuts, and tight budgets, while typical incentives like bonuses and salary raises are unavailable. Here are some suggestions for keeping your employees loyal and motivated without incurring additional costs. It’s simpler to encourage and enthuse individuals during boom times since there’s […]
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17951), co-authors Hilary Hoynes, Douglas Miller, and Jessamyn Schaller discover that the Great Recession had a negative influence on the economy. Men, black and Hispanic workers, young workers, and workers with less education have had higher unemployment rates than others in the labor market from December 2007 to June 2009. Who is the hardest hit
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Which of the following statements best reflects the economic word inflation? There is a lot of money in circulation, which reduces its value and puts pressure on businesses to raise prices. Which of the following statements best illustrates the economic term deflation? Deflation is a general drop in the price of goods and services, usually
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Last month, the United States’ inflation rate accelerated to a four-decade high, reaching 7.5 percent on an annual basis as robust consumer demand collided with pandemic-related supply bottlenecks. When compared to the same month a year ago, the consumer price indexwhich gauges what consumers spend for goods and servicesreached its highest level since February 1982,
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If the economy is producing less than its potential production, Keynesian economics suggests that government spending might be utilized to employ idle resources and improve output. Increased government expenditure will boost aggregate demand, which will increase real GDP, which will lead to a price increase. Expansionary fiscal policy is the term for this. In periods
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, Gross domestic product (GDP) can be calculated by first calculating total national income (TNI) and then adjusting it for sales taxes (T), depreciation (D), and net foreign factor income (NFFI) (F). As a result, we can utilize the formula: How do you figure out your income approach? The income approach is a real estate
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Healthcare, food, consumer staples, and basic transportation are examples of generally inelastic industries that can thrive during economic downturns. During a public health emergency, they may also benefit from being classified as critical industries. In a recession, which industries grow? A approaching recession shouldn’t scare you if you’re investing for the long haul. To take
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The US economy will have a recession, but not until 2022. More business cycles will result as a result of Federal Reserve policy, which many enterprises are unprepared for. The decline isn’t expected until 2022, but it might happen as soon as 2023. If the Fed manages to prevent a recession in 2023, expect a
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The purchasing power of your investments will be eroded as inflation rises. In other words, when you need to use the money you invested, it will be worth less. That is why it is critical to concentrate on investments that will generate a higher rate of return than inflation. Consider things like your time horizon
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The total monetary or market worth of all finished goods and services produced inside a country’s borders in a certain time period is known as GDP. It serves as a comprehensive scorecard of a country’s economic health because it is a wide measure of entire domestic production. What does GDP mean in simple terms? GDP
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