Economic Indicator
Submitted by computerxc on May 10, 2011
- Category: Business
- Words: 3549
- Pages: 15
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Economic Indicator
A very important political issue concerns the relationship between unemployment and inflation. In theory, when labor demand rises to the point that unemployment is very low and employers have difficulty hiring highly qualified workers, wages are rising, and rising production costs in prices, with which contributes to rising inflation, as demand declines and unemployment rises, inflationary pressures are dissipated on wages and production costs.
For the year 1929 there was a period of mass unemployment, and serious depression, which was called the Great Depression. This depression caused fourteen million unemployed in the U.S., TheUSAonline.com, widespread migration in search of...
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