Effects of inflation
Inflation generally redistributes wealth (income) among various individual (organizations) in the society. This redistribution is done arbitrarily, leaving some better…
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Measuring inflation
Inflation is measured by use of index numbers. Index numbers expresses the cost of a market basket of goods relative…
The intensity of inflation
From the view point of inflation intensity, we can distinguish between creeping and hyperinflation. Creeping Inflation This refers to a…
Causes of inflation
Budget deficits: As a result of growing public expenditure programmes, most governments unguardedly incur budget deficits, which contribute largely to…
Curbing unemployment
In view of its high cost on the individual and the society, all nations view the reduction (or if possible,…
The costs of unemployment
In general, when we say there is unemployment is an economy, the reference is not to voluntary but involuntary unemployment….
Types of unemployment
There are two approaches that can be used to classify unemployment. The first approach follows the old-trodden path of classifying…
Unemployment
Unemployment is generally defined as a situation in which persons who are willing and able to work at the prevailing…
Macroeconomic policies and business cycles
Despite their usefulness, macroeconomic policies have been known to lead to cyclical fluctuations in the level of economic activities. Policy-induced…
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