Discouraged workers dropping out of the labor force, with the number increasing because of the depth and breadth of the pandemic. Why is that workers are not looking for work, even though the pandemic aid has stopped, how is this related to inflation?
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Discouraged workers dropping out of the labor force, with the number increasing because of the depth and breadth of the pandemic. Why is that workers are not looking for work, even though the pandemic aid has stopped, how is this related to inflation?
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- Due to the demonstration of job seekers which took place in Sohar, the government decided to offer 32,000 jobs. Companies like PDO, Sohar International Bank, and many others offered job opportunities for these job seekers as part of their national support. This is an example of All the options Strategic CSR Altruistic CSR Ethical CSRDoes the unemployment rate and real GDP illustrate the principle of co-movement? Why or why not?Explain the differences between GDP and GNP in 40-50 words.
- The economy of a hypothetical country has been stable for two or three years with very low unemployment. Wages have been gradually increasing during this time. Now an aggressive policy of increasing tariffs on foreign goods imported into the country results retaliatory actions from the other countries against the country’s products and services. This causes great loss of business in the country and results in significant portion of workers losing their jobs. Given this scenario, insert your answers below each of the following questions. What kind of economic gap will start to occur (inflationary or recessionary)? Will the demand shift to the right or left? What kind of monetary policy might be helpful to stabilize the economy (expansionary or contractionary)?What specific monetary policy tools does the Federal Reserve have available to use in this scenario? What part of the Federal Reserve’s congressional mandate does this scenario trigger (price stability and maximum sustainable…Who are the unemployed? give an example and explain why.What is gross domestic product (GDP)?