inflation, deflation and employment 0.0 / 5 ? EconomicsUnemploymentASAQA Created by: Tanya HaldipurCreated on: 12-04-14 16:16 Demand pull inflation where aggregate demand exceeds aggregate supply leading to an increase in the level of prices 1 of 9 cost push inflation where increased costs of production result in firms increasing their prices leading to an increase in the general price level 2 of 9 tight labour market where firms have to increase wages to attract the labour that they require 3 of 9 cyclical unemployment demand deficient unemployment that occurs as a result of the economic cycle 4 of 9 demand deficient unemployment insufficient AD in the economy to employ the available labour 5 of 9 frictional/ search unemployment people between jobs 6 of 9 structural unemployment unemployment caused by a change in the demand side or supply side of the economy 7 of 9 voluntary unemployment workers who are not prepared to take a job at current wage rates 8 of 9 discouraged workers workers who have the labour market because despite numerous attempts they are unable to find a job 9 of 9
OCR AS Economics: F582: Macro: The National and International Economy Part 2 4.5 / 5 based on 4 ratings
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