Low unemployment is usually a good thing because: 1. It helps the government achieve one of their main macro-economic objectives. 2. It helps economic growth as consumers can spend more. Since consumer spending is a component of aggregate demand, the AD curve shifts to the right. 3. Higher employment means more tax money for the governments. As above, government spending is a component of AD so another reason the curve will shift to the right. That should be enough to get you started. Oh, and happy holidays 🎅
Asked by Aya
How many hours should you spend at using at using after all on a week daily basis as a yr 11
Asked by William
What is the best way to remember specific dates etc.. without making pneumonics?