Describe the pattern of business cycles. Explain fully and comment on the position of the
Describe the pattern of business cycles. Explain fully and comment on the position of the Canadian economy at the present time.
113) Many politicians look at the unemployment rate as the be all and end all of economic indicators. Are they justified in their faith?Duration of employment and discouraged worker effect.
114) As a consumer, how would your behaviour change during a period of hyperinflation if one were to exist in Canada?
115) If the government of Canada were to establish an electronic job bank on the Internet. How could such a job bank reduce frictional unemployment? Why would it most likely have no effect on cyclical unemployment?