Buy custom France's recent economic activity
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Business
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This lowers inflation and should also in theory have a positive effect on unemployment.
During the period of cost-push-inflation, it is likely that France was experiencing demand deficient unemployment as consumer demand fell (Sloman 2005). Although a type of equilibrium unemployment, French rates in 1986 were still very high compared with Germany (6...
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Although a type of equilibrium unemployment, French rates in 1986 were still very high compared with Germany (6.6%), Austria (3.3%) and Italy (8.9%) . This can again be explained using simple AS and AD models of the goods and labour markets:
The model shows that for any level of GDP (output) there is a corresponding level of employment because as demand for goods increases, so must the demand for labour to accommodate the required levels of supply...
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General points of the essay
France's recent economic activity
unemployment in France
Effects Of The National Minimum Wage On Unemployment And Inflation
Reasons Why France Fell Swiftly in 1940
Economic Concern: Unemployment Rate
The effect of the minimum wage has on unemployment
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