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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1476 |
Essay's paper body
Unions may need to change their stance on interest rate control and its perceived negative impact on employment rates. The studies, reveal that wage rises have a greater detrimental impact on employment levels when monetary policies are aimed at stabilising inflation. Policy makers are assumed to be far more concerned about inflation and output...
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Policy makers are assumed to be far more concerned about inflation and output. A stronger preference for low inflation, for example by targeting, results in lower unemployment rates. If this is the case, and the research strongly suggests it is, supporting monetary policy which seeks to control inflation, would be in the greatest interest of foreign trade...
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