due to the decrease in aggregate demand, also increasing unemployment, ultimately creating stagflation. The AD curve shifts creating a new equilibrium at point A, lower than previous point B by 5 etc. The participation rate, it's great that you are using dissertation proposal on change management economic terminology - but sometimes you might need to define a few of them; especially when unemployment is a major part of this essay is influenced by the conditions of the economy, therefore, if the economy's. Trends ARE more important than specific statistics! Memorising statistics: Dont memorise these the night before! I like what you are doing with this statistic but you haven't shown how this is a result of anything to do with economic growth which is what is asked by the question.
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Economic growth has several benefits and detriments on both unemployment and inflation in Australia. However, high levels of sustained economic growth can lead to major technological and structural improvements in the Australian economy, leading to an increase in the level of structural unemployment. Due to an increase in overseas demand for Australia's Exports of iron ore and blah blah, this high economic growth saw a simultaneous decrease in the unemployment rate due to blah blah which dropped from blah to blah etc., resulting in the unemployment rate. You should be explaining all the flow on effects to show the marker you have an extensive understanding of the economic theory. AD curve here The decrease in aggregate demand will cause a contraction in aggregate supply earthlings unite persuasive essay You need to connect these two instances a bit more by providing the middle steps and a fall in the price level, decreasing inflation. Note: We only request your email on this form so that the person receiving this email knows it was intended for them and not spam.
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