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    implicit contract

    an unwritten agreement in the labor market that the employer will try to keep wages from falling when the economy is weak or the business is having trouble, and the employee will not expect huge salary increases when the economy or the business is strong

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Questions & Answers

what are positive and normative statements
Alethia Reply
p
Mohd
positive is realistic normative is imaginary
Prashant
give basic idea about India's national income
Maloy Reply
what are the sources of recessions and booms
Zweli Reply
A few years ago, Ama paid $500 to put together a record collection. Today she sold her albums at a garage sale for $100. how does the same affect GDP?
teresa Reply
It saves time its creates more employment
Gold Reply
Scarcity means human wants exceeds the resources needed to satisfy them 1. Limited resources 2. Numerous human wants
Gold
Scarcity means shortage!!!
Lewis
Gold you're knowlwgist bro keep going lion
Moha
hmm am fresh here oh
Andy
Being newest means u have it all!!!
Lewis
where you from university of malakand.or where are you.
Naeemuddin
What is mean by small open economy ?
Gecho
1. there is specialization of labor 2. skilled labor 3. increase in productivity
Amma Reply
1 to make right choices 2. to handle scarcity 3. make informed decisions
Amma
what is the difference between demand and quantity demanded?
Mursal Reply
Demand is affected by other factors while price is held constant Quantity demanded is affected by price while other factors are held constant
Gold
discuss advantages and disadvantages of international trade.
Ram Reply
how can I ask the question here . tell me anyone plz I'm new user so kindly help here I will click ......?..🤗
ISRAR
me . I'm *
ISRAR
So kindly help me. where I will click......***
ISRAR
What are the reasons of demand pull inflation
GIRIDHARI Reply
the reasons behind pull inflation are high rate of interest
Ahmed
yes
M-H-S
in other hand when demand of specific commodity is high and its supply is low there will be inflation of price
Ahmed
Thank you
GIRIDHARI
you are welcome
Ahmed
thank you
Mohamed
some hot stuff from Ahmed
JOSHUA
what is barter system
twinkel Reply
a system in which goods are exchanged for other goods
daniel
Barter system is said to be the process whereby goods are being exchange for goods
Asamoah
a system in which money have not play any role
Ramu
goods and services are exchanged .. problem is finding equitable or agreeable value for the exchange of the goods or services.. I teach maths privately and love home made cake, I decided 4 home made cakes was worth an hour of private maths 😁
jax
ok.thank u
twinkel
thanks a lot to everyone .
ISRAR
bater system is a system of trade where by goods are exchange for goods which exist before existence of what we call money
ADEGOKE
accounts in balance of trade
Kamuyu Reply
What is fiscal policy and intrest rates
Attah Reply
fiscal policy is the use of govt. revenue collection and expenditure to influence the economy.
twinkel
it is government spending, taxing, regulatory, borrowing powers on the economy.
JOSHUA
income and expenditure
Bittu Reply
Income is revenue generated from a business while expenditure is money spent
Gold
For short income is gain while expenditure is loss.
Lewis
what is the difference b/w income per capita and income
Moha
What is aggregate
Patrice
aggregate means total
konglan
Macro economics : it is the study of all aggregate of all economic activities of an economic as whole.
Rajat Reply
what is macro economics
Sarah Reply
it is study of all aggregate of all economic activities of an economic as whole.
Rajat
Macro economics is the aggregate study of national income, investment, price level, changes in economic activities, GDP and economic inflation.
Zahid
hey
Ahmed
how are you
Ahmed
thanks
Ahmed
i am find
Ahmed
what about you
Ahmed
am good bro
Ahmed
am fine
Ahmed

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Source:  OpenStax, Macroeconomics. OpenStax CNX. Jun 16, 2014 Download for free at http://legacy.cnx.org/content/col11626/1.10
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