Mathematics homework help

Mathematics homework help. You will prepare and submit a term paper on The Current and Ongoing Recession in the Global Financial Markets and Economies. Your paper should be a minimum of 2000 words in length. If an economy is witnessing a high level of employment, which means that most of its labor force is employed and then if the producers want to increase the production level or the output, they will have to employ the rest of the labor on a higher wage.In this condition, the demand for labor would increase and supply would be deficient. This would lead to an overall increase in the wages of labor. An increase in wages would, in turn, increase the cost of production and the cost of production has a direct relation with the price charged for the product. In this way, the higher the employment level, the higher are the chances for inflation levels to increase and vice versa. This phenomenon is called the Philips curve, which was presented in the mid 21st century. However, this paper focuses on the relation between unemployment and Aggregate demand of an economy.UnemploymentIt is important to pay attention for a while on the definition of unemployment before we proceed further. Economists seem to agree mostly on the definition of this term and they tend to define it as “The unavailability of work for an individual or a group, who are actively seeking work and are currently a part of the labor force”. In addition, the employment rate is the percentage of the unemployed from the labor force. Economists also believe that unemployment can be voluntary and involuntary as well. This paper tries to focus on the involuntary type. &nbsp.&nbsp.&nbsp.There are different types of unemployment as defined by experts. Frictional, Cyclical, Structural and Classical is the most important of them. The discussion on these types is reserved for the later parts of the paper since they will help in proving the hypothesis. According to the statistics of November 2009, the United States has currently about 10% of the unemployment rate.In addition, the United Kingdom is witnessing an unemployment rate of 7.8% according to the data until September 2009. Important to note is that both of these big countries in terms of the economy are facing a serious recession.

Mathematics homework help