Employment policy within the framework of the production system, inflation and unemployment

/στην κατηγορία /by

Ονοματεπώνυμο Συγγραφέα/ων: Efthymios Valkanos, George Mardas, Dimitrios Mardas
Ιδιότητα: Άλλο
DOI: 

Τίτλος της Εργασίας: Employment policy within the framework of the production system, inflation and unemployment

Λέξεις Κλειδιά: n/a

Περίληψη: n/a

Keywords: employment, unemployment, inflation, stagflation, production system

Abstract: Employment is the use of labor as a factor for the production of goods and services. The
main problems of full employment are the following:
– The danger of rising inflation
– The trade union and wage policy
On the other hand, stagflation is caused by two factors: (a) by a lack of aggregate demand in
relation to GNP and (b) by an increase in production costs.
Of course, when the level of demand in the economy rises, unemployment decreases but at
the cost of higher inflation, always within the bounds of the labor market and the particular
production system.

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