ANSWER THE QUESTION WITH FULL INFORMATION

We all know how that worked out. It may have contributed to the thinking behind the "dot-com bubble," which was characterized by a wave of IPOs for organizations built around the information economy, ballooning stock options, and new attitudes toward company value (with profit not required or even frowned upon). Twenty-year-old entrepreneurs became mega-millionaires, but not for long. It turned out that the "new economy" of that time was a house of cards.

It's a good time to ask the question again. Policies of the Federal Reserve in concert with those of the recent administration produced results (prior to the pandemic) that challenge traditional economic theory centered on the so-called Phillips curve. It's a simple economic model named after the economist who explored the positive relationship between low unemployment and higher wage rates. It was a short step to correlate, without proving causality, higher wage rates and inflation, and therefore low unemployment and inflation.

One way to think about the model is that nirvana is the point at which the economic benefits of lower unemployment no longer exceed the economic penalties of inflation, however those might be calculated. This thinking contributed to what came to be regarded as a target unemployment rate, with anything less causing excessive inflation. At one time, many economists thought this to be as high as 6 percent.

The Phillips curve has taken its lumps over the years. No fewer than seven distinguished economists have won Nobel Prizes for revising or proving shortcomings in the model. Nevertheless, it continues to influence fiscal and monetary policy across the globe from time to time.We all know how that worked out. It may have contributed to the thinking behind the "dot-com bubble," which was characterized by a wave of IPOs for organizations built around the information economy, ballooning stock options, and new attitudes toward company value (with profit not required or even frowned upon). Twenty-year-old entrepreneurs became mega-millionaires, but not for long. It turned out that the "new economy" of that time was a house of cards.

It's a good time to ask the question again. Policies of the Federal Reserve in concert with those of the recent administration produced results (prior to the pandemic) that challenge traditional economic theory centered on the so-called Phillips curve. It's a simple economic model named after the economist who explored the positive relationship between low unemployment and higher wage rates. It was a short step to correlate, without proving causality, higher wage rates and inflation, and therefore low unemployment and inflation.

One way to think about the model is that nirvana is the point at which the economic benefits of lower unemployment no longer exceed the economic penalties of inflation, however those might be calculated. This thinking contributed to what came to be regarded as a target unemployment rate, with anything less causing excessive inflation. At one time, many economists thought this to be as high as 6 percent.

The Phillips curve has taken its lumps over the years. No fewer than seven distinguished economists have won Nobel Prizes for revising or proving shortcomings in the model. Nevertheless, it continues to influence fiscal and monetary policy across the globe from time to time.

Question five

1.Which of the subsequent is/are linked with the financial sector of India and skillful by the Fallback Row of India ?

2.What organizes worth floorboards callous?

3.What is Uncivilized Nationwide Creation in the field of economy

4.Why is the unemployment rate low in India statistically?

1. Unemployment is calculated only from the age group of 15 years to 59 years.
2. Unemployment survives only when an individual cannot find a job.
3. People are not interested in working outside the domestic area.

Choose the correct option.

5.What does the bowed-out figure of the manufacture likelihoods curve demonstrate?

6.What is the foremost monetary badly-behaved handled by the the social order?

7.What does "Capitalism" refer to_________ in your understanding as reflects to the economics

8.he goal of a unadulterated market reduced is to happen the longing of ______ .

9.What prepares the law of claim nasty?

10.Which of the following is an example of an agricultural price support program?