GMGT 1010 Lecture Notes - Lecture 19: Stagflation, Snickers, Disinflation

• School: University of Manitoba
• Department: General Management
• Course: GMGT 1010
• Professor: Brock V.Cordes

Document Summary

Problem in the us: gdp is growing since recession in 2008, but unemployment is not increasing relying more on robotics, other countries. Manitoba is 2% lower than overall canadian unemployment rate. Labour force: the total number of workers, including both the employed and the unemployed. Sum of the employed and the unemployed according to. Considered unemployed when you don"t have work, but have been looking for work. Unemployment rate = # of unemployed / labour force x 100. Labour force participation rate = labour force / working age population x 100. Inflation: a general rise in the prices of goods and services over time. If other countries succeed in keeping their inflation rates down, then. Canadian companies will become less competitive in the world market. The value of your money is going down. Disinflation: a situation in which price increases are slowing (the inflation rate is declining) Deflation: a situation in which prices are declining.