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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 998 |
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The reduction in unemployment caused a rise in the popularity score to 3.82 from 3.10.
Four Key Points
Four key points from the reading assignments that were emphasized in this simulation include:
1. Multiplier effect - Multiplier is according to Colander “the amplification of initial changes in expenditure†(2004, p...
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571). In other words due to the change there is a creation of repercussions or after effects of that ripple through the economy.
2. Inflation - The second key point is inflation which is the continual rise in price level (Colander, 2004). Inflation tends to rise during times of recession.
3. Unemployment rate - The third key point is unemployment rates which is the percent of individuals who are able to and are willing to work but are unemployed or not working (Colander, 2004)...
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