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US federal minimum wage if it had kept pace with productivity. Also, the real minimum wage. Real macroeconomic output can be decomposed into a trend and a cyclical part, where the variance of the cyclical series derived from the filtering technique (e.g., the band-pass filter, or the most commonly used Hodrick–Prescott filter) serves as the primary measure of departure from economic stability.
“Stabilization” can refer to correcting the normal behavior of the business cycle, thus enhancing economic stability.In this case, the term generally refers to demand management by monetary and fiscal policy to reduce normal fluctuations and output, sometimes referred to as "keeping the economy on an even keel."
In Canada, threats to the country's overall economic security are considered economic espionage, which is "illegal, clandestine or coercive activity by a foreign government in order to gain unauthorized access to economic intelligence, such as proprietary information or technology, for economic advantage."
Across the world, the unequal distribution of resources is associated with greater economic instability and more frequent economic crises. The study found, for example, that: Economic disparity ...
Economic anxiety, also referred to as economic insecurity, is the state of concern about the future of one's economic prospects, owing to low economic security.Economic anxiety can increase due to loss of household income or decreased purchasing power, causing affected individuals to self-report having more issues with societal structure and a lower quality of life. [1]
Examples of government failure include regulatory capture and regulatory arbitrage. Government failure may arise because of unanticipated consequences of a government intervention, or because an inefficient outcome is more politically feasible than a Pareto improvement to it.
A striking disconnect remains in the US economy: continued growth and softening inflation along with Americans' pervasive pessimism and uncertainty about the future. "I think people are just ...
Francis Fukuyama refers to political decay as the social and economic forces that upset the equilibrium of established political order. [6] Institutions of the Roman Empire government failed to meet the moral and economic needs of the citizens, resulting in the conditions that would facilitate political decay and the fall of the Roman state. [7]