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Much of the reason that economic inequality is so stark in modern America is wage stagnation. The federal minimum wage has been $7.25 an hour since 2009, the longest Congress has ever let it erode ...
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."
[1]: 402 The social and economic forces that established political stability could change or disappear, leading to internal instability. [6] Economic development, such as shifts from agriculture-based economy to manufacturing-based economy, as well as economic collapse, can also lead to political instability. Social developments, such as the ...
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 ...
One of these is The Economics of Corruption edited by Ajit Mishra published by the Oxford University Press in 2005. This book is an anthology of 11 essays under 4 categories, written by 16 economists. The titles of the essays give an idea of the various approaches taken by different economists. They are quoted below : Corruption : an Overview
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."
More formal and general analysis followed [7] in such areas as development economics, [8] ecological economics, [9] political science, [3] political economy, [10] public choice theory, [11] and transaction-cost economics. [12] Later, due to the popularity of public choice theory in 1970s, government failure attracted the attention of the ...