IB Econ HL Section B

The dispute between British Airways' management and the Unite trade union, which is over working conditions and pay freezes, intensified over the weekend after the two sides disagreed about the effectiveness of the strike. This article is relevant to this week's topic because if the strike consists and the firm must agree to defrost its pay-freeze and increase real wage, that would result in a cost-push inflation caused by pressure from trade union.

The British Airway has decided to lay-off the number of staff on long-haul flights and freeze their pay for this year. The aim of this reduction in cost is to save 62.5million euros to help cope with a fall in demand, volatile fuel prices, and increased competition against low-cost airline firms. This article is relevant to Week 25 topic because this is an example of demand-deficient unemployment where potential supply for labor exceeds the actual demand for these labors.

This article is about how the Bank of Japan is trying to curb increasing deflation in the country via a 20 trillion yen scheme that expands its super-cheap funding for the banking sector. Japan has suffered deflation since the 1990s, because of fallen asset prices, insolvent companies and banks, low GDP growth and imported deflation.

This article describes how, in the US, even though inflation had been rising during past year, its rate had been slowly decreasing, reaching a number of 2.1%.

This article is about the drop in prices at the wholesale level in the month of February. This drop, about 0.6%, is the largest in seven months. This represents deflation, as it is a drop in prices.

This is an article about American's statistics of Keynesian economics. Some people think that its a good way of economy which helps US to stay in balance, other people think that Keynesian economics ruining US economy. the idea that the federal government needs to spend and increase the very few peolpe agreed with Keynesian econmy while while 70% disagree with Keynesian economy.

Unemployment is a growing problem in the United States. The government has gone as far as to give incentives to businesses to create new jobs or rekindle old ones. However, the incentives do little to help when businesses keep the money in their savings... This article examines what's going on in the economy now, as well as what we can see in the future in terms of employment (or, in this case, unemployment).

This article is about the rising unemployment rate in Britain, which has increased to 1.79 million (5.7%). This is primarily a consequence of the credit crunch, which can be attributed to annual growth slowing down to 3.4%.

This article is talking about how the unemployment rate has only been increasing drastically over the course of the recession going up to an increase of 10%.

This article explains how unemployment is still increasing in the US, how it rose in 30 states, going as high as 14.3% in places such as Michigan. Record-high joblessness is greatly affecting most of the states in the US, having in most an unemployment rate of above 10%.

This article centers around President Obama's attempt to reduce unemployment and create jobs through encouraging exports. As American products find new overseas markets, aggregate demand will increase. Firms will then increase their demand for labor, reducing unemployment.

This article is about how the recession has affected employment, and how in the wake of the recession the total target employment could be greater. This is indicative of the general upward trend in long-term potential output.

This article is talking about the British economy and how it managed to pull itself out of recession, but economists fear that it is only temporary since the growth rates are unstable. The government fears a "double-dip," that they might fall into recession again.

This article is about American's statistics of Keynesian economics. Some people think that its a good way of economy which helps US to stay in balance, other people think that Keynesian economics ruining US economy. -Washington has continued Keynesian economics well into the 21st century and that alone has caused the current economic collapse of the US economy. National telephone survey suggests that only 11% of Americans agree with the idea that the federal government needs to spend and increase the deficit during tough economic times, while 70% disagree with Keynesian economy. Americans should come ti agreement on which economy they should choose, so it can help them to get out of crisis.

This article explains possible actions to be taken in order to take a country out of a recessionary period. Canada is in a recession, so if the plans of the Ontario Premier are successful, then the negative effects of a recession would be lifted

This Article Talks about how America has Hit a Recession that has impacted the Lower Waged Wokers the Hardest. According to the study, approximately 50 percent of households in the bottom decile of American income distribution are underemployed; in the second lowest decile, 37 percent of households can't find enough work. The authors write: "These extraordinarily high rates of labor underutilization among these two income groups would have to be classified as symbolic of a True Great Depression."

This article from the Wall Street Journal describes the economic problems faced by Greece and the effect on the European Union because of the 2007-09 financial crisis. It was recently revealed that the last government of Greece left a huge amount of hidden debt, hidden with the help of Goldman Sachs. The Greek economy has since moved into a recession.

The article explains the effects of the recession which hit our world, especially concerning the unemployment rate. It shows that unemployment in the UK is at 7.8%, and how government investment is proving the Keynesian curve, through fixing the economy.

The article mentions about United State's debt expanding like a baloon, soon to blow up and fail the economy. During a recession, the govenrment must keep on running the economy even at budget deficit so they must keep on borrowing money. Yet, these loans must be returned in some way, and article reports a possible higher tax coming soon to compensate the loans.

In this article, the EU has come up with a strategy to improve the economy and pull itself out of recession. This shows the Keynesian view because the EU is trying to reach the third stage of the Keynesian view.