discussion m - There are many variable that effect the...

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There are many variable that effect the macroeconomy such as unemployment rates, GDP, inflation rates, and even interest rates. The two variables that I want to talk about are inflation and the unemployment rate. Inflation is caused by many factors but in general it means that it is more expensive for a firm to provide goods or services so that in turn drives the prices up. A major cause of inflation has been in the news lately. Some employees at McDonald's are demanding that they get paid $15/ hour. I personally think that is retarded. A person should be paid a rate that is commensurate with the job that they do. Flipping burgers is not a job that should be paying much more than minimum wage. Granted, in companies such as that, there are individuals (managers, supervisors, shift leads) that do more work than others and
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Unformatted text preview: should be compensated for the additional work and responsibilities. However, inflation causes pain for both the consumers and firms attempting to make a living providing goods or services. The unemployment rate is another variable that effects the macroeconomy. The less people that are working means that there is less money to be spent. It also plays a role in inflation as well.If a firm has less employees to produce goods or services, than there will be less to offer the consumers. The less goods or services available will drive the price up causing inflation. There are many variables that are all interlaced and each has an effect on another. A good healthy economy is one that is well balanced in all variables and adjusts itself in order to maintain itself....
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