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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.
When the system is stable, it will primarily absorb shocks through self-corrective mechanisms, preventing adverse events from disrupting the real economy or other financial systems. Because the majority of real-world transactions take place through the financial system, financial stability is absolutely necessary for economic expansion. [1]
Economic security or financial security is the condition of having stable income or other resources to support a standard of living now and in the foreseeable future. It includes: probable continued solvency; predictability of the future cash flow of a person or other economic entity, such as a country
Countries Seen as Economically Stable With the World Bank forecasting growth of the global economy to slow in 2019 to 2.9 percent, countries that provide economic safe harbors for their citizens ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
The question can be raised whether these economies are sustainable in the short run due to economic shocks and in the long run due to endemic problems in the structure of the system. The major challenges of the public finance sustainability consist of creating independent fiscal institutions, fiscal responsibility laws, fiscal rules and the ...
In macroeconomics, hard currency, safe-haven currency, or strong currency is any globally traded currency that serves as a reliable and stable store of value.Factors contributing to a currency's hard status might include the stability and reliability of the respective state's legal and bureaucratic institutions, level of corruption, long-term stability of its purchasing power, the associated ...
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