The unemployment rate is officially measured as the percentage of the unemployed (people out of work but seeking work) divided by the labour force, which is the sum of the employed and unemployed The labour market is expected to remain resilient with slower wage growth, an important mechanism for supporting employment growth in the rest of the economy as the relatively employment-intensive resources construction phase passes its peak. ... The Reserve Bank of Australia's preferred core inflation measures – the Weighted Median and Trimmed Mean – are still well within the inflati...

• Word Count: 818
• Approx Pages: 3
• Has Bibliography
• Grade Level: Undergraduate

It is important that governments ensure CPI's reflects actual market behavior thus giving accurate inflation percentage. ... What Prime Minister Shinzo Abe and the leaders he has placed at the Bank of Japan is encouraging inflation through, just to sum up, monetary and fiscal policy, to encourage economic growth, as well as a target with the Bank of Japan to target inflation at 2% together with Quantitative Easing methods-the excessive buying of bonds by the government. ...

• Word Count: 987
• Approx Pages: 4
• Grade Level: Undergraduate

The removal of price controls and wage controls had an effect on the country's economy as this opened up the domestic market to cheaper imports and resulted in the closing and downsizing of many of the country's big industries. ... One of the targets of the programme (ESAP) was that government was supposed to cut the civil service in order to lower its expenditure. ...

• Word Count: 1057
• Approx Pages: 4
• Has Bibliography
• Grade Level: Undergraduate