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OCLC. 62532514. The General Theory of Employment, Interest and Money is a book by English economist John Maynard Keynes published in February 1936. It caused a profound shift in economic thought, [1] giving macroeconomics a central place in economic theory and contributing much of its terminology [2] – the "Keynesian Revolution".
There is a type of employment contract which is common but not regulated in law, and that is Hour employment (Swedish: Timanställning), which can be Normal employment (unlimited), but the work time is unregulated and decided per immediate need basis. The employee is expected to be answering the phone and come to work when needed, e.g. when ...
In psychology, gainful employment is a positive psychology concept that explores the benefits of work and employment. Second only to personal relationships, work is the most important determinant of quality of life. [1] [2] Over 7855 articles were published on job satisfaction between the years 1976 and 2000. [citation needed]
The General Schedule ( GS) is the predominant pay scale within the United States civil service. The GS includes the majority of white collar personnel (professional, technical, administrative, and clerical) positions. As of September 2004, 71 percent of federal civilian employees were paid under the GS.
The Organisation for Economic Co-operation and Development defines the employment rate as the employment-to-population ratio. [ 1] This is a statistical ratio that measures the proportion of a country's working age population (statistics are often given for ages 15 to 64 [ 2][ 3]) that is employed. This includes people that have stopped looking ...
v. t. e. Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. [1] Statisticians conventionally measure such growth as the percent rate of increase in the real and nominal gross domestic product (GDP).
An economic depression for instance, would not necessarily set off a chain of events leading back to full employment and higher wages. Keynes believed that government action was necessary for the economy to recover. In Book V of Keynes's theory, Chapter 19 discusses whether wage rates contribute to unemployment and introduces the Keynes effect.
v. t. e. Wage growth (or real wage growth) is a rise of wage adjusted for inflations, often expressed in percentage. [ 1 ] In macroeconomics, wage growth is one of the main indications to measure economic growth for a long-term since it reflects the consumer's purchasing power in the economy as well as the level of living standards. [ 2 ]
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