This posting addresses unemployment and inflation.
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What role do unemployment and inflation have on the management of an organization?
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The solution provides a discussion on the role that unemployment and inflation have on the management of an organization.
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Management can come to several conclusions by assessing the level of unemployment. If unemployment rates are high, wages can be lowered, and additional employees can be hired. The company will save money by lowering wages or by hiring additional workers at a lower wage than what the company is currently paying ...
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