The problem associated with the government reacting to the record harvests by increasing taxes or decreasing spending is that Unemployment will increase.
What is Unemployment?
When someone actively seeks job but is unable to do so, this is referred to as being unemployed. One important indicator of the state of the economy is unemployment.
The unemployment rate is the most often used indicator of unemployment. It is computed by dividing the total labor force by the number of jobless people.
Numerous governments provide unemployment insurance to certain unemployed people who meet the criteria.
Governmental organizations gather and make available unemployment data in a number of ways.
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