Examples of an Economic disaster involving interest rates?
I need an example of something phenomenal in an economy that involved interest rates and caused huge levels of unemployment . In fact, it doesnt have to be too phenomenal I need this example so I can link it with my assignment topic but I havent found any :c
Asked By: Michael Deman - 8/14/2012
Best Answer - Chosen by Asker
When there's inflation, interest rates are very high, because no bank wants to loose money... More
Answered By: Luis G - 8/14/2012
Additional Answers (1)
Try exploring the economic history of Brazil. They had massive inflationary problems, and had to keep their interest rates really high in order to bring it down. If the Philips Curve is right (what might not be the case), at least in the short run you should see some impact on the unemployment.
Answered By: Max the Magnificent - 8/14/2012
(89) Local Jobs Paying $19-$97 Per Hour- Available Today. Apply Now!
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
$21/hr Start, Avg Pay $72K/yr No Experience Needed! Get Started.
Click. Search. Apply. Free!
Other Career Questions
What jobs are there in the business field that are night jobs? Places and job titles please. Im have a BA in Business Admin and looking for a night job, already have a morning/day job.
Enumerate these jobs Say, patent application writting. patent application writing. In a company, what jobs are needed to keep confidential?
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.