Gourd Supermarkets has an extensive training program for all new employees and then has all employees spend a day in customer service and workplace safety training each year.

Required:
What contract is it:
a. old social
b. new social?

Old social contract

Explanation:

Old social contract is a type of contract that emphasises the long term commitment between the employer and the employee and stable conditions are defined for both parties.

New social contract on the other hand is one that is short term, and there is little commitment to the contract from both parties.

In the given scenario Gourd Supermarkets provides extensive training program for all new employees. They then spend a day in customer service and workplace safety training each year.

This shows a long term commitment, so it is a form of old social contract.

a. Old social contract

Explanation: this is an old social contract which is defined as one between an employee and the employer (organisation, business, company or firm) where the employee contributes his/her ability, education, loyalty, and commitment to the organization, and expect wages and benefits, work, advancement, and training in return. Thus, the old social contract emphasizes on long-term commitments with stable conditions between employers and employees. The old social contract is in direct contrast with the new social contract which exists between an employee and an organization wherein the employee takes personal responsibility for employability and the employer gives challenging assignments, lateral career moves, and creative development opportunities.

answer(d) the growth of consumption is likely to remain sluggish even as the economy begins to recover.;

answerboth the short run phillips curve and the aggregate demand and aggregate supply model