Past economic collapses have had political as well as financial causes. Persistent trade deficits, wars, revolutions, famines, depletion of important resources, and government-induced hyperinflation have been listed as causes.here are few well documented cases of economic collapse. One of the best documented cases of collapse or near collapse is the Great Depression, the causes of which are still being debated. To understand the Great Depression is the Holy Grail of macroeconomics..
On our campus, alternate work schedules consist of flextime and compressed workweeks. Compressed Workweek: Compressed workweeks are alternative work arrangements where a standard workweek is reduced to fewer than five days, and employees make up the full number of hours per-week by working longer hours.
1 The standard work week is defined by law as a regularly recurring period of 168 hours in the form of seven consecutive 24 hour periods. 2  The Universityâs official work week is 12:01 a.m. Sunday through 12:00 midnight Saturday.  The Universityâs normal work day is 7.5 hours. Many jobs are required to work eight hours daily, totaling 40 hours weekly. Note: The standard work week and work day apply primarily to positions which are subject to overtime provisions of state law (nonexempt).