Name Institution Instructor Subject Date Keynesian approaches in achieving long run macroeconomic stability The two schools of economic thoughts have different perspectives on how macroeconomic stability can be achieved. Keynesian economics became prominent when John Maynard Keynes introduced the concept of active participation of government in stabilizing the economy. This was because the private sector alone was not able to sustain stability due to inefficiencies in the free
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INFLATION It can be stated that Inflation is the rise in prices of products as a result of the increase in the quantity of money. This definition however would be inefficient since for two reasons; 1. If we simply term inflation to be a rise in prices of certain products then we will be mistaken because prices might be rising in one sector of the economy yet falling in another sector. 2. We have to take into account that the process may be high this month but generally fall the following month
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What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment‚ inflation‚ recession‚ etc.)? What fiscal policies and monetary policies would be appropriate at this time? THE PROBLEM: US is the leading economy of the world but is under a recession since 2008 or so. Unemployment is at record high and is the biggest problem areas for policy makers. No jobs means consumer confidence and business sentiment also suffer. The problem stared
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Appendix and References 1. Consumer Price Indices 2. Income and Assets Test 3. http://www.hkdailynews.com.hk/news.php?id=277873 4. http://www.censtatd.gov.hk/hkstat/sub/so30.jsp 5. http://www.censtatd.gov.hk/hkstat/sub/so60.jsp 6. http://www.swd.gov.hk/en/index/site_pubsvc/page_socsecu/sub_comprehens/ 7. http://www.poverty.org.hk/povertydata?tid=26 8. http://www.hkcss.org.hk/policy/ gfijgioerjgeignjierogioehjdjngjdfngfkdg dfgdfgfdgfdgdfgfdgfdgdfgfdgfd
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Microeconomic First Homework Chapter 1 4. You win $100 in a basketball pool. You have a choice between spending the money now or putting it away for a year in a bank account that pays 5 percent interest. What is the opportunity cost of spending the 100$ now? Answer: By spending the money right away the opportunity cost is 5 percent of 100 dollars that is 5 dollars plus the 100$ itself. So the total opportunity cost is $105‚- 5. The company that you manage has invested $5 million in developing
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McKenzie 1 Lorraine McKenzie Professor Frazer Business 100 April 21‚ 2015 Assignment How does microeconomics affect business? Microeconomic is the study of decisions that people and businesses make regarding the allocation of resources and prices of goods and services. This means also taking into account taxes and regulations created by governments. Microeconomics focuses on supply and demand and other forces that determine the price levels seen in economy. Microeconomics looks at how a specific
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2010 An exploration of dynamic relationship between tourist arrivals‚ inflation‚ unemployment and crime rates in Malaysia Chor Foon Tang Department of Economics‚ Faculty of Economics and Administration‚ University of Malaya‚ Kuala Lumpur‚ Malaysia Abstract Purpose – The main purpose of this study is to examine the dynamic relationship between tourist arrivals‚ inflation‚ unemployment and crime rates in Malaysia. This study covered the annual data from 1970 to 2008. Design/methodology/approach
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Project Report On Impact of Recession in India INDEX Introduction to recession Definition of recession Attributes of recession Causes & Effects of recession Stock Market & Recession Recession & Politics History of Recession Current crisis in the US Impact of recession in India Consequences of US Recession Conclusion Bibliography Acknowledgement If words are considered to be sign of gratitude then let these words convey the very same. *I am highly
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Glynn Lowth‚ Malcolm Prowle‚ Michael Zhang Nottingham Business School The impact of economic recession on business strategy planning in UK companies Research executive summary series Volume 6 | Issue 9 Key findings: The key findings from this research were: • There is very little optimism about the prospects for the UK economy in the short to medium-term. • There is quite a degree of optimism from companies about their own commercial future based on a combination of factors such
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INDIAN ECONOMY 1|Page Gross Domestic Product The monetary value of all the finished goods and services produced within a country’s borders in a specific time period‚ though GDP is usually calculated on an annual basis. It includes all of private and public consumption‚ government outlays‚ investments and exports less imports that occur within a defined territory. GDP = C + G + I + NX Where: "C" is equal to all private consumption‚ or consumer spending‚ in a nation’s economy "G"
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