CLASSICAL THEORY -The classical theory of employment is grounded in Say’s Law‚ the classical interest rate mechanism‚ and downwardly flexible prices and wages. -The aggregate supply curve is vertical at the full-employment level of output; the aggregate demand curve is stable if the money supply is constant. -Government macroeconomic policies are unnecessary and counter-productive; automatic‚ built-in mechanisms provide for full-employment output. KEYNESIAN THEORY -Keynesian
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UB313‚ Eris or Xena [pic]Discovery images of the dwarf planet Eris. The three images were taken 1 1/2 hours apart on the night of October 21st‚ 2003. Eris can be seen very slowly moving across the sky over the course of 3 hours. Eris was discovered in July‚ 2005 by Mike Brown of CalTech and his team. Eris was originally named Xena or UB313 but re-named Eris by the IAU (International Astronomical Union). On 10th September 2005‚ astronomers at the Keck Observatory took a look at Eris with a new
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Bronfenbrenner’s ecological systems theory‚ also called development in context or human ecology theory‚ identifies five environmental systems with which an individual interacts. The Microsystem is the innermost level of the environment and consists of activities and interaction patterns in the person’s life. The mesosystem is the second level of Bronfenbrenner’s model and encompasses connections between microsystems. The exosystem consists of social settings that do not contain the developing person
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Assess the clam that Marxist theory no longer has any relevance for understanding modern societies. [25] Marxism was developed by the German philosopher Karl Marx and is a radical alternative to functionalism. Functionalism‚ developed by Emile Durkheim‚ was very influential in the 1940’s and 50’s but started to decline in the 1960’s. Marxism had the answers functionalism failed to give. Marxism is based on the idea that we need food‚ shelter and products in order to survive. We enter in to social
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How does the readers understanding of Perry develop? Early on in the novel‚ In Cold Blood‚ Capote described Perry Smith as a dreamer who tended to live in his own fantasies rather than the real world. We find out that Perry has a creative ambition and a sensitive side as he is a musician. However‚ once again this dream of this his caused him to stop paying attention to reality and what is going on around him by going into a trance. Later on in the novel we are introduced to more of Perry’s
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Accounting Theory – Seminar 2 Presentation Briefly describe the accounting profession/What is the role of accountants? Accountants analyse costs of operations‚ products‚ and special projects. Compute taxes owed‚ prepare tax returns. Organize and maintain financial records. Suggest ways to reduce costs‚ enhance revenues and improve profits‚ Improve businesses efficiency. Critically discuss the role of the CFO Andy Fastow in the ENRON scandal Fastow created hundreds/ of "special-purpose entities"–off
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Bronfenbrenner’s Ecological Systems Theory Bronfenbrenner’s Ecological System’s theory explores the different relationships influencing a child’s development‚ formed in his or her environment. His theory is devised into complex ‘layers’ based on different settings‚ each impacting on the child in some way. The development of a child is heavily influenced by a number of factors in the child’s maturing biology‚ including‚ his immediate family
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The issue I am trying to address is that there have been so many ancient civilizations that contributed to world history that don’t get enough credit. Throughout time their have been civilizations that have contributed to world history in their own unique ways. The Incan empire lasted just shy of a century in that time they managed to develop farming techniques‚ and sturdy architecture. The Aztec empire excelled from 1345 to 1521 CE. Aztecs required mandatory education to boys girls and slaves. Finally
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economics? Tick which of these statements you think are true. Then explain to your partner why. 1 Economics is only the study of money. 2 Economics is something governments take care of. 3 An economist basically decides how money is spent. What does economics study? What do you think of when you hear the word economics? Money‚ certainly‚ and perhaps more complicated things like business‚ inflation and unemployment. The
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World War 2 ID/Sigs Totalitarianism: a concept used to describe political systems whereby a state regulates nearly every aspect of public and private life. Fascism: an authoritarian nationalist ideology focused on solving economic‚ political‚ and social problems that its supporters see as causing national decline or decadence. Nazism: the ideology and practices of the National Socialist German Workers’ Party under Adolf Hitler‚ and the policies adopted by the dictatorial government of Nazi Germany
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