10 Money Market and the LM Curve MACROECONOMICS Macroeconomics Prof. N. Gregory MankiwRudra SensarmaKozhikode Indian Institute of Management www rudrasensarma info www.rudrasensarma.info ® PowerPoint Slides by Ron Cronovich © 2013 Worth Publishers‚ all rights reserved Learning objectives & outcomes • Money Market & the LM Curve – Real Money‚ Real Income & Interest Rate y‚ – Deriving the LM Curve – Monetary Policy & the LM Curve 2 Financial Markets (Money Market) and the LM
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Mussolini’s economic ideas in the 1920s were mostly incoherent and designed purely to appease his supporters. Through the evaluation of the consequences of incessant government intervention in the economy‚ corporatism‚ the impact on Italian workers‚ as well as the impact on agriculture‚ it is clear that much of Mussolini’s policies were incoherent‚ in the sense that they were irrational‚ having more merit as propaganda than as functioning plans. Although limited successes in industry may be credited
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Economic affect of flooding on the Pakistan economy The floods in Pakistan have amounted to an economic disaster for the country. The scale of the human tragedy is enormous. To put it in some perspective‚ the flood waters have submerged one-fifth of Pakistan; roughly an area the size of Florida culminating in 1600 dead‚ about 20 million people displaced and 17 million acres of farmland destroyed. Pakistan’s towns‚ villages‚ crops‚ livestock‚ personal possessions and infrastructure have been completely
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Does immigration help or hurt the U.S. economy? It sounds like a simple enough question. Immigration in recent decades has significantly increased the presence of offshore workers in the United States. The impact of these immigrants on the U.S. economy is hotly debated. Sometimes immigration and globalization have often been described as economic threats. The truth‚ however‚ is more complex. The most important conclusion that emerges is as follows: The studies uniformly show that immigrants do not
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In your personal opinion‚ is Adela Strangeworth inherently evil or was evil something that was socially constructed within her as a person? Explain. In the short story “The Possibility of Evil‚” Adela Strangeworth is made out to be a sweet innocent old lady living a perfect life. Everyone in her town seems to think that Adela is just some old lady who is really friendly and who cares for her neighbors. In reality‚ she walks around town acting like she is perfect and then goes home and writes
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America ’s Economy during the 1840 ’s through the 1860 ’s The influential factors that contributed to the vigorous economic expansion of America during the 1840 ’s through the 1860 ’s‚ consisted of the Industrial Revolution‚ the Improvements in Transportation‚ and Internal Expansion‚ all played a vital role in helping form the dynamic economy. The nations industry was rapidly growing more efficient‚ better quality products‚ with help of the advances in manufacturing technology. A change from unmarried
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One governmental program‚ the War Production Board‚ had a great impact at the homefront. The War Production Board‚ composed of dollar-a-year men and labor managers‚ had contracts with big companies who subcontracted with smaller firms in a way that empowered big businesses to produce the goods necessary for the war‚ which
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THE BRITISH HOME FRONT In August 1914‚ Britain was ill-prepared to fight a prolonged war on the Continent. Nevertheless‚ changes were soon made to rectify this situation. 1. Increasing government control over society and the economy: • Britain introduced the Defence of the Realm Act in August 1914‚ to give the government special powers to run the war. • Heavy industry (eg. Steel) was placed under government control. • Certain industries were nationalised. These included the coal industry
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iron industry. On top of these losses‚ the Versailles Treaty also stipulated that Germany would have to pay huge war reparations to the winning countries. All these caused great difficulties in the German economic operations and pushed the German economy to the verge of bankruptcy. The inflation rate became extremely high and prices were soaring. Printing presses worked overtime to print Reichsbank notes. By November 1923 one US dollar was worth 4‚200‚000‚000‚000 marks. Unemployment rate was also
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countries with similar levels of income per capita” (Destefanis 8). The people’s need to generate a living has established “large presence of a ‘hidden economy’” (Destefanis 9) within in the South. This “hidden economy” is a cash based economy that exists due to non-governmentally regulated businesses. Cash based work and the existence of the “hidden economy” is largely documented in the South‚ where the workforce is “characterized by the highest proportion of irregular workers across all sectors” (Destefanis
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