of the central bank‚ and it includes (1) currency and (2) reserves • Nash equilibrium: if no one accepts money then you won’t either Lecture 2 D = 100 + 80 + 64 + . . . or equivalently D=100+.8×100+.82 ×100+... D=100(1+0.8+0.82 +...) Say‚ x=1+0.8+0.82 +... then multiply both sides by 0.8 to obtain 0.8x=0.8+0.82 +0.83 +... now subtract the last equation from the second-to-last one: x−0.8x=1+0.8+0.82 +... −0.8−0.82 −... (1−0.8)x=1→x=1/(1−0.8)=5 If r=1-0.8… D = 1/r(MB) Ms=1/r(MB)
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With reference to one or more river basins‚ describe and explain the different impacts of flooding. (25) Floods make a big impact on the environment and society. Floods can destroy drainage systems in cities. Also in cases of severe floods‚ buildings can be damaged and even destroyed. This can lead to catastrophic events on the environment and society. Floods also cause millions of pounds worth of damage. However‚ floods do have a slight positive effect on the environment as floods spread sediment-containing
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Carlos Casso Homework 5: The Business Cycle‚ Unemployment‚ and Inflation 1. What is the definition of the business cycle? Draw the business cycle model. Identify the 4 phases of the business cycle‚ label the points of interest‚ and show the US economy where it is today. What is the definition of full employment RGDP? (AKA the natural rate of unemployment). What must be true before it can be stated that a country is in a recession? The business cycle shows the alternating rises and
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Macroeconomics Assignment: Unemployment Unemployment Data for August of 2013 Employment (rose/fell/remained unchanged)‚ and the unemployment rate edged (up/down/stayed unchanged) to (?) percent in the last month. Total nonfarm payroll employment increased by 169‚000 in August‚ and the unemployment rate was little changed at 7.3 percent‚ the U.S. Bureau of Labor Statistics reported today. Employment rose in retail trade and health care but declined in information. The jobless rate had
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How resale of items impacts GDP The textbook defines Gross domestic product (GDP) as “The market value of all final goods and services produced within a country during a specific period” (Gwartney pg. 131). GDP is a tool to measure a country’s economic growth. The term re-sale is defined as “The act of selling something that you have bought” (Merriam-Webster). The resale of items are not included in the GDP because they do not involve current production‚ they were already counted in the GDP during
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Macroeconomic Schools of Thought Macroeconomics is concerned with issues‚ objectives and policies that pertain to the overall economy. It focuses on economic aggregates or grand totals that relate to the entire economy. Basically it is how all the elements of an economy function together. Macroeconomics is well thought-out into many different schools of thought‚ which have different views about how markets should operate. The different types of schools of thoughts given
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Research Proposal On Impact of Socio Economic Condition on Academic Achievement of Students Introduction Education provides individual children with the knowledge and skills necessary to advance themselves and their nation economically. Socioeconomic factors‚ such as family income level‚ parents ’ level of education‚ race and gender‚ all influence the quality and availability of education as well as the ability of education to improve life circumstances. (Jennifer‚ 2005). A person’s education
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Curriculum Vitae Personal Information Name Nationality Date of Birth Marital Status Address: Mobil Email : : : : : : : Saddam Mohammed Ali AL-khalaky Yemeni 12/12/1987 Single Hael Street‚ Sana ’a - Yemen +967 770522269 eng_saddam22008@yahoo.com Objectives Work in a challenging position as an Electrical Engineer in the Electricity field‚ maintenance‚ sales or training and do the best result to the job. Education B.S. Electrical Engineering ( power & machines ) ‚
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Virgil’s Prevailing Hero The heroic characteristics introduced in Virgil’s Aeneid are different in comparison to the Homeric epic characteristics. Unlike Homeric epics the Iliad and the Odyssey‚ Virgil depicts Aeneas‚ the Aeneid epic hero‚ in a modern way‚ making Aeneas more relatable and better understood by the audience. The three major differences between Virgil’s epic hero‚ Aeneas‚ and Homer’s epic heroes‚ Achilleus and Odysseus‚ from the Iliad and the Odyssey are the use of inner struggles
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Adventure Works Cycles‚ the fictitious company on which the AdventureWorks sample databases are based‚ is a large‚ multinational manufacturing company. The company manufactures and sells metal and composite bicycles to North American‚ European and Asian commercial markets. While its base operation is located in Bothell‚ Washington with 290 employees‚ several regional sales teams are located throughout their market base. In 2000‚ Adventure Works Cycles bought a small manufacturing plant‚ Importadores
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