Administration used active fiscal policy to help the economy recover by implementing a 787 billion dollar stimulus package. The package was highly effective in restoring the economy. For example‚ it created jobs‚ extended unemployment benefits‚ and reignited the housing market again. Just when the stimulus kicked in‚ the recession came to an end. However‚ the point of the stimulus was to short circuit the recession and spur recovery (Zandi 2). It definitely did its job‚ but the effects will not be long-term
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Macroeconomics- Final Project Source: The World Bank & OECD- All figures are annually based. The country of Brazil is the both the largest‚ in terms of territory‚ and most populated country in South America. The country’s largest exports consist of coffee‚ iron ores and concentrates‚ petroleum oil‚ raw sugar‚ and soya beans. Brazil’s largest trade partners (in both import and export) include: China‚ The United States‚ and Argentina. (The Atlas of Economic Complexity‚ 2011) Source: The
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BASIC INTRODUCTION TO MACROECONOMICS‚ TOOLS AND TERMINOLOGIES By- Rhit Srivastava MBA –PM(05) IIHMR Economics • Economics is the social science that studies economic activity to gain an understanding of the processes that govern the production‚ distribution and consumption of goods and services in an exchange economy Types of economics • Macro economics : Concentrate on large picture of economy. • Microeconomics: • Microeconomics deals with behavior of individual market and the business‚ consumer
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Introduction to Macroeconomics 1) Which of the following is NOT a topic studied in Macroeconomics? A) gross domestic product B) the unemployment rate C) the price of IBM computers D) the inflation rate Answer: C . 2) Which of the following is a topic studied in Macroeconomics? A) gross domestic product B) the wage of auto workers C) the price of IBM computers D) the amount of pizza produced Answer: A 3) Which of the following is a topic studied in Macroeconomics? A) the functioning
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below were compiled to assist rock engineering students attempting the written examinations for the Chamber of Mines Strata Control and Rock Mechanics Certificates. 2 BEFORE ENTERING THE EXAM VENUE 2.1 Confirm the location of the exam venue‚ how long it takes to get there and allow for any minor mishaps and traffic congestion in planning travelling time. 2.2 Make sure you have a watch that can measure time in minutes – cell phones may not be permitted in the exam hall. 2.3 Check that your
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Run Lola run Tom Twykers film ‘Run Lola Run’ released in 1998 celebrates modern contemporary Germany‚ giving a significant insight into the lives of young adults and the overall workings of society. The film distinctive images portray‚ the struggles and experiences presented in society at the time of the films production‚ through the visual elements of film. Consequently in life when individual are put under the pressure of time‚ we make careless decisions that affect the overall outcome. This notion
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offensive‚ defensive‚ and stability tasks simultaneously. Depending on the Commander’s mission‚ different emphasis will be place on the three task sets. With primary objectives secured‚ Major General Petraeus had to shift his priorities to stability operations to ensure the success of future operations. Major General Petraeus’ proper application of the principles of Stability and use of decisive actions directly resulted in achieving the ultimate goal of Stability
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surprise: investment is not the key to growth (by Easterly) * Investment cannot be the source of growth in the long run * The belief of increasing buildings and machinery is the fundamental determinant of growth = capital fundamentalism * Investment increases machine per worker would lead to diminish return in long run * Technological progress is the key to growth in long run because it increases the productivity of the machine itself rather than machine per worker * Labor-saving technology
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CHAPTER 3 National Income: Where It Comes From and Where It Goes Questions for Review 1. The factors of production and the production technology determine the amount of output an economy can produce. The factors of production are the inputs used to produce goods and services: the most important factors are capital and labor. The production technology determines how much output can be produced from any given amounts of these inputs. An increase in one of the factors of production or an improvement
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Q1. What is monetary policy? Answer:- Monetary policy is government change in money supply to influence the economy‚ to solve economies problems. Economies problems include inflation in boom‚ unemployment etc. change in the money supply move interest rates up or down and affect spending in sectors such as business investment‚ housing‚ and foreign trade. Monetary policy has an important effect on both actual GDP and potential GDP. Q2. If the government wanted to slow down the economy (when
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