(wholesale) rate (MRR) and the deposit rate also exhibit a longrun equilibrium relationship. If the lending and deposit rates diverge from their long-run equilibrium relationship‚ 37 per cent of the disequilibrium is corrected each quarter by changes in the lending rate. On the other hand‚ any disequilibrium in the long-run relationship between the deposit and MRRs can be corrected by changes in the MRR at about 58 per cent per quarter. Originality/value – The results imply that the financial liberalization
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rates; Monetary policy instruments and their limitations‚ Liquidity trap 2 9 IS-LM curves‚ goods market and money market simultaneous equilibrium‚ shifts in IS-LM‚ monetary accommodation of fiscal expansion 2 10 International Linkages: BoP‚ Exchange rates- fixed‚ flexible; REER‚ PPP‚ factors affecting currency appreciation-depreciation‚ forex reserves; central bank intervention in forex markets and its sterilization‚ Arbitrage and ‘Carry trade’
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economic activity. The demand and supply shows the market situation‚ when supply becomes balanced with demand‚ the market is reached the equilibrium. At equilibrium‚ resources are used at their maximum efficiency‚ therefore‚ when the market is disequilibrium‚ sellers or government usually use some ways like price mechanism‚ to let the demand and supply of the market reach to the equilibrium. For example‚ if there are a shortage in a market‚ that consumer are willing and able to buy more or a good
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and quantity are P1 and Q1. An increase in supply due to the improvement in technology and falling cost of agricultural inputs shifts the supply curve to S2. With S2 and initial price P1‚ there is a move from point a to point b‚ where there is disequilibrium due to excess supply (by the amount equal to the horizontal distance between a and b). Therefore‚ price begins to fall‚ and as a result‚ a movement down S2 to point c where a new
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Motasem Ashour Listening Journal #1 Beethoven’s Symphony No.5 in C minor is one of the most popular compositions in classical music of all time. The tempo of the traditional symphonic performance was much slower than its modern/contemporary counterpart. The traditional orchestra’s tempo was moderato which means Moderate in terms of speed of the beats. The modern performance’s tempo was much faster and livelier. The reason for this is that the modern performance consisted of electric guitars
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Piaget’s theory develops different ideas of how children attain knowledge. He sees children as active thinking people. Therefore‚ children are usually pursuing knowledge. This is considered as a natural characteristic that defines the child. The theory leads to Piaget’s concerned with the growth of intelligence of a child. For Piaget‚ children build knowledge based on their personal interpretation of the world at the different stages of their life that range from infancy‚ childhood and adolescence
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|Transitivity | | Criticisms of Piaget: 1. It is based on naturalistic observation not scientific experimentation. 2. Explanatory mechanisms like schemes‚ assimilation‚ disequilibrium etc. are unobservable and appear to be explanatory fictions. 3. The theory deals only with the “cognitive domain”. 4. The theory is not parsimonious since it uses mental events as key components in the theory. 5. Predictions about the time
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The Case Study: “Effective leadership in unexpected places: A socio-historical analysis of the Red Tops Dance Orchestra‚” looks at how the Red Tops were able to successfully remain intact as a group for two decades. The case study focuses on the management techniques of the band’s drummer‚ Walter Osborne and how he was able to effectively lead the team‚ allowing each team member to be individuals while maintaining the joint identity of the band. As an Army leader I am expected to know my subordinates
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Today I had my mom as my patient. I was very happy to have her as my patient because she was very understandable about having her with me all day‚ and not cleaning her teeth. She has high blood pressure and takes Metoprorol 50 mg one table a day‚ to maintain a normal blood pressure. She had breakfast and took her medication prior to the appointment‚ and her BP reading was 130/81‚ pulse 54 beats per minute‚ and respiration was 20. Her pulse was 54 and the normal values are 60 to 100‚ but taking
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Learning activity 3 ch 1-U1 Javier Hernández Rosado M00-14-4476 1. In what sense do maximization of sales and maximization of management welfare agree or disagree? 2. Negative economic profits is an indicator that the firm is making negative accounting profits. Explain why or why not. 3. Monopoly profit theory is an extension of frictional profit theory. Explain why or why not. Answers: 1. The maximization of management explain that managers maximize the salaries and fringe the benefits. The
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