The Multiplier and Keynesian Economics The concept of the multiplier process became important in the 1930s when John Maynard Keynes suggested it as a tool to help governments to achieve full employment. This macroeconomic “demand-management approach”‚ designed to help overcome a shortage of business capital investment‚ measured the amount of government spending needed to reach a level of national income that would prevent unemployment. The theory of multiplier occupies an important place in the
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DERIVATION OF A SIMPLE INCOME MULTIPLIER Let’s start with a very simple closed economy‚ where GDP or Y = C + I + G only and there are no exports (X) or imports (M). (1) Substituting the Consumption Function for C: Y = (co + c1 YD) + I + G = (co + c1 {Y - T}) + I + G = co + c1Y – c1T + I + G (2) Collecting terms in Y on the left hand side‚ and factoring out Y: Y – c1Y = Y (1 – c1) = co - c1T + I + G (3) Placing (1 – c1) back on the right hand side‚ we have derived an expression for equilibrium
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Dubai- the city of deserts where is the place located? Dubai is located in the United Arab Emirates in the middle east what is the population of the place after 2010? 2.106 million people. what are the reasons for the growth of Dubai In 1990‚ Dubai was little more than a Middle Eastern desert‚ earning its livelihood from the oil industry. Then‚ the Persian Gulf War took a great toll on Dubai’s economy after a massive withdrawal of funds occurred due to Economic uncertainty. During
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Introduction The Palm Jumeirah is a large artificial island built off the coast of Dubai comprising villas‚ Leisure and entertainment facilities. It was one of the largest and most ambitious projects of its kind‚ 25km2 of new land being created. The project was held by Nakheel. The Palm takes the shape of a palm tree and is divided into three main sectors: the trunk (the hub)‚ the fronds (mostly residential villas) and the crescent (shore protection and luxury houses). Aims & Objectives The
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http://hubpages.com/hub/FINANCIAL-CRISIS-IN-DUBAI-REASINS-AND-EFFECTS FINANCIAL CRISIS IN DUBAI-REASONS AND EFFECTS Dubai-economic position That is Dubai-sky piercing towers‚ rotating buildings‚ spectacular architectural designs‚flow of petro-dollers‚broad and clean road notworks‚ etc‚etc.Businessmen‚ investers‚ and lusury-seekers‚ used to visit Dubai with all zeal. Some weeks ago‚ Dubai had issued to international investers‚ bonds worth $1.9trillion‚whiched sent the message that its
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The Positive And Negative Effects Of Globalisation On Dubai Alexander Cochrane Charles Pillsbury Allen High School The earliest recorded mention of Dubai is in 1095‚ in the Book of Geography by the Spanish-Arab geographer Abu Abdullah al-Bakri (Dubai-Architecture‚ N.D.). In 1966 the discovery of oil greatly changed Dubai’s fortunes (Suddath‚ 2009) and was a turning point for the future. However‚ compared with its neighbours‚ Dubai had limited oil reserves‚ prompting its rulers to turn to other
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FIELD-PROGRAMMABLE GATE ARRAY A field-programmable gate array (FPGA) is an integrated circuit designed to be configured by a customer or a designer after manufacturing—hence "field-programmable". The FPGA configuration is generally specified using a hardware description language (HDL)‚ similar to that used for an application-specific integrated circuit (ASIC) (circuit diagrams were previously used to specify the configuration‚ as they were for ASICs‚ but this is increasingly rare). Contemporary
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Scholarly articles for corporate strategy triangle From competitive advantage to corporate strategy - Porter - Cited by 2184 … customer lifetime value is reshaping corporate strategy - Rust - Cited by 950 Corporate strategy revisited: a view from complexity … - Caldart - Cited by 53 Search Results Triangle Corporate Strategy - SlideShare www.slideshare.net/onramtd/triangle-corporate-strategy Dec 30‚ 2009 – corporate strategycorporate strategycorporate strategycorporate strategycorporate
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ComFlor® case study Dubai Metro Project‚ United Arab Emirates Client: Government of Dubai Road & Transport Authority/RTA Project management and supervision: Systra-Parsons Designer: WS Atkins & Partners Overseas -ATKINS Main contractor: Dubai Rapid Link Consortium/DURL (Obayashi Corporation - Kajima Corporation - Yabi Merkezi & Mitsubishi Heavy Industrial) Decking system: ComFlor® 80 Telephone: 0845 30 88 330 The Dubai Metro urban train network is a major transport infrastructure
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MULTIPLIER AND ACCELERATOR THEORY The Keynesians‚ have offered a demand side explanation of the business cycle. According to them‚ the fluctuations in output and employment in the country are caused by fluctuations in aggregate demand. The ups and downs in aggregate demand are caused by changes in the volume of investment. The volume of investment is directly related to the marginal efficiency of capital. The investment increases in response to higher marginal efficiency of capital and decreases
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