GDP growth? ‘Singapore’s inflation accelerated to the fastest pace since January as transportation and housing costs increased‚ maintaining pressure on the central bank to allow the currency to strengthen even as growth falters.’ (Adam et al‚ 2011) Due to the sharp increase in housing costs and high COE (Certificate of Entitlement) premiums‚ the CPI (Consumer Price Index) inflation rate rose to 5.4% in July (Recent Economic Developments in Singapore‚ 2011). Inflation leads to a rise in the general
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I. INTRODUCTION Unemployment is the condition of willing workers lacking jobs or "gainful employment". In economics‚ unemployment statistics measure the condition and extent of joblessness within an economy. A key measure is the unemployment rate‚ which is the number of unemployed workers divided by the total civilian labor force. The unemployment rate is also used in economic studies and economic indexes such as the Conference Board’s Index of Leading Indicators. Unemployment in an economic sense
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that Economics is the "study of how societies use scarce resources to produce valuable commodities and distribute them among different people." Meanwhile‚ economics reflect the economic decision and choices of people on goods and services. Economics explains how people interact within markets to get what they want or achieve their goals. Since economics is a driving force of human interaction‚ it also shows the reasons of why people and governments behave in particular ways. Generally‚ microeconomics
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Summary of information on each subject/module | |Name of Subject/Module |Introductory Macroeconomics | | |Subject Code |BME1024 | | |Status of Subject |Foundation | |
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which makes the value of money increase. | | Score: | 0.25/0.25 | | | 4. | QZ12004 | | The classical theory of inflation | | | Student Response | A. | is also known as the quantity theory of money. | B. | was developed by some of the earliest economic thinkers. | C. | is used by most modern economists to explain the long-run determinants of the inflation rate. | D. | All of the above are correct. | | Score: | 0.25/0.25 | | | 5. | QZ12012 | | When the money
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Explain how foreign exchange rates are determined. How do changes in interest rates‚ inflation‚ productivity‚ and income affect exchange rates? What are the advantages and disadvantages of a weak versus a strong dollar for imports‚ exports‚ international and domestic markets? Explain how foreign exchange rates are determined. Pg. 482 Exchange rates are determined by : Changes in a Country’s Income‚ Changes in a Country’s Prices‚ Changes in Interest Rates‚ and Changes in Trade Policy. How do changes
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Alternatively‚ it could be due to a switch in investors’ preferences from dollar to non-dollar assets. 3. In early 1996‚ the short-term interest rate in France was 3.7%‚ and forecast French inflation was 1.8%. At the same time‚ the short-term German interest rate was 2.6% and forecast German inflation was 1.6%. a. Based on these figures‚ what were the real interest rates in France and Germany? Answer. The French real interest rate was 1.037/1.018 - 1 = 1.87%. The corresponding real rate
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Account Crises‚ Occasional Paper No.210‚ (Washington‚ D.C.: IMF). Hossain‚ A. (2000)‚ Exchange Rates‚ Capital Flows and International Trade: The Case of Bangladesh (Dhaka: University Press Limited). Hossain‚ A. (2002b)‚ "Exchange Rate Responses to Inflation in Bangladesh"‚ Mimeo. IMF (1997)‚ "Analytical Issues in the Choice of Regime"‚ Chapter IV‚ World Economic Outlook (October) (Washington‚ D.C.: IMF). IMF (2000)‚ World Economic Outlook (various issues) (Washington‚ D.C.: IMF). Rahman‚ A. and A. Razzaq
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Kuwait Chapter of Arabian Journal of Business and Management Review Vol. 1‚ No. 11; July 2012 INFLATION TARGETING AND MONETARY POLICY INSTRUMENTS: EVIDENCE FROM NIGERIAN AND GHANA Osuji Casmir Chinaemerem Department of Accounting‚ Banking & Finance Delta State University‚ Asaba Campus. Delta State Nigeria. & Akujuobi‚ L.E (Ph.D) Department of Financial Management Technology (FMT) School of Management Technology Federal University of Technology‚ Owerri (FUTO) PMB 1526 Owerri‚ Imo State‚ Nigeria ABSTRACT
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9. Answer sheets will be provided. 10. Since the following questions will be used in an exam; lecturers‚ tutors and PASS leaders will not provide help in directly answering the questions. Pool of Short-Answer Questions for Tutorial Tests Explain the three different approaches that can be used to calculate GDP. Briefly indicate why all three approaches should give the same estimate for GDP. (3 marks) Is GDP a good measure of a country’s economic welfare? Discuss. (5 marks) Consider the
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