10 Money Market and the LM Curve MACROECONOMICS Macroeconomics Prof. N. Gregory MankiwRudra SensarmaKozhikode Indian Institute of Management www rudrasensarma info www.rudrasensarma.info ® PowerPoint Slides by Ron Cronovich © 2013 Worth Publishers‚ all rights reserved Learning objectives & outcomes • Money Market & the LM Curve – Real Money‚ Real Income & Interest Rate y‚ – Deriving the LM Curve – Monetary Policy & the LM Curve 2 Financial Markets (Money Market) and the LM
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THE PHILLIPS CURVE The short-run relationship between inflation and unemployment is often called the Phillips curve. In 1958‚ economist A. W. Phillips published an article in the British journal Economica that would make him famous. The article was titled “The Relationship between Unemployment and the Rate of Change of Money Wages in the United Kingdom‚ 1861–1957.” In it‚ Phillips showed a negative correlation between the rate of unemployment and the rate of inflation. That is‚ Phillips showed
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The Laffer curve‚ named after the economist Arthur Laffer‚ is a curve that demonstrates the trade-off between tax-rates and tax-revenues (Wanniski 1978). It is used to illustrate the concept of taxable income elasticity‚ the idea that a government can maximise the revenue by setting the tax rates at an optimum point. This curve can be traced back as far as 1844 to a French economist Jules Dupit who in 1844 found similar effects as Laffer did (Laffer 2004). Dupit also saw tax revenues rising from
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Hello. Welcome to the fixed income session of the Bloomberg Essential Online Training Program. My name is Kyle Ashworth‚ and today we’ll be discussing the analytics and data monitors that we have available within fixed income on the Bloomberg terminal. The first tool that we want to use to look at news‚ news for fixed income. So what we’ll do is we’ll navigate down to the bottom of the menu‚ and we’ll click on 14 NBOND for bond news. Clicking that‚ it’ll load a very familiar page for you.
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Theory of Parabolas By Amergin McDavid A parabola is designed on a basic formula‚ Y=ax^2+bx+c‚ which allows it to achieve a curve not seen in a normal line graphed using a Y=mx+b format. To the left is a graph who’s formula is y=x^2‚ where a=1‚ b=0‚ and c=0. I have isolated the (a) factor to see its effects on the parabola. Below is a graph where I have changed the (a) multiple times. The result is that as the (a) decreases‚ the mouth of the parabola widens due to the fact that (a) is essentially
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The Bathtub Curve and Product Failure Behavior Part One - The Bathtub Curve‚ Infant Mortality and Burn-in by Dennis J. Wilkins Retired Hewlett-Packard Senior Reliability Specialist‚ currently a ReliaSoft Reliability Field Consultant This paper is adapted with permission from work done while at Hewlett-Packard. Reliability specialists often describe the lifetime of a population of products using a graphical representation called the bathtub curve. The bathtub curve consists of three periods: an
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to hide ugliness Brush and ink. Distorted by emphasising mood and a lot of time removing noses The scream is displaying a terrified man getting trailed yet feeling isolated and separated. Straight lines create depth and distance. Curves create anguish and messiness of life The colours represent the artist’s feelings. Blood red represents feared and anger Blue – cold and sadness Sadness‚ grief‚ loneliness‚ deep depression is all available to be seen in the painting.
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almost perfect straight line‚ although‚ human error could have effected the outcome because of mistakes measuring‚ as well as plotting of the data on the graph. The velocity versus time graph came out to be a quadratic model‚ having a number of curves. Since this is based off of original measurements‚ any mistakes in measuring would have been multiplied when the velocity was calculated‚ so human error could be prevalent here as well. Conclusion Our hypothesis was only partially supported. The
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interconnected objects are represented by mathematical abstractions called vertices‚ and the links that connect some pairs of vertices are called edges.[1]Typically‚ a graph is depicted in diagrammatic form as a set of dots for the vertices‚ joined by lines or curves for the edges. Graphs are one of the objects of study in discrete mathematics. Line graph is a graph that uses line segments to connect data points and shows changes in data over time. A bar graph displays data visually and is sometimes called
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Wyman October 31‚ 2011 PSY 201 We live in an old apartment that has base board heaters and single pane windows. The fall and winter heating bills were getting pretty high. So we decided to find ways to help us conserve on our heating bills and make it warm in our house without an extremely high bill. The first thing we did was ask friends if they have any ideas‚ and then we searched on the internet for other ways to conserve. We found
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