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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Learning curve in psychology and economics The first person to describe the learning curve was Hermann Ebbinghaus in 1885. He found that the time required to memorize a nonsense word increased sharply as the number of syllables increased.[1] Psychologist‚ Arthur Bills gave a more detailed description of learning curves in 1934. He also discussed the properties of different types of learning curves‚ such as negative acceleration‚ positive acceleration‚ plateaus‚ and ogive curves.[2] In 1936‚ Theodore
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Introduction in Graph Theory (BASIC CONCEPTS) BASIC CONCEPTS We used decision trees in Unit DT and used them to study decision making. However‚ we did not look at their structure as trees. In fact‚ we didn’t even define a tree precisely. What is a tree? It is a particular type of graph‚ which brings us to the subject of this unit. What is a Graph? There are various types of graphs‚ each with its own definition. Unfortunately‚ some people apply the term “graph” rather loosely‚ so
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Whether it is by making mistakes‚ by observing others‚ or repeating a process over again‚ it is human nature to learn. In their book The Bell Curve‚ Richard Herrnstein and Charles Murray disagree and hold the position that human intelligence is inborn and measurable by IQ‚ which In turn shows how much success a single individual will have in life. The Bell Curve supports a class system‚ arguing that the intelligent are likely to become ever more dominant and prosperous‚ while the unintelligent are falling
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or not there is a factual causal connection between the injuries inflicted upon X during the fight and the eventual loss of X’s business‚ we need to look at the method of the conditio sine qua non theory and determine if there was actually a factual causal nexus. According to Van der Merwe and Olivier‚ conditio sine qua non theory is when an act is the cause of a result if the act cannot be thought away without the result also disappearing. This means that for an act to be the cause of a result‚ the
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proved to be helpful in easing international tension in difficult times when powerful leaders were trying to control the world’s economy and other governments were fighting over the land. The Olympic Games are one of the best examples which prove how sporting events can bring nations together‚ at least temporarily. From the ancient History‚ when Greeks and Romans would interrupt battles to participate in the games‚ to the more recent international disputes‚ when athletes from Palestine and
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Learning Curve Primer The concept of a Learning Curve is motivated by the observation (in many diverse production environments) that‚ each time the cumulative production doubles‚ the hours required to produce the most recent unit decreases by approximately the same percentage. For example‚ for an 80% learning curve: If cumulative production doubles from 50 to 100‚ then the hours required to produce the 100th unit is 80% of that for the 50th unit. The learning curve formula can be expressed
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The tides would be all out of whack. Oceanic animals could go extinct‚ even humans could go extinct. Days would be way shorter and if you took the moon we could either have extreme or no season. Is that what you really want. As mentioned in the paragraph above I mentioned that it could ruin marine life‚ that was no joke. The animals could become homeless because the tide would retract so any animal that lives close to shore would die. Also some animals depend on the movement of the tide to live
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American Intercontinental University Unit 4 Individual Project MKTG 205 – Principles of Marketing 8-12-2011 Abstract This paper is a marketing plan for Tide laundry detergent. It will start out introducing Tide giving a brief description of the situation analysis‚ marketing strategy. It will give an overview of the product and service and strategies to consider. What Tide’s pricing strategy they use and talk about their distribution channels. This paper will give an overview of integrated
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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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