prices negatively affects the economy‚ especially during a recession. America is dependent on the circulation of money‚ if there is poor circulation like there was during the recession‚ the increasing price of steel would lead to inflation. JFK illustrates the risk of inflation by personifying
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Name two causes of inflation. Explain how they work. Demand-pull inflation: As the name suggests‚ demand-pull inflation occurs as a result of increasing aggregate demand in the economy. Cost-push inflation: Cost-push inflation occurs as a result of an increase in the costs of production. How can inflation be caused by excess monetary growth? If there is more money in the economy‚ then there will be more spending‚ thus higher aggregate demand. Increases in the money supply result in higher
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The graph of Inflation rate (consumer prices) *30% of goods in Malaysia are price-controlled Year | Malaysia | Japan | | Inflation rate(consumers price) | Rank(222) | Inflation rate(consumers price) | Rank(222) | 2003 | 1.90% | 168 | -0.90% | 215 | 2004 | 1.10% | 189 | -0.30% | 210 | 2005 | 1.30% | 31 | -0.10% | 6 | 2006 | 3.00% | 90 | -0.30% | 7 | 2007 | 3.80% | 111 | 0.30% | 9 | 2008 | 2.00% | 40 | 0.10% | 5 | 2009 | 5.40% | 89 | 1.40% | 10 | Source: CIA World Factbook and
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PATALINGHUG Competition Policy‚ Technology Policy‚ and Philippine Industrial Competitiveness Epictetus E. Patalinghug Abstract The disappointing performance of the Philippine industrial sector in the past five decades has been attributed to several factors such as the lack of a stable macroeconomic environment‚ poor infrastructure‚ low productivity‚ low savings rate‚ and an overvalued currency. This paper attempts to summarize the link between competition policy‚ technology policy
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Inflation impacts on many facets of the economy‚ these impacts can be both long and short term. It is generally the case that higher levels of inflation carry more severe consequences thus it is often the aim of government to sustain a low level of inflation. Inflation effects economic growth and certainty‚ wages‚ unemployment‚ international competitiveness‚ exchange and interest rates amongst other things. High inflation can be a major constraint on economic growth and certainty which ultimately
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Poverty Poverty has been on the rise in America‚ mainly because of the recession and now it is reaching new heights. Even though the government is trying to make more beneficial tax cuts‚ and find other various solutions‚ poverty levels continue to rise drastically. But to first find the solution ourselves we must first know what causes poverty and what it is. A simple definition of it is‚ poverty is the state of one who lacks a certain amount of material possessions or finances. Absolute poverty
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What are the causes of poverty in St. Lucia? St. Lucia is being considered today as a developing country or a less-developed‚ country is a nation with a low living standard. Poverty in St. Lucia is caused by some primary factors; these factors include over population‚ the inability to meet high standards of living and cost of living‚ inadequate education opportunities‚ and inadequate employment. Due to its small size and relative lack of geological resources‚ its economy lies primarily on the
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09/20/2013 U.S. Unemployment Issues Fluctuation of unemployment rates is a natural occurrence in any economy. Many speculate that if something cannot be done to resolve the current issues plaguing the rate of unemployment in the U.S. the result will soon be an economic crash resembling the Great Depression of the 1930’s. This is something that we as a nation continue to address but cannot seem to get under control‚ causing our economy to sustain substantial damage. This is a highly debated issue
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Question Status: Study Guide )6 Financial markets promote economic efficiency by ()y channeling funds from investors to savers. ()z creating inflation. ()aa causing recessions. ()bb channeling funds from savers to investors. ()cc reducing investment. Answer: Question Status: New )7 Well-functioning financial markets promote ()dd inflation. ()ee deflation.
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Unemployment Issues in the United States Carson Hall Sales Dr. Ajith Silva BEHS210 Section 6380 Semester 1309 Table of Contents Introduction and Statement of Purpose Ronald Reagan once said that “Unemployment Insurance is a pre-paid vacation for freeloaders.” However‚ unemployment is not defined by voluntarily deciding to leave a job. Involuntary termination comes in two forms‚ dismissal and layoff. If the employee is dismissed‚ or “fired”‚ then it was their fault for not complying
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