Question: Discuss the implication of business cycles on fiscal and monetary policy. Answer: Business Cycle: Market economies have regular fluctuations in the level of economic activity which we call the business cycle. In other words‚ the business cycle is the periodic but irregular up-and-down movements in economic activity‚ measured by fluctuations in real GDP and other macroeconomic variables. A business cycle is identified as a sequence of four phases: 1. Contraction (A slowdown in the pace
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A Vision Achieved Jefferson envisioned a government that allowed its citizens to exercise inalienable rights. In exact words‚ he states‚ " We hold these truths to be self-evident‚ that all men are created equal‚ that they are endowed by their Creator with certain inalienable Rights‚ that among these are Life‚ Liberty‚ and the pursuit of Happiness." To be more evident‚ how can we define these "inalienable rights" of "life"‚ "liberty"‚ and the "pursuit of happiness?" Have these inalienable
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IMPACTS OF MONETARY POLICY SHOCKS ON THE DOMESTIC AND FOREIGN BANKS IN MALAYSIA Salina Hj Kassim Turkhan Ali Abdul Manap Department of Economics Kulliyyah of Economics and Management Sciences International Islamic University Malaysia Jalan Gombak 53100 Kuala Lumpur ABSTRACT This study investigates the impact of monetary policy shocks on bank loans extended by local banks and foreign banks in Malaysia over the period from January 1991 to December 2006. It adopts the impulse response
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My Goal Achieved One of the biggest challenges in meeting any goal is finding the motivation to stick with it. To achieve a goal you have to have patience and you also have to be able to make sacrifices. My goal for my junior year in high school was to make straight A’s and to maintain them throughout the entire year. In order for me to accomplish this I had to sacrifice many things‚ but that is was what I was willing to do. The reason why I wanted to get straight A’s wasn’t just to make my parents
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Ranger rick Does the Mind Exist Independently of the Brain? Introduction What is the Minds Duty of a Human What is the Brains Duty of a Human Does the Mind Exist Independently of the Brain? Thesis: According to previous knowledge of the mind and brain‚ and Rene Descartes convincing arguments that the mind can exist independently of the brain‚ due to scientific and religious knowledge. Topic Background Talk about Discartes Scientific Motivation The Religious
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industries that supported the war effort. There was concern that when the war ended there would be another depression because that war-time employment would end. But that didn’t happen. The wartime economy brought about full employment and‚ in doing so‚ achieved what New Deal programs had been unable to do. In 1940‚ there were 8 million Americans unemployed. By 1941‚ however‚ unemployment was almost unheard of. There were actually labor shortages in some industries. As a result‚ more and more women entered
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The United States of America has utilized strategic foreign policy in order to become one of the most influential countries in the world. Previous administrations have directed US foreign policy to focus on counterterrorism‚ nonproliferation‚ and the creation of democratic systems in other countries. In order to achieve those goals‚ the United States participates in intergovernmental organizations like the United Nations (UN) and North Atlantic Treaty Organization (NATO). Counterterrorism has been
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A central bank‚ reserve bank‚ or monetary authority is an institution that manages a state’s currency‚ money supply‚ and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank‚ a central bank possesses a monopoly on increasing the amount of money in the nation‚ and usually also prints the national currency‚ which usually serves as the nation’s legal tender.[1][2] Examples include the European Central Bank
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Immigration: Canada and the United States History of Immigration in Canada History of Immigration in the United States United States has always been viewed as the destination point for a steady flow of immigrants. Immigrants from around the world settled in the United States with the goal of achieving the American dream. Immigration history in the United States has also had 4 waves that almost mirrored the Canadian immigration waves. During the colonial period most migrants came from northern
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Summary on the Impact of fiscal and monetary policy on business organizations and their activities. Fiscal policy Government influence the economy by changing the level and types of taxes‚ the extent and composition of spending‚ and degree and form of borrowing. Lower taxes mean more disposable income for consumers and more cash for businesses to invest in jobs and equipment. Stimulus-spending programs‚ which are short-term in nature and often involve infrastructure projects‚ can also help drive
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