record your answers on the examination answer sheet provided. Question 1 The definition of the term ’long run’ is based directly on: a) time. b) macroeconomic adjustment. c) the natural level of output. d) the balance of trade. Question 2 The underground economy is : a) a term applied to the mining industry. b) that part of the economy that is not measured in official GDP data owing to illegal activities and tax avoidance. c) the adjustment that should
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Fundamentals of Macroeconomics ECO/372 November 10‚ 2014 Kathleen Byrne Fundamentals of Macroeconomics Macroeconomics is a term that is widely known but can be very intimidating when trying to become versed in this subject. There are several terms and concepts that need to be learned in order to begin to grasp the complexity of this topic. Massive layoffs of employees‚ decreases in taxes and the purchasing of groceries have many effects on the economy. In fact these economic activities contribute
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An Analysis on Factors that Affect Unemployment Rate: The Philippine Case An empirical paper presented to Dr. Cesar Rufino School of Economics De La Salle University In partial fulfillment of the course requirements in ECONMET Submitted by: Ramon Mikael S. Cabazor April 12‚ 2014 Table of Contents Introduction Background of the Study Statement of the Problem and Objective Significance of the Study Scope and Limitation 3 3 4 4 5 Review of Related Literature Unemployment
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the behavior of the economy through a macroeconomic perspective‚ the viewer is looking at the economy as a whole rather than taking apart and observing the individual pieces. Of course there are hundreds of factors that attribute to the economy for example emerging markets that influence the overall health of the economy. Consequently with emerging markets come exchange-traded funds‚ which have been emerging more and more over the past decade. Another factor that ties in is outsourcing‚ which is
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Three factors that affect non verbal communication We are always communicating in some sort of way and that may not necessarily mean we are saying something. Within today’s rapidly growing organisations‚ there are a lot of different types of communications that effect interactions between people in a business no matter how big or small the business may be. ‘An organization is a stable‚ formal social structure that takes resources from the environment and processes them to produce outputs’ (BIS
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These temperature gradients act by amplifying the differential dilation effects by different coefficients of expansion (Jansen et al.‚ 1993). Temperature variations are one of the major factors influencing the intrinsic properties of rocks )Guide3-10‚11). It has been shown that the variation of expansion increases with temperature )3)‚ which is primarily responsible for the changes in the microstructure of rocks‚ inducing new fractures and
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Fundamentals of Macroeconomics Paper ECO/372 Fundamentals of Macroeconomics Paper Some of the terms that are frequently used in economics are; gross domestic product (GDP)‚ real GDP‚ nominal GDP‚ unemployment rate‚ inflation rate‚ and interest rates. Gross domestic product is the money value of the nation’s productivity. GDP is the value of all finished goods and services produced within the country’s border. Real GDP is the market value of the final goods and services produced in a year
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The Music Industry In the Middle East‚ North Korea and other communist countries that are run by dictators; the government monitor everything that their people listen to‚ they are only really allowed to listen to classical music as it doesn’t display any type of message (good or bad) or inspire people to want to speak out about the suffering that they face. Contrary to those places‚ artists in England and other countries across the world have been inspired by politics to make protest songs and art
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With increasing demand from downstream industries and support from Chinese government‚ Polyvinyl Pyrrolidone production and consumption has been growing rapidly in the past few years‚ and China has become one of most important PVP producers in the world with larger export volume. However‚ affected by global financial crisis‚ most PVP’s downstream industries have witnessed a downturn since late 2008‚ which seriously impacted PVP industry both in domestic and overseas market. How did China’s PVP overcome
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The association was formally settled in 2006 a period when Iovine saw two key issues in the music industry.The impact of robbery on music bargains and the substandard sound quality gave by Apple’s plastic earbuds.Iovine later investigated that Dre said to him: "Man‚ it’s one thing that people take my music. It’s another thing to pound the notion what I’ve worn down." Lovine searched for the finishes of craftsmen with "exceptional taste‚ for instance‚ M.I.A.‚ Pharrell Williams‚ william‚ and Gwen
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