1. Two economists‚ Smith and Jones‚ are discussing the currently high unemployment rate. Smith says that something ought to be done quickly because the economy may not be able to restore itself to full employment. Jones says that it is better to take a "hands-off" approach. Which of the following is most likely to be true? a. Smith and Jones are most likely both Keynesian economists with a few minor differences of opinion. b. Smith and Jones are most likely both classical economists with a few
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1. If you were having a conversation with a Keynesian and a Classical economist‚ and the conversation turned to why the economy is experiencing high unemployment and what the government should do about it‚ how would each economist explain unemployment and what policies would each advocate? Keynesian economist believe that long periods of high unemployment are a result of inadequate overall demand and feel government intervention is a key component of a prosperous economy. The school of thought sees
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Name: Mouza Salem AL Khatri ID: H00224958 Section: BB2 Teacher: Karoline Gottschild (1367) words Part 1 Apple Inc is an American multinational corporation that designs and creates iPod and iTunes‚ Mac laptop and desktop computers‚ Its software includes the OS X and iOS operating system and the revolutionary iPhone and iPad. “Established in Cupertino‚ California on April 1‚ 1976 “for the first 30 years the company was called Apple Computer‚Inc but “dropped the word (Computer) on January
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STUDENT ID#: 0574045/1 MODULE TITLE: INTERNATIONAL BUSINESS WORD COUNT: TITLE PAGE ASSESSMENT: Report 3000 words ABSTRACT TABLE OF CONTENTS Chapter Particulars Page # 1.0 Introduction 1 2.0 Defining policy 2 3.0 Defining human resource policy 2 4.0 Defining International Human Resource Policy 2 5.0 Human Resource Polices 6.0 Hewlett Packard HR Policies 7.0 Culture of Southern India 8.0
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Write the quantity equation and explain it. Money x Velocity = Price x Transactions Money x Velocity = Price x Output This theory seeks to explain how money affects the economy‚ and is based on the fact that money is demanded as a medium of exchange. We can say that price level is a function of the quantity of money in circulation. The transaction version of the quantity theory states that the changes in money supply other things remaining the same‚ brings a directly proportionate change in the
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Under the financial crisis in 2008‚ India has brought out the following monetary and fiscal policies to alleviate the crisis’ impact and influence on the Indian economy. (I) Monetary Policy To reduce the impact of the financial crisis on India‚ India’s Central Bank has successively resorted to means such as cutting interest rate reduction‚ increasing credit support‚ loosening foreign credit restrictions and boosting financial support for real estate and export etc. to strengthen financial support
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Socialization What is Socialization? Socialization encumbers teaching and learning of norms‚ values and beliefs of people from any place in society. They could be part of any religion and any type of education. Socialization is about emotions‚ morality‚ gender roles and gender messages from our families encrusted since birth‚ gender messages from the media and our friends. It is how we act‚ without evening realizing it‚ in the society we are raised in. Hence‚ depending on where one is raised makes
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Homework on Macroeconomics Shshank Mehta; Roll no 26 1 List and describe four determinants of productivity Innovation: Regionally available innovation resources positively influence productivity growth. Taxation: The two indicators for taxation‚ the tax burden on investments and the tax burden on highly qualified employees‚ both influence productivity growth negatively. Regulation: Labour market regulation has a strong positive impact on productivity growth. Tighter regulation can indeed increase
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Principles of Macroeconomics Assignment 2 Q1 Answer the questions below using the following information: All figures are in billions of dollars. Currency held outside banks $ 800 Demand Deposits 1000 Traveler’s Checks 100 Other checkable deposits 200 Savings accounts 300 Money market accounts 100 Other near monies 200 a. What is the value of M1? M1 = 800 + 1000 + 100 + 200 = $2100 billion. b. What is the value of M2? M2 = 2100 (M1) + 300 + 100 + 200 = $2700 billion. Q#2 Explain what
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Macro Environment Forces An organization’s macro environment consists of nonspecific aspects in the organization surrounding that have the potential to affect the organization’s strategies. When compared to a firm’s task environment‚ the impact of macro environment variables is less direct and the organization has a more limited impact on these elements of the environment. Macro environmental variable include socio-cultural‚ technological‚ political – legal‚ and economic. A firm considers
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