Complete first part of slideshow Aggregate Expenditure (AE); AE = C + I + G + X – IM I‚ G and X: autonomous expenditures Do not change with change in national income (Y) C and IM: induced expenditures Change with changes in national income (Y) Simple case: Only at C and I No government No foreign sector AE = C + I [C] Keynesian consumption function: Relationship between C and variables that influence it In simple case: C is influenced by disposable income Desired Consumption Expenditure
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Week 3 Homework 1. Some Classical and Monetarist economists claim that inflation is always a "monetary phenomenon." What do they mean by this claim and are they correct? They use the equation MV=PQ to show that any change in the amount of money in a system will change the price level. I believe that history shows they are correct‚ if the Fed reserve started printing a bunch of money without taking any out of circulation‚ then prices would go up for everything. 2. How can a higher price of oil create
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1. What are your chosen company’s marketing principles? Is this company trying to provide superior quality/value products‚ to have excellent services‚ to be innovative‚ to have a valuable brand name‚ or to understand competitors / consumers through market research capabilities... etc? How and where do you find this information*? You can find this from company’s mission statement‚ advertising slogans‚ and other places (e.g.‚ company’s website‚ information for investors‚ leaflets). *This is where
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population situation that required a pro-natalist population policy to be implemented. How the population policy works. How are the French population encouraged to increase the fertility rate? How successful has the population policy(ies) been? 1) France has an ageing population‚ in which there is a large number of pensioners being supported by a declining number of workers. In 2013‚ 67% of the population is of working age‚ however in 2050 only 57% of the population will be of working age‚ showing
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Macro Environment: “The major external and uncontrollable factors that influence organisations decision making and affects its performance and Strategies” is called Macro Environment. Macro Environment can be studied through different analysis‚ there are several but mainly used are PESTLE analysis and SWOT analysis. Sainsbury’s Overview: Sainsbury’s was established by John James and Mary Ann in the year 1869 as a small dairy shop. In very short time the store became popular for selling good and
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answer questions from the following reading: http://www.eyewitnesstohistory.com/louis.htm The Execution of Louis XVI‚ 1793 1. In what year did Louis XVI become king of France? 2. What was the unemployment rate in Paris estimated at in 1788? 3. List at least two major problems that King Louis XVI had to deal with in France In the 1780s? 4. What organization curtailed King Louis XVI power in 1788? 5. What was King Louis the XVI put on trial for in 1792? 6. How many guards escorted
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new surroundings. The founding of New France‚ the missionaries‚ and the original traditions and customs of the Natives were important influences on the success of converting the area to Catholicism. Religion was a very important aspect of French culture in these early stages of colonization. Throughout these stages‚ French Jesuits and Ursalines commissioned by King Louis XIII played a major role in developing religion in New France. The founding of New France had a major religious impact on the Aboriginals
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Risk assessment and risk management Introduction There are many hazards associated in an industrial workplace. With new technologies‚ new machinery and constant updates with regulations it is more important now than ever before to produce efficient risk assessments. Good risk assessments reduce hazards and fatalities in dangerous areas in the workplace. A good risk assessment will make workers feel safer and therefore happier and promotes a good business structure within the company. A good risk
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1.1.3 Importance of the topic from macro and micro perspective Regulatory requirements will affect profits via their impact on capital‚ funding and hedging costs‚ as well as the direct costs of compliance. It follows that market-makers will set their bid and ask prices based on their expectations of the cost and risk of holding assets in inventory. Spreads will tend to be narrow if market-makers believe they can execute trades quickly and cheaply‚ or if funding and hedging costs are low. Thus‚ a
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Olympic games in 1912. • France and which country contested first ever world cup match Mexico • The number of countries which participated in the first Olympic Games held at Athens was Nine • Who owns The Oval cricket ground- Prince Charles • Who among the following batsmen achieved the feat of hitting six 6s in one over for the first time in international cricket during the World Cup 2007 Herschelle Gibbs • Where were the first winter Olympics held in 1924 -Charmonix France • FINA is the governing
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