Lecture 1 • Money is anything that is generally accepted in payment for goods and services or the repayment of debts • Wealth is the set of properties that serve to store value • Income is the flow of wealth accumulation per unit of time • The oldest form of exchange is barter‚ which requires a double coincidence of wants • The oldest form of money is commodity money: money is made out of a valuable commodity‚ like gold for example • We now use fiat money:
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Μηχανικών Εργασία στο μάθημα Τεχνολογία Υλικών II ΘΕΜΑ: Effects of testing variables on stress corrosion cracking susceptibility of Al 2024-T351 2η Ομάδα 1. Χαλεβελάκης Ιωάννης ΑΕΜ:1363 2. Πανώρης Κωνσταντίνος ΑΕΜ: 1316 3. Τσιπούρης Γεώργιος ΑΕΜ: 1097 4. Σιώμος Γεώργιος ΑΕΜ: 1077 5. Καθρέφτης Μιχαήλ ΑΕΜ: 1029 Κοζάνη Ιανουάριος 2012 Abstract In the present study‚ the effects of testing variables on stress corrosion cracking (SCC) susceptibility of Al 2024-T351 in 3.5% NaCl
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Fundamentals of Macroeconomics In order to accurately understand countries true economic outlook a person must consider many values. There is not just one value‚ although some may be better indicators than others. From purchasing of groceries‚ massive layoff of employees‚ to a decrease in taxes‚ each affects not only governments and businesses‚ but the general household as well. It is important for everyone to have a general understanding of how money flows within his or her economy from
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Real GDP Real variable‚ such as the real interest rate‚ is one where the effects of inflation have been factored in. Real Gross Domestic Product measures the worth of all the goods and services produced stated in the prices of some base year. • Nominal GDP A nominal variable is one where the effects of inflation have not been accounted for. The Nominal Gross Domestic Product measures the worth of all the goods and services produced stated in current prices. Macroeconomics is perceived as
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Macroeconomics Assignment: Unemployment Unemployment Data for August of 2013 Employment (rose/fell/remained unchanged)‚ and the unemployment rate edged (up/down/stayed unchanged) to (?) percent in the last month. Total nonfarm payroll employment increased by 169‚000 in August‚ and the unemployment rate was little changed at 7.3 percent‚ the U.S. Bureau of Labor Statistics reported today. Employment rose in retail trade and health care but declined in information. The jobless rate had
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A First Look at Macroeconomics Economic Growth • Definition: the expansion of the economy’s PPF (outward shift) • Measured by the increase in real domestic product (also called real GDP) Costs Benefits Forgone current consumption Technological progress Slow growth rates = real costs (e.g. compromised health care‚ worse roads‚ less housing etc.) Greener environment (questionable) Fluctuations of Real GDP around Potential GDP: the Business Cycle The Okun Gap Definitions: • Actual GDP:
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RMIT UNIVERSITY FACULTY OF BUSINESS SCHOOL OF ECONOMICS AND FINANCE SIM SEMESTER 1: 2012 ECON-1045 Macroeconomics 2 TEST 2 (MOCK) Instructions: 1. Fill in your name and other details on page 2 before beginning the test. DO NOT DETACH PAGE 2 FROM THE QUESTION SHEETS. 2. You must answer all twenty eight questions in the time allowed for the test (Note: In the actual test‚ there are only 20 questions!) 3. For each question‚ choose the
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PRINCIPLE OF MACROECONOMICS 1.0 Content No. Topic Page 1.0 Content 2 2.0 Introduction 3 3.0 Discuss the cost of inflation and the dangers of deflation. 4 4.0 Discuss the nature and the roles of money. 8 5.0 Explain how banks can add to the money supply by making loans of money they are not required to hold in reserve. 10 6.0 How hyperinflations are caused by governments resorting to seignorage. 13 7.0 Conclusion 16 8.0 Reference 17 9.0 Coursework
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Foreign Trade and Capital Investments. Swiss Economy: Declining Foreign Trade and Capital Investments - credit-suisse.com (09.01.2009)The Swiss economy still appeared to be robust until the end of October 2008. But in November‚ order book levels in industry literally collapsed overnight. Since then‚ the Swiss economy has no longer been able to escape the significant downward trend throughout the world.
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Macroeconomics‚ 7e (Abel/Bernanke/Croushore) Chapter 1 Introduction to Macroeconomics 1.1 What Macroeconomics Is About 1) The two major reasons for the tremendous growth in output in the U.S. economy over the last 125 years are A) population growth and low inflation. B) population growth and increased productivity. C) low unemployment and low inflation. D) low inflation and low trade deficits. Answer: B Diff: 1 Topic: Section: 1.1 Question Status: Previous Edition 2) The
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