periods of falling real incomes and rising unemployment Depressions: severe recessions (very rare) Short-run economic fluctuations are often called business cycles FACTS: 1. Economic fluctuations are irregular and unpredictable. 2. Most macroeconomic quantities fluctuate together. 3. As output falls‚ unemployment rises. The AD curve shows the quantity of all g&s demanded in the economy at any given price level. Y = C + I + G + NX When an increase happened to C‚I‚G‚(NX or EX) - the
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1. My Favourite monument- TAJ MAHAL Everyone has their own favorite time to see the Taj Mahal. Crowds will distract you from the cool‚ serene presence of this flawless monument. The best way is to try arriving just as it opens or as it is about to close. A few minutes alone in the perpetually echoing inner sanctum will reward you far more than several hours spent on a guided tour. The sensuously curving lines of the temple of love demand to be savored without interruption‚ then the presence
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While I was growing up in Colombia my idea of fun was going outside to the park either with my cousins or friends to play until it got dark and my mom would call me to go back inside the house. Growing up in Colombia is something very different than a kid growing up here in the United States. My afternoons during the week would always have around the same schedule as I would be back home by one in the afternoon‚ at two thirty I would had already eaten lunch‚ and by six all my homework would be
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SOMEDAY She sat at the wooden desk‚ her head bent and eyes narrowed in concentration. She held a pencil in her hand as she stared at the blank piece of paper in front of her‚ as if challenging her to write on it. Ignoring all the shuffling‚ shouting‚ talking‚ and all the other kinds of distractions which came in the form of noises‚ she clutched her pencil hard‚ thinking. A strand of her black hair fell in front of her eyes and she put it behind her ear‚ treating it like it was some obstacle
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The advantages of adopting vegetarian There are significant moral‚ ethical‚ environmental‚ health and humanitarian benefits of adopting a vegetarian lifestyle. Let us consider a few points to examine this closely. Better for Your Health Virtually all the major scientific and medical institutions in the world agree that the risk of heart disease‚ cancer‚ diabetes‚ and a host of other diseases is increased by consuming a meat-based diet‚ consisting of highly processed foods laden with fats and
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ECS2730 ASSIGNMENT Question one a) Different sources had varying figures in terms of acquiring the macroeconomic variables. b) The following graph show the GDP growth rate‚ GDP per capita growth rate and the inflation rate of Nigeria. From the graph it is not easy to see the changes (in terms of figures) in the variables therefore‚ the table below shows how the above variables have changed over time. Year Real GDP growth rate (annual %) GDP per capita growth (annual %) Inflation
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Macroeconomics- Final Project Source: The World Bank & OECD- All figures are annually based. The country of Brazil is the both the largest‚ in terms of territory‚ and most populated country in South America. The country’s largest exports consist of coffee‚ iron ores and concentrates‚ petroleum oil‚ raw sugar‚ and soya beans. Brazil’s largest trade partners (in both import and export) include: China‚ The United States‚ and Argentina. (The Atlas of Economic Complexity‚ 2011) Source: The
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MACRO ASSIGNMENT – 24/6/13 Section 3 – Group No. 5 The relation between Macroeconomics and the Great Depression The Great Depression The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations‚ but in most countries it started in 1930 and lasted until the late 1930s or middle 1940s.It was the longest‚ most widespread‚ and deepest depression of the 20th century. The popular belief is that the Great
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Benson James ECO 372 Fundamentals of Macroeconomics 08 October 2013 The gross domestic product (GDP) is defined as the market value of all goods in any country at any specific time. The gross domestic product is frequently used to establish a country’s wealth or standard of living. Even though the GDP is supposed to determine a country’s economic health‚ many nonbelievers think the gross domestic product does not account for the underground economy. An underground
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phrase ‘double-dip recession’ which now commonly used in the West. Macroeconomics is concerned with the study of aggregate economy‚ which embodies all nationally relevant economic indicators. The common indicators are the unemployment rate‚ the rate of inflation‚ the GDP per capita‚ economic growth‚ the economic cycle‚ and the labor force. Since 2003‚ Brazil’s economy has been growing steadily. It has been improving its macroeconomic stability despite a small crisis in 2008 which saw its growth rate
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