MONETARY POLICY Intro- • MP alongside FP is a major policy instrument of the govt’s macroeconomic management to maintain a sustainable rate of eco growth‚ promote eco prosperity and welfare for the Aust economy. • Define MP • MP is implemented by RBA (which is independent of govt. influence) • Outline key objectives of MP Para 1- • MP plays a counter-cyclical role in the Aust economy (changes in stance are used to smooth out fluctuations in output over the business cycle.) o I.e. MP is
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unexpected loss. Some forms of insurance are required by law‚ while others are optional. Agreeing to the terms of an insurance policy creates a contract between the insured and the insurer. In exchange for payments from the insured (called premiums)‚ the insurer agrees to pay the policy holder a sum of money upon the occurrence of a specific event. In most cases‚ the policy holder pays part of the loss (called the deductible)‚ and the insurer pays the rest. Examples include car insurance‚ health insurance
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BMA5001 Managerial Economics Sem I‚ 2012/2013 ANSWER KEYS TO MIDTERM EXAM QUESTION I (4x10 = 40 marks) Choose the most correct answer for each of the following ten multiple choice questions. Note: No explanation is required. Please answer in the order of the questions. 1. Ceteris paribus‚ which of the followings would shift the demand curve for new textbook to the right? a. b. c. d. e. f. An increase in the price of the textbook; An increase in the supply of equivalent used textbooks;
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Aquinos: Cory and Noynoy on Politics Cory and Noynoy were both known in the field of politics; they have their hopes‚ visions and actions toward change to help our country – in the area of economic development in general‚ and as well as its citizens. They also had several major accomplishments that benefited the Filipinos and helped the nation to cope up from despair. They both had their start in the said realm. Cory being the first one to step on the governance than Noynoy‚ started in year
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Micro January 14‚ 2015 1. The purpose of antitrust policy is to promote __competition among firms_____‚ which leads to lower __price for customers______. Explain why this is so? The purpose of antitrust policy is to promote competition‚ which leads to lower prices. If a company had the power of price control that comes with being a monopoly‚ they would profit by picking the quantity/price that equals the highest revenue for their company. This would be likely a lower quantity and higher price
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Biography of Gaspar Aquino de Belén Gaspar Aquino de Belén is a Filipina poet and translator of the 17th century‚ author in particular of Pasyon‚ a famous poetic of passion‚ died narration and resurrection of Christ. Filipino natives‚ generally were not taught Spanish‚ but the bilingual individuals‚ notably poet-translator Gaspar Aquino de Belén‚ produced devotional poetry written in the Roman script in the Tagalog language. Pasyon‚ begun by Aquino de Belén‚ is a narrative of the passion‚ death
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results many small business to demise soon or may not be started due to lack of ability to overcome the challenges. Moreover‚ the findings of this study will be helpful for the academicians‚ businesses‚ practitioners‚ researchers‚ planners‚ and policy makers who are involved in the concerned area. The researchers recommended microfinance institution are required to set more flexible‚ affordable and attractive requirements in financing Small businesses‚ their role need to be felt by the Small
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The economic policy of a government needs to be supportive of a country’s best interests. It may be argued that the main objective of a government is to promote sustained economic growth to improve and increase the nation’s prosperity (Nellis and Parker‚ 1996). This can only be achieved with structural policies used to enhance the long term economic performance and the creation of a stable macroeconomic environment that will encourage stable growth to take place. This requires management of both
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would reduce trade barriers and stimulate economic growth. Such conditions were reduced social expenditures‚ resource extraction‚ opening of domestic markets to foreign investments. In reality SAPs wanted decreased government intervention in the economy and for an embrace of global free market forces. The results of these reforms for many of the countries actually resulted in them falling deeper into debt without experiencing the satisfaction of economic growth. When Yunus came across the many impoverished
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Monopsony Monopsony is a market where there are many sellers but only interference of a single buyer exists. In Micro economics Theory it is assumed that the monopsonists can set terms of their own while they make purchase or get supplied goods‚ being with the benefit of only purchaser of a good or service. Single buyer can be in the product market or even in the factor market. If there is a single buyer of a product then he is called Monopsonist in the product market. In this research paper we
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