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
Premium Macroeconomics Consumption function Economics
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
Premium Inflation Supply and demand Unemployment
STUDY GUIDE DUE ON FEBRUARY 28TH PLEASE SUBMIT IN THE DROP BOX IN MICROSOFT WORD. CHAPTER-1 The Microbial World and You List several ways in which microbes affect our lives. Help maintain the balance of living organisms and chemicals in our environment. Marine and fresh water microorganisms form the bases of the food chain in oceans‚ lakes‚ and ricers. Soil microbes help break down wastes and incorporate nitrogen gas from the air into organic compounds‚ thereby recycling chemical elements
Premium Bacteria
Chapter 11 Classical and Keynesian Macro Analyses Introduction Among the many factors influencing the rate of GDP growth is the volume of business regulation. Concerns about terrorism have multiplied the amount of documentation that must accompany cargo arriving in U.S. ports. How does this affect real GDP? Slide 11-2 Learning Objectives Discuss the central assumptions of the classical model Describe the short-run determination of equilibrium GDP and the price level in the classical
Premium Supply and demand Aggregate demand Inflation
Isolation and Identification of Staphylococcus aureus and epidermidis Wendy Heck Bio 175: General Microbiology Fall 2012-11-21 Staphylococcus aureus is the most pathogenic for humans and Staphylococcus epidermidis is part of the normal flora and is of low pathogenicity. Staphylococcus epidermidis and Staphylococcus aureus are two medically important species of bacteria. A culture from the nose and throat was taken to perform whether or not Staphylococcus epidermidis or Staphylococcus aureus
Premium Staphylococcus Bacteria Staphylococcus aureus
short run instead of the long run. Therefore to avoid this Keynesian economists support monetary and fiscal policy to stabilize the business cycle. Classical economists feel that unemployment is affected by the disruptions in the supply and demand or market and feel that government intervention is not beneficial. According to this school of thought the economy is self regulating meaning that when the economy’s full resources are being used it can reach the natural level of real GDP. They believe that
Premium Keynesian economics Monetary policy Macroeconomics
‘Micro Finance and Women Empowerment ’ By Ms. Varsha Parikh Lecturer Department of Extension and Communication Faculty of Family and Community Sciences The M.S.University of Baroda Vadodara 390002‚Gujarat‚ India E-mail : vbparikh@rediff.com Micro Finance and Women Empowerment By Ms. Varsha Parikh ABSTRACT Self-help groups intermediated by microcredit have been shown to have positive effects on women. Micro finance refers to small savings
Premium Microfinance Poverty
Jamai Wilson The Pentium microprocessor flaw was discovered in June‚ 1994. The Pentium microprocessor is the CPU for what was once possibly the widest-selling personal computer. Unlike previous CPUs that Intel put on the market‚ the 486DX and Pentium chips included a floating-point unit (FPU)‚ which is also known as a math coprocessor. Previous Intel CPUs performed arithmetic using integers; programs that used floating-point numbers (non-integers like 2.5 or 3.14) needed to tell the chip how
Premium Personal computer Microprocessor Computer
When something is added to the environment which is very harmful‚ poisonous or fatal to the animal‚ people surrounding it and other living things is called as pollution. In simple term pollution is a contamination by a chemical or other pollutant that renders part of the environment unfit for intended or desired use. It is triggered by industrial and commercial waste‚ agriculture practices‚ day to day human activities and most notably‚ modes of transportation and many the other sources. Pollution
Premium Pollution Hazardous waste Waste
significance: - Mangrove forests are among the most productive terrestrial eco systems and are natural and are a renewable resource. Mangroves are not a marvel just for their adaptations but also for the significant role they play in our environment. * Mangrove ecosystem act as Buffer Zone between the land and sea. * Mangroves protect the coast against erosion due to wind‚ waves‚ water currents and protect coral reefs‚ sea-grass bed and shipping lanes against siltation. They are also
Premium Carbon dioxide Greenhouse gas Oxygen