1 a. Short-term financial stress vs long-term increased potential productivity b. Risk of textbook needing replacement anyway and increased time spent using it if it is worn/hard to read/must be treated carefully vs price 1a. Essential work equipment (also company vehicle‚ so may/may not have increased mobility leading to reduced transport costs and better access to better/cheaper services); also maintenance b. As above‚ except it might be more peripheral as people won’t decide whether
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business cycles on fiscal and monetary policy. Answer: Business Cycle: Market economies have regular fluctuations in the level of economic activity which we call the business cycle. In other words‚ the business cycle is the periodic but irregular up-and-down movements in economic activity‚ measured by fluctuations in real GDP and other macroeconomic variables. A business cycle is identified as a sequence of four phases: 1. Contraction (A slowdown in the pace of economic activity) 2. Trough (The
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Society’s Goal to Achieve Immortality For millennia people have been trying to find the secret to achieve immortality‚ but even more often wondering about life after death‚ and if it exists at all. As Irving stated‚ "You only grow by coming to the end of something and beginning something else." To their disadvantage‚ no one has yet lived to tell the tale‚ so myths and religions are used to explain the unknown. Ironically people cry when family or friends pass away‚ and live their life in a miserable
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The effect on nominal interest rates of an increase in the rate of monetary growth that is least consistent with the other effects is the: (a) expected inflation [Fisher] effect. (b) nominal income effect. (c) liquidity [Keynes] effect. (d) price level effect. 1. The idea that growth of the money supply at a low fixed percentage rate annually is likely to yield greater macroeconomic stability than when monetary policy is at the discretion of government officials is the foundation for: (a)
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1. Introduction A work-life balance policy is the one of the much talked theory in the recent workplace environment dialogue between employers & employee. So we have to know first what it is - Work life balance is about people having a measure of control over when‚ where and how they work. It is achieved when an individual’s right to a fulfilled life inside and outside paid work is accepted and respected as the norm‚ to the mutual benefit of the individual‚ business and society. But the employers
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Evaluate possible economic policies‚ other than increasing the age limit‚ that a government might use to reduce significantly the consumption of alcoholic drinks. The market mechanism should allocate scarce resources to maximise consumer welfare. Alcohol is an example of a demerit good. A demerit good is one which is overprovided by the market mechanism. Apart from alcohol‚ drugs and prostitution are also examples of demerit goods. Consumption of these goods produces large negative externalities
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Journal of Economics and International Finance Vol. 2(11)‚ pp.251-260 November 2010 Available online at http://www.academicjournals.org/JEIF ISSN 2006-9812 ©2010 Academic Journals Full Length Research Paper Exchange rate volatility‚ stock price fluctuations and the lending behaviour of banks in Nigeria Mbutor O. Mbutor Research Department‚ Central Bank of Nigeria. E-mail: mbukor@yahoo.co.uk. Accepted September 9‚ 2010 Following the recent global economic crisis‚ so many macroeconomic
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FISCAL POLICY AS AN ECONOMIC STABILIZATION MEASURE Fiscal Policy refers to the various decisions undertaken by the government regarding public expenditures and revenue. There are a large number of sub-policies that are encompassed by the fiscal system. But all the policies can be broadly categorized as being either ‘Public Expenditure’ or ‘Public Revenue’. It can be said that the fiscal policy is a direct government intervention in the economic processes of an economy. The fiscal policy
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Is Reducing Absolute Poverty Sufficient to Achieve Economic Development? Absolute poverty is when people are only able to meet the bare essentials of life such as food‚ clothing‚ clean water‚ education‚ shelter etc. Economic development is the improvement of people’s freedom to live long and healthy lives and to focus on other goals they have reason to value. Reducing absolute poverty should‚ in theory‚ help achieve economic development. This is mainly down to the fact that once absolute poverty
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reviewing and advising on government’s policies‚ providing information and protecting investors and so on. Bank Negara Malaysia Bank Negara Malaysia (BNM) was established under the Central Bank Act on 1958.It is a statutory to promote stability and sound financial structure. BNM act as important role to issue currency and keep reserves safeguarding the value of the currency. BNM control the amount of money of supply by using fiscal policy or monetary policy. Furthermore‚ BNM is to safeguarding the
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