Summary of Macroeconomics Lectures for MBA 1st Year‚ VGSoM‚ IIT Kharagpur Course coordinator – Dr. Barnali Nag Lecture #4 (Unemployment) 1. The natural rate of unemployment definition: the long-run average or “steady state” rate of unemployment depends on the rates of job separation and job finding 2. Frictional unemployment due to the time it takes to match workers with jobs may be increased by unemployment insurance 3. Structural unemployment results from wage rigidity: the real wage
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how the economy will likely perform in the future. Investors and other private or government organizations use this information as a tool to make business decisions. By gathering historical data about the economy and comparing it to current trends‚ you can compile a snapshot of economic fluctuations. The direction of an indicator may vary according to changes in the economy. The indicator can be leading‚ lagging‚ or coincident. Leading indicators are changes before the economy has recognized the
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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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"Where Are You Going‚ Where Have You Been?" By Joyce Carol Oates A short story titled "Where Are You Going‚ Where Have You Been?" tells a tale of an adolescent girl who suffers consequences of growing up in the unsupportive environment and the society preoccupied by the media. It is considered to be the most famous work of Joyce Carol Oates‚ an American writer‚ the winner of many significant literary awards and a two- time candidate for the Nobel Prize in Literature. The story was first
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Fundamentals of Macroeconomics Week two objectives analyze the impact of various factors on aggregate demand and supply; in addition to evaluating the effectiveness of changes in fiscal policies using Keynesian and Classical models. This paper will explain the following terms: gross domestic product (GPD)‚ real GDP‚ nominal GDP‚ unemployment rate‚ inflation rate‚ and interest rate. As well as describing the effects of purchasing of groceries‚ massive layoff of employees‚ and decrease in taxes have on the
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“DETERMINANTS OF CAPITAL STRUCTURE IN PAKISTAN” Capital structure refers to the combination of asset financing from different available sources. Normally the companies have two choices‚ either to finance the assets from internal source that is termed as retained earnings or from external source that splits into debt and equity. A firm’s capital structure is than the composition of its liabilities. In reality‚ capital structure of firms may be highly complex and consist of number of sources. These
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INVESTIGATING THE DETERMINANTS OF GHANA’S AGRICULTURAL EXPORTSPERFORMANCE: FOCUS ON BANANA‚ COFFEE ANDRUBBER *Boansi David Department of Economic and Technological Change‚ Center for Development Research (ZEF)‚ Bonn‚ Germany ARTICLE INFO ABSTRACT Article History: Following recent decline for performance of Ghana in rubber exports‚ failure of the banana subsector to achieve competitiveness in exports in spite of the prospects reflected so far‚ and a generally weak performance reflected by
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Introduction This paper is to assess a country ’s current macroeconomic position and discuss what policy options have been adopted by the monetary and fiscal authorities in the past years in order to correct any inflation‚ unemployment or growth problems that exist. In this paper‚ Singapore ’s economy will be discussed. Like most other countries‚ Singapore wants growing living standards‚ high employment and low unemployment‚ as well as avoidance of recessions and inflation. These things are known
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In Joyce Carol Oates’ “‘Where Are You Going‚ Where Have You Been?’ and Smooth Talk: Short Story into Film‚” Oates writes that Connie “An innocent young girl is seduced by way of her own vanity” and that “she confuses death for erotic romance” (419). Oates clearly defines her point when Connie first discovers Arnold Friend at the drive in diner. She catches Friend staring at her with a big smile and Connie “slit her eyes at him and turned away‚ but she couldn’t help looking back” (409). The fact
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1a. Technology and innovation are two of the most important parts of economic growth in a country. For a country’s economy to grow you have to either increase the number of inputs in production‚ or you have to find a way to increase your output with the same number of inputs. This is essentially what technology has done for most economies. In the Solow model they take the standard Cobb Douglas function Y = F(K‚ L) to show how growth in capital stock and labor force affect the economy and how they
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