Inflation is classified on the basis of the process through which it is induced. Under this category‚ there are a) deficit induced inflation; b) wage induced inflation; c) profit induced inflation etc. When it comes to deficit induced inflation‚ this is caused by the adoption of unbalanced budgetary policies. The government would resort to deficit financing which means government spending in excess of its revenue receipts. When the economy is not capable of sustaining the extra resource released
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Inflation In simple language‚ inflation is the rate at which prices increase annually. Essentially‚ prices go up due to two factors: A: cost-push factor B: demand-pull factor Cost-push factor inflation occurs when there is increase in cost of production of an item‚ which then gets translated into a higher price for that item in the market. Demand-pull factor inflation occurs when there is more money with the consumers compared to the total number of goods available in the market. With too much
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The Negative Impacts of Credential Inflation Jack W. Davidge Western Governor’s University The Negative Impacts of Credential Inflation A market that is flooded with credential laden workers vying for a small number of jobs could tip the economy into a recession (Collins‚ 2002). This idea put forth by Collins seems prophetic when the current state of the economy is taken into account‚ and brings to light an underlying additional cause of the slow recovery being witnessed
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SHORT ESSAY ON HISTORY OF INDIA India has frequently been subjected to horrors of famine. From 1858 to the end of the 19th century‚ more than twenty famines occurred in India. A major characteristic of British rule in India‚ and the net result of British economic policies‚ was the prevalence of extreme poverty among its people. While historian disagree on the question whether India was getting poorer or not under British rule‚ there is no disagreement on the fact that throughout the period of
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A STUDY ON FOOD INFLATION IN INDIA CAUSES AND REASONS By: Introduction: India is the world ’s second largest producer of food next to China‚ and has the potential of being the biggest food and agricultural sector. The total food production in India is likely to double in the next ten years and there is an opportunity for large investments in food and food processing technologies. India is one of the world’s major food producers but accounts for less than 1.5 per cent of international
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Intro: What causes grade inflation and how does it affect students today? Grade inflation has not always been the norm in higher education. Grade patterns now days are increasing so that the overpowering mainstream of students in a class‚ college‚ or university receive higher grades for the same measure and eminence of work done by students in the past. Thesis: The result of grade inflation can motivate students to put more effort into their studies‚ obtain a higher GPA and become successful in
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Name:___________ Date Due:__August 01‚ 2011_______ Chapter 8: Unemployment and Inflation 1. What does the unemployment rate measure? ___________________________________________________ ____________________________________________________________ ______________________________ 2. What does the labor force participation rate measure? ___________________________________________ ____________________________________________________________ ______________________________ 3. If the
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Since the insolvency of Lehman Brothers the whole world faced “the worst global recession since 1930s’ crisis”(Former Fed Chairman‚ 2009) and a huge “liquidity trap” (Krugman‚ 1998)‚ when nominal rates reach lower zero bound. Even historically low short-run interest rates could not help the economy to recover. Due to this relatively new monetary policy became more popular – quantitative easing‚ also known as QE. “QE refers change the size of central bank’s balance sheet in order to ease liquidity”(Alan
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Depression of the 1930s has involved a continuing effort by the government to find a mix of fiscal and monetary policies that will allow sustained growth and stable prices. That is no easy task‚ and there have been notable failures along the way. Inflation‚ however‚ has proven more intractable. Prices were remarkably stable prior to World War II; the consumer price level in 1940‚ for instance‚ was no higher than the
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sponsor for seniors. As senior year comes we have to think about college applications and a big part of some applications is the essay part. We have to write essays to qualify for college in general‚ honors programs‚ and some scholarships. The application prompts make us actually think about why we want to attend that school and why we believe we should get in. Not ever essay is personal. Some are just to see your writing style. It may seem to be a bad thing‚ but it also shows you how your literacy has
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