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 (C) Disposable income: Either consumed (C) or saved (S) Consumption is determined by current real disposable income (Yd) Ceteris paribus Simple Keynesian consumption function: C = a (bar) + bYd Where “a” is autonomous consumption expenditure bYd is induced consumption expenditure Ex. C = 40 + 0
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Secrets of the Future “The best thing about future is it comes one day at a time”‚ this was once said by Abraham Lincoln‚ who was a president of the United States. Some may say that fortune telling is an alluring and tempting force which forms a profound and vivid fascination over the mind of a man. Others believe that it is the linguistics of the language the future teller conveys to the eager mind. The soothing words dissociating the unknown and the attractive source of discussion
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In her ethnographic novel‚ Buried Secrets: Truth and Human Rights in Guatemala‚ Victoria Sanford studied the Guatemalan government genocide of the Maya villages and communities from the late 1970’s to the early 1990’s. She gives accounts of her research through stories‚ forensic data from the exhumation of a clandestine cemetery‚ testimonies of survivors‚ interviews with members of the Guatemalan government and military and conclusions analyzed from data collected. The books main topic is to uncover
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Macro vs. Micro Management Macro vs. Micro Management The role of manager is an important position of supervision in any organization. The supervisor/manager plays a key function‚ in the day to day needs of the organization‚ by finding a balance of work efficiency and managing personnel. This balance becomes even more prevalent when assigning projects or interacting with subordinates. This paper will analyze several aspects or pitfalls‚ managers could find themselves involved in; and
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depicted by various Australian texts‚ with drama being arguably one of the most influential for its wide acceptance in the population as well as the allowance for exploration into diverse aspects of Australia’s multicultural society. The play “The Secret River” adapted by Andrew Bovell is one of the most significant texts representing its
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Environment ENVIRONMENT What is Environment? The purpose of this essay is to familiarize you with the relationship between man and his environment. After reading it you will be able to understand the meaning of Environment and man’s place in the environment. You will also be able to see the complexities of‚ man-environment inter-change and the impact that has been made on the environment since the beginning of the industrial revolution. Environment may be broadly understood to mean our
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change your note taking skills for the future? By using the SQ3R method in my reading will provide me with better comprehension of the article. I will be able to recognize important key points the writer is trying to provide. Such as the article “8 secrets to a knockout business presentation”‚ it provides information about connecting to your audience. I can pick out what I think is the most important to me and make notes about it. Notes would involve important key words‚ phrases‚ and examples for me
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PESTEL analysis of the macro-environment There are many factors in the macro-environment that will effect the decisions of the managers of any organisation. Tax changes‚ new laws‚ trade barriers‚ demographic change and government policy changes are all examples of macro change. To help analyse these factors managers can categorise them using the PESTEL model. This classification distinguishes between: • Political factors. These refer to government policy such as the degree of intervention in
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The secrets of happiness By RICHARD LAYARD 1 There is a paradox at the heart of our civilisation. Individuals want more income. Yet as society has got richer‚ people have not become happier. Over the past 50 years we have got better homes‚ more clothes‚ longer holidays and‚ above all‚ better health. Yet surveys show clearly that happiness has not increased in the US‚ Japan‚ Continental Europe or Britain. 2 By happiness I mean feeling good – enjoying life and feeling it is wonderful. And by
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A. Throughout American history there have been periods of financial boom and bust‚ economic growth and recession. The most recent recession from the third quarter 2007 to the second quarter 2009 seemed like an extraordinary period of recession. The S&P 500 shrank from about 1300 points to 666 points (50%)‚ evaporating capital in a matter of days. However‚ this recessionary period was quickly turned around to economic growth again. The average post-World War II length of economic contraction
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