Student number: 0903642 Program: Financial and Economic Sector Policies Course title: International Macroeconomics and Policy Assignment title: Analyzing relationship between inflation rate and per capita GDP growth INTRODUCTION There have been different theories for explaining crucial relationship between inflation and per capita GDP growth. In this paper we will consider the neoclassical model and wage equation. This approach is very useful in terms of flexibility to understand underlying
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During the 1970’s-1990’s the increase in the rate of unemployment in Australia can be explained through the combination of increasing real wage rates and a slow rate of output growth. The reason behind such prolonged periods of high unemployment was due to our inability to reverse the effects of the sudden unemployment rate shocks fast enough (prolonged recovery periods) which resulted in Australia experiencing high levels of long-term unemployment. In May 1997‚ 30% of unemployed Australians had been
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Fiscal Policy‚ Debt and Budget deficits in Thailand The size of Thailand government debt To judge the size of Thailand government debt is to compare it to the debt of other countries and to the debt that Thailand has had during the own past. Table 1 shows the amount of government debt for 34 countries express as a percentage of each country’s GDP in year 2009 and year 2010.On the top of the list are the heavily indebted countries of Japan and Italy‚ which have accumulated a debt that exceed
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An Argument Against Monarchy Monarchy as a governmental system clearly has numerous downfalls for the majority of people. The working class (bourgeoisie) rarely wins. It puts people into a hierarchical system based not on the merit of their character and work ethic but instead from the family they were born into. Those born into the few available positions of power in a monarchy benefit the most. This system can function and create civilizations that exude power and wealth but at a price
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In the 1980’s‚ Cuba emerged as one of the leading forces in the fight against HIV in the Caribbean. The new virus stumped doctors as it ravaged and attempted to engulf the small island in disease and squalor. Fortunately‚ the Cuban government took fast action and put preventative measures into place to both detect and prevent the spread of the HIV virus. Cuba’s aggressive measures included testing citizens for the virus and quarantining those infected who were infected in sanatoriums. The United
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Third‚ adults should not be able to decide what other parents’ children are allowed to read and or be exposed to. Concerned parents and government officials usually challenge certain books because they feel the author is encouraging or promoting bad behaviors. Although in reality the author addressed
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The ratification of the Constitution can be said to be birthed out of necessity‚ therefore‚ not out of an earnest desire to create a federal system of government. The political discussion of that time is ironically‚ similar to the discussions of modern American society. How much is too much power? Is the government overreaching? Is the government doing enough to protect the vulnerable? James Madison‚ through his words‚ was able to articulate the dangers of not adopting the ratification of the Constitution
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Tables of Contents 1.0 Introduction 2 1.1 Inflation 2 1.1.1 What Inflation is? 2 1.2 two types of inflation: 2 1.2.1Creeping inflation 2 1.2.2.hyperinflation 2 1.3 Causes of inflation 2 1.4 Measure of inflation. 3 2.0 India ’s economy ‚ history of inflation and inflation rate. 3 2.1 Causes of inflation in India 4 2.1.1 Shortage of food 4 2.1.2 Population rise. 4 2.1.3Weak Indian rupee. 4 2.2 Impact of inflation in India 5 2.2.1 Low standard of living 5 2.2.2 high
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Economics for Managers Block I MICROECONOMICS – I UNIT 1 Introduction to Microeconomics UNIT 2 Theory of Demand and Supply UNIT 3 Consumer Behavior UNIT 4 Production Function 46-62 30-45 12-29 1-11 UNIT 5 Analysis of Costs 63-80 Expert Committee Dr. J. Mahender Reddy Vice Chancellor IFHE (Deemed to be University) Hyderabad Prof. Y. K. Bhushan Vice Chancellor IU‚ Meghalaya Prof. Loveraj Takru Director‚ IBS Dehradun IU‚ Dehradun Prof. S S George Director‚ ICMR IFHE (Deemed to be
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INFLATION: Inflation is a sustained increase in the general price level leading to a fall in the purchasing power of money. Inflationary pressures can come from domestic and external sources and from both the supply and demand side of the economy. FACTORS OF INFLATION: Inflation is defined as the rate (%) at which the general price level of goods and services is rising‚ causing purchasing power to fall. This is different from a rise and fall in the price of a particular good or service.
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