File
... The intermediate variables include variables like money supply, interest rate, wage rate, savings, investments, bank credit, foreign exchange rate, imports, exports, foreign investments and others. They are so called because they fall between the instruments and target variables and the former influ ...
... The intermediate variables include variables like money supply, interest rate, wage rate, savings, investments, bank credit, foreign exchange rate, imports, exports, foreign investments and others. They are so called because they fall between the instruments and target variables and the former influ ...
Baylor University
... 10. In the "short-run," actual output (Y) can differ from the level of Y at which the LRAS curve is vertical. Economists call the level of output at which the LRAS curve is vertical by various names, all of which mean the same thing: (i) the full-employment level of output, (ii) capacity output, (ii ...
... 10. In the "short-run," actual output (Y) can differ from the level of Y at which the LRAS curve is vertical. Economists call the level of output at which the LRAS curve is vertical by various names, all of which mean the same thing: (i) the full-employment level of output, (ii) capacity output, (ii ...
No Slide Title
... 5) The savings function relates personal saving in any period to disposable personal income in that period. 6) The ratio of the change in personal savings to the change in disposable personal income is the marginal propensity to save. a) Example: MPS = $100/$500 =.2 b) The marginal propensity to sav ...
... 5) The savings function relates personal saving in any period to disposable personal income in that period. 6) The ratio of the change in personal savings to the change in disposable personal income is the marginal propensity to save. a) Example: MPS = $100/$500 =.2 b) The marginal propensity to sav ...
NOTAS38ING_en.pdf
... fiscal solvency, we cannot forget that the region’s public debt levels are high. Secondly, faced with the very positive data that we are seeing, we must wonder whether we are in the presence of a qualitative leap in the region’s growth trajectory. Is Latin America on the threshold of a process such ...
... fiscal solvency, we cannot forget that the region’s public debt levels are high. Secondly, faced with the very positive data that we are seeing, we must wonder whether we are in the presence of a qualitative leap in the region’s growth trajectory. Is Latin America on the threshold of a process such ...
Economic Standards - Krannert School of Management
... Example: Examine such elements as the central bank controversy, the state banking era, and the development of a ...
... Example: Examine such elements as the central bank controversy, the state banking era, and the development of a ...
Growing in a Riskier World Hawaii`s expansion remains on track, but
... capital investment. But US consumer spending remains ...
... capital investment. But US consumer spending remains ...
BOTSWANA SOCIETY PUBLIC FORUM SERIES Whither the
... economic activities that will take the place of diamonds when the latter run out or run down? Without such new activities, to be sure, living standards in Botswana will drop sharply. It is not my intention tonight to go into detail about the type of economic activities that may thrive in Botswana in ...
... economic activities that will take the place of diamonds when the latter run out or run down? Without such new activities, to be sure, living standards in Botswana will drop sharply. It is not my intention tonight to go into detail about the type of economic activities that may thrive in Botswana in ...
the spatial dimension of market price
... adjustments are made instantaneously, without time lags and frictions. But this is not true in real economic life. Consumers may take time to learn about and to adjust to changing quantity and price situations. Lags are even more important on the supply side. Here, we may identify three interrelated ...
... adjustments are made instantaneously, without time lags and frictions. But this is not true in real economic life. Consumers may take time to learn about and to adjust to changing quantity and price situations. Lags are even more important on the supply side. Here, we may identify three interrelated ...
The Production Possibilities Frontier
... Note the difference that an initial trading off of consumption for investment makes in the subsequent pattern of consumption and investment. Without an initial increase in investment, consumption and investment increase modestly from period to period. With an initial increase in investment at the ex ...
... Note the difference that an initial trading off of consumption for investment makes in the subsequent pattern of consumption and investment. Without an initial increase in investment, consumption and investment increase modestly from period to period. With an initial increase in investment at the ex ...
2010 - Board of Studies
... What will be the impact if the government set a minimum wage of W1? (A) The demand for labour will increase. (B) The labour force participation rate will fall. (C) There will be an increase in unemployment. (D) Firms will demand less labour at every wage rate. ...
... What will be the impact if the government set a minimum wage of W1? (A) The demand for labour will increase. (B) The labour force participation rate will fall. (C) There will be an increase in unemployment. (D) Firms will demand less labour at every wage rate. ...
Kazakhstan
... For example, the Kazakh current account surplus declined to -2.3% of GDP last year and this year will probably plummet to -4.0% with some commentators suggesting a figure of -9%. Whatever the final figure, this will be another strain on the currency outlook ...
... For example, the Kazakh current account surplus declined to -2.3% of GDP last year and this year will probably plummet to -4.0% with some commentators suggesting a figure of -9%. Whatever the final figure, this will be another strain on the currency outlook ...
lecture notes
... 4. How the AD-AS model explains periods of demand-pull inflation, cost-push inflation, and recession. B. AD-AS model provides insights on inflation, unemployment and economic growth. ...
... 4. How the AD-AS model explains periods of demand-pull inflation, cost-push inflation, and recession. B. AD-AS model provides insights on inflation, unemployment and economic growth. ...
Read More... - Open University of Mauritius
... d. Price, income and cross elasticity of demand – meaning and calculations, factors influencing elasticity, implications for revenue and business relations, limitations of the use of elasticity concepts e. Individual supply curves and market supply f. Factors determining supply g. Price elasticity o ...
... d. Price, income and cross elasticity of demand – meaning and calculations, factors influencing elasticity, implications for revenue and business relations, limitations of the use of elasticity concepts e. Individual supply curves and market supply f. Factors determining supply g. Price elasticity o ...
Bibliography - Innovation, Science and Economic Development
... International Comparisons of Economic Growth. Edited by Dale W . Jorgenson, MIT Press, 1995. Jorgenson, Dale W., Masahiro Kuroda, and Mieko Nishimizu. “Japan-U.S. Industrylevel Productivity Comparisons, 1960–1979.” Journal of the Japanese and International Economies, 1 ,1 (1987): 1–30. Jorgenson, Da ...
... International Comparisons of Economic Growth. Edited by Dale W . Jorgenson, MIT Press, 1995. Jorgenson, Dale W., Masahiro Kuroda, and Mieko Nishimizu. “Japan-U.S. Industrylevel Productivity Comparisons, 1960–1979.” Journal of the Japanese and International Economies, 1 ,1 (1987): 1–30. Jorgenson, Da ...
Equilibrium output
... • The LRAS curve will therefore not shift and the increased investment will only be inflationary. • Equally investment may be poorly directed. • The increase in AD might be greater than the increase in LRAS, hence there will be an increase in equilibrium output but there will also be an increase in ...
... • The LRAS curve will therefore not shift and the increased investment will only be inflationary. • Equally investment may be poorly directed. • The increase in AD might be greater than the increase in LRAS, hence there will be an increase in equilibrium output but there will also be an increase in ...
Tourism shocks, vulnerabilities and resilience in a small island
... Resilience of the Corsican economy to external shocks seems to be in fact the result of a publically supported resistance mechanism ...
... Resilience of the Corsican economy to external shocks seems to be in fact the result of a publically supported resistance mechanism ...
IBEcon3
... GDP is leisure time. If the members of an economy work long hours, the input of labor is greater than if they worked shorter hours, and therefore the GDP is greater. However, although the GDP would be greater, society would not necessarily be better off. They could have more goods and services, but ...
... GDP is leisure time. If the members of an economy work long hours, the input of labor is greater than if they worked shorter hours, and therefore the GDP is greater. However, although the GDP would be greater, society would not necessarily be better off. They could have more goods and services, but ...
Supply-side economics: its role in curing inflation
... A bit of thought and introspection should raise some doubts in our minds. ...
... A bit of thought and introspection should raise some doubts in our minds. ...
Chapter 14 power point
... Point: When GDP is growing slower than the trend, the employment to population ratio is also growing slower than the trend. The reverse is also ...
... Point: When GDP is growing slower than the trend, the employment to population ratio is also growing slower than the trend. The reverse is also ...
Ragnar Nurkse's balanced growth theory
The balanced growth theory is an economic theory pioneered by the economist Ragnar Nurkse (1907–1959). The theory hypothesises that the government of any underdeveloped country needs to make large investments in a number of industries simultaneously. This will enlarge the market size, increase productivity, and provide an incentive for the private sector to invest.Nurkse was in favour of attaining balanced growth in both the industrial and agricultural sectors of the economy. He recognised that the expansion and inter-sectoral balance between agriculture and manufacturing is necessary so that each of these sectors provides a market for the products of the other and in turn, supplies the necessary raw materials for the development and growth of the other.Nurkse and Paul Rosenstein-Rodan were the pioneers of balanced growth theory and much of how it is understood today dates back to their work.Nurkse's theory discusses how the poor size of the market in underdeveloped countries perpetuates its underdeveloped state. Nurkse has also clarified the various determinants of the market size and puts primary focus on productivity. According to him, if the productivity levels rise in a less developed country, its market size will expand and thus it can eventually become a developed economy. Apart from this, Nurkse has been nicknamed an export pessimist, as he feels that the finances to make investments in underdeveloped countries must arise from their own domestic territory. No importance should be given to promoting exports.