![From budget-cutting to `bubblenomics`](http://s1.studyres.com/store/data/003924823_1-fffaf98770262694fe1b61d2117c632e-300x300.png)
From budget-cutting to `bubblenomics`
... Economy.com, was responsible for raising the growth of GDP by almost 50% above what it would otherwise have been - 2.3% rather than 1.6%. Thus, along with GW Bush's Reaganesque budget deficits, record household deficits succeeded in obscuring just how weak the underlying economic recovery actually w ...
... Economy.com, was responsible for raising the growth of GDP by almost 50% above what it would otherwise have been - 2.3% rather than 1.6%. Thus, along with GW Bush's Reaganesque budget deficits, record household deficits succeeded in obscuring just how weak the underlying economic recovery actually w ...
UK Households - Economics Today
... • The UK’s saving ratio rose sharply in 2008-2009, because during a recession the proportion of household income saved normally rises as more is saved for precautionary reasons. • But the savings ratio dramatically fell back again, decreasing to just 3.2 by the end of 2010. ...
... • The UK’s saving ratio rose sharply in 2008-2009, because during a recession the proportion of household income saved normally rises as more is saved for precautionary reasons. • But the savings ratio dramatically fell back again, decreasing to just 3.2 by the end of 2010. ...
Macroeconomics (AGEC 512)
... demand and national income is therefore determined by aggregate demand. On the other hand, aggregate demand is partly autonomous and partly positively related to income, with a marginal propensity to spend (on all forms of demand) less than unity. This means that aggregate demand depends on income ...
... demand and national income is therefore determined by aggregate demand. On the other hand, aggregate demand is partly autonomous and partly positively related to income, with a marginal propensity to spend (on all forms of demand) less than unity. This means that aggregate demand depends on income ...
Defining Aggregate Demand and Aggregate Supply
... of benefits is reduced. This means that workers are more inclined to go to work raises the level of goods and services produced in the economy. Demand side policies affect the level of Aggregate demand in the economy. This can be analysed by looking at the formula AD = C + I + G + (X-M). A rise in C ...
... of benefits is reduced. This means that workers are more inclined to go to work raises the level of goods and services produced in the economy. Demand side policies affect the level of Aggregate demand in the economy. This can be analysed by looking at the formula AD = C + I + G + (X-M). A rise in C ...
New Economic World Order: Perspectives from the US
... An export led recovery? • Some increase in exports recently • But too small to be the basis of recovery • And stronger dollar and a weaker Europe may make continued growth less likely – Europe’s economy is especially likely to be weak if many countries adopt austerity packages • Long history of “Ho ...
... An export led recovery? • Some increase in exports recently • But too small to be the basis of recovery • And stronger dollar and a weaker Europe may make continued growth less likely – Europe’s economy is especially likely to be weak if many countries adopt austerity packages • Long history of “Ho ...
The Open Economy: International Trade and Finance
... Medical and Technical Equipment $72,100,000,000 ...
... Medical and Technical Equipment $72,100,000,000 ...
Size and Growth
... Small countries are different from big ones in that … … they have fewer people Do small countries differ also in ...
... Small countries are different from big ones in that … … they have fewer people Do small countries differ also in ...
Intro4-3
... In a traditional economy, people make and use their own goods with little exchange of goods. A market economy is based on free trade and competition. People buy and sell as they wish and prices are determined by supply and demand. In a command economy, the government decides what to produce and what ...
... In a traditional economy, people make and use their own goods with little exchange of goods. A market economy is based on free trade and competition. People buy and sell as they wish and prices are determined by supply and demand. In a command economy, the government decides what to produce and what ...
SUGGESTED ANSWE RS NOV 2012 PAP ER INTRODUCTION TO
... govt and producers); (2) state the injections and withdrawals 32. (a) An Indifference curve is a curve that shows points/set of consumption bundles of commodities among which the individual in indifferent or for which the level of satisfaction is the same. (b) Indifference curves cannot intersect be ...
... govt and producers); (2) state the injections and withdrawals 32. (a) An Indifference curve is a curve that shows points/set of consumption bundles of commodities among which the individual in indifferent or for which the level of satisfaction is the same. (b) Indifference curves cannot intersect be ...
by Sylvia Nasar
... A) Increasing implementation of new technologies eventually suffered diminishing marginal returns. B) Capital per hour worked grew slowly, but technological change grew very rapidly. C) Capital per hour worked grew rapidly from 1950 to 1980, but technological change occurred very slowly. D) The cent ...
... A) Increasing implementation of new technologies eventually suffered diminishing marginal returns. B) Capital per hour worked grew slowly, but technological change grew very rapidly. C) Capital per hour worked grew rapidly from 1950 to 1980, but technological change occurred very slowly. D) The cent ...
Turn to page 11 in your ISN and answer the following questions
... • What: By 18th century, guilds had lost their power, and as the wealthy became wealthier, demand for new products increased • Why: With new demand for finished goods, Merchants responded by recognizing that a supply of products that would be in demand would be profitable • Where: Primarily Englan ...
... • What: By 18th century, guilds had lost their power, and as the wealthy became wealthier, demand for new products increased • Why: With new demand for finished goods, Merchants responded by recognizing that a supply of products that would be in demand would be profitable • Where: Primarily Englan ...
Harrod-Dommar Model
... Where, the level of capital K needed to produce an output Y is given by the equation K = σ Y where σ is called the capital-output ratio. Investment is a very important variable for the economy because Investment has a dual role. Investment represents an important component of the demand for the outp ...
... Where, the level of capital K needed to produce an output Y is given by the equation K = σ Y where σ is called the capital-output ratio. Investment is a very important variable for the economy because Investment has a dual role. Investment represents an important component of the demand for the outp ...
Creating an Environment for Growth and Prosperity
... Identify the general sources of economic growth. Identify specific institutional factors that promote economic growth. Comprehend why income levels and growth rates vary among countries. ...
... Identify the general sources of economic growth. Identify specific institutional factors that promote economic growth. Comprehend why income levels and growth rates vary among countries. ...
1.1.6 Free Market Economies, Mixed Economy and Command
... the Fed caused the crash by keeping interest rates low, and encouraging investments which were not economically worthwhile: ‘malinvestments’. ...
... the Fed caused the crash by keeping interest rates low, and encouraging investments which were not economically worthwhile: ‘malinvestments’. ...
Unit 5, Part 2 Reading Guide
... 25. Costs of Economic Development are many, these include: Industrialization which can be very costly for countries, many governments allow outside industry to take advantage of their raw materials and low wages. This can lead to ____________________________________ where taxes are low and regulatio ...
... 25. Costs of Economic Development are many, these include: Industrialization which can be very costly for countries, many governments allow outside industry to take advantage of their raw materials and low wages. This can lead to ____________________________________ where taxes are low and regulatio ...
Slide 1
... the aftermath of the crisis; Easy access to the Russian market is no longer guaranteed; Belarus would not benefit to the same extent as in the past from preferential prices on oil and gas imports from Russia. ...
... the aftermath of the crisis; Easy access to the Russian market is no longer guaranteed; Belarus would not benefit to the same extent as in the past from preferential prices on oil and gas imports from Russia. ...
Perspectives on Enhancing Agricultural Productivity
... growth, this means that attention must be given to the constraints smallholder farmers face especially fostering smallholder farmers access to; productive technology, efficient input markets and better paying and efficient output markets. Market access help to alleviate poverty through commercializi ...
... growth, this means that attention must be given to the constraints smallholder farmers face especially fostering smallholder farmers access to; productive technology, efficient input markets and better paying and efficient output markets. Market access help to alleviate poverty through commercializi ...
Notes for Chapter Two - Old
... Perfect competition: The market situation in which there are many sellers in a market and no seller is large enough to dictate the price of a product. Monopolistic competition: The market situation in which a large number of sellers produce products that are very similar but that are perceived by bu ...
... Perfect competition: The market situation in which there are many sellers in a market and no seller is large enough to dictate the price of a product. Monopolistic competition: The market situation in which a large number of sellers produce products that are very similar but that are perceived by bu ...
Planned economy
... purchases, businesses slow production/expansion Depression—Extended recession Recovery—Declining unemployment, increasing business activity, renewed consumer confidence ...
... purchases, businesses slow production/expansion Depression—Extended recession Recovery—Declining unemployment, increasing business activity, renewed consumer confidence ...
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.