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Bahrain Economic Quarterly - Economic Development Board
... being lifted and by 1 mbd within 6-7 months. Iranian crude exports of 1.1-1.25 mbd this year compare to 2.5 mbd in 2011. However, many analysts suggest that the impact will be much more gradual. Some private sector estimates suggest that a lack of investment has reduced Iran’s 2010 capacity of 3.7 m ...
... being lifted and by 1 mbd within 6-7 months. Iranian crude exports of 1.1-1.25 mbd this year compare to 2.5 mbd in 2011. However, many analysts suggest that the impact will be much more gradual. Some private sector estimates suggest that a lack of investment has reduced Iran’s 2010 capacity of 3.7 m ...
Block I - Bhoj University
... There are two laws intrinsically related to microeconomics. These two laws are the Law of Supply and the Law of Demand. A closer look at each will illustrate how they relate to pricing and the distribution of goods and services. According to the LAW OF DEMAND, as price goes up; the quantity demanded ...
... There are two laws intrinsically related to microeconomics. These two laws are the Law of Supply and the Law of Demand. A closer look at each will illustrate how they relate to pricing and the distribution of goods and services. According to the LAW OF DEMAND, as price goes up; the quantity demanded ...
Principles of Macroeconomics, Case/Fair/Oster, 10e
... services from firms, and pay taxes to the government. They also purchase foreign-made goods and services (imports). Firms receive payments from households and the government for goods and services; they pay wages, dividends, interest, and rents to households and taxes to the government. The governme ...
... services from firms, and pay taxes to the government. They also purchase foreign-made goods and services (imports). Firms receive payments from households and the government for goods and services; they pay wages, dividends, interest, and rents to households and taxes to the government. The governme ...
P - Juan de Lucio
... • Suppose the Fed increases the money supply unexpectedly. In the long run, P will rise. • In the short run, firms without menu costs can raise their prices immediately. • Firms with menu costs wait to raise prices. Meanwhile, their prices are relatively low, which increases demand for their product ...
... • Suppose the Fed increases the money supply unexpectedly. In the long run, P will rise. • In the short run, firms without menu costs can raise their prices immediately. • Firms with menu costs wait to raise prices. Meanwhile, their prices are relatively low, which increases demand for their product ...
queen`s university at kingston
... aggregate supply curve shifts downward and the economy moves downward along the aggregate demand curve, AD1. Ultimately in the long-run, the economy moves back to its original equilibrium at E1. So, after the supply shock the long-run equilibrium price, P1=1 and output, Y1=3000. At the long-run equi ...
... aggregate supply curve shifts downward and the economy moves downward along the aggregate demand curve, AD1. Ultimately in the long-run, the economy moves back to its original equilibrium at E1. So, after the supply shock the long-run equilibrium price, P1=1 and output, Y1=3000. At the long-run equi ...
Introduction to economics - University of London International
... Finance and the Social Sciences This is an extract from a subject guide for an undergraduate course offered as part of the University of London International Programmes in Economics, Management, Finance and the Social Sciences. Materials for these programmes are developed by academics at the London ...
... Finance and the Social Sciences This is an extract from a subject guide for an undergraduate course offered as part of the University of London International Programmes in Economics, Management, Finance and the Social Sciences. Materials for these programmes are developed by academics at the London ...
Is there a Link Between GDP Growth and Equity Returns?
... spectacular growth, and many institutional investors wonder if they should assign a higher weight to these countries (based on gross domestic product [GDP] rather than market capitalization). These investors hope that this higher weight will be justified by a subsequent higher return. This question ...
... spectacular growth, and many institutional investors wonder if they should assign a higher weight to these countries (based on gross domestic product [GDP] rather than market capitalization). These investors hope that this higher weight will be justified by a subsequent higher return. This question ...
Outlook for Economic Activity and Prices (April 2016, full text)
... Individual Policy Board members make their forecasts assuming that Dubai crude oil prices will rise moderately from the recent 35 U.S. dollars per barrel to the range of 45-50 dollars per barrel toward the end of the projection period; that is, fiscal 2018. Under this assumption, the contribution of ...
... Individual Policy Board members make their forecasts assuming that Dubai crude oil prices will rise moderately from the recent 35 U.S. dollars per barrel to the range of 45-50 dollars per barrel toward the end of the projection period; that is, fiscal 2018. Under this assumption, the contribution of ...
exchange rate
... The Open Economy with Flexible Exchange Rates Factors that Affect Exchange Rates Purchasing Power Parity: The Law of One Price law of one price If the costs of transportation are small, the price of the same good in different countries should be roughly the same. purchasing-power-parity theory A the ...
... The Open Economy with Flexible Exchange Rates Factors that Affect Exchange Rates Purchasing Power Parity: The Law of One Price law of one price If the costs of transportation are small, the price of the same good in different countries should be roughly the same. purchasing-power-parity theory A the ...
Estimating residential demand for electricity
... For the last few decades respective governments in Sri Lanka have recognized the importance of electricity as a vital input in increasing economic activity. They have, therefore, given high priority to increasing the supply of electricity, especially to rural areas. As a result, the number of househ ...
... For the last few decades respective governments in Sri Lanka have recognized the importance of electricity as a vital input in increasing economic activity. They have, therefore, given high priority to increasing the supply of electricity, especially to rural areas. As a result, the number of househ ...
Chapter 8 Aggregate Demand and Aggregate Supply
... – Because higher prices reduce real spending power, prices and output are negatively related. ...
... – Because higher prices reduce real spending power, prices and output are negatively related. ...
Keynes` Theory of Money and His Attack on the Classical Model
... Having rejected the loanable funds theory, Keynes turned to the secondary money market as the arena in which the interest rate is determined. Thus, Keynes' theory of money was an alternative explanation of interest rate determination, which linked the real and monetary sectors of the economy. As a r ...
... Having rejected the loanable funds theory, Keynes turned to the secondary money market as the arena in which the interest rate is determined. Thus, Keynes' theory of money was an alternative explanation of interest rate determination, which linked the real and monetary sectors of the economy. As a r ...
One observed fact in the economic development
... International trade in textile and apparel has been governed by quantitative restrictions under the Multi-Fiber Arrangement (MFA) and earlier agreements for more than 30 years. One of the major accomplishments of the Uruguay Round was the Agreement on Textiles and Clothing (ATC), which provides for ...
... International trade in textile and apparel has been governed by quantitative restrictions under the Multi-Fiber Arrangement (MFA) and earlier agreements for more than 30 years. One of the major accomplishments of the Uruguay Round was the Agreement on Textiles and Clothing (ATC), which provides for ...
AP Macroeconomics Crash Course
... With all the information out there, how do you know in what areas to focus? One thing all AP Macro students should know as they progress through the course and prepare for the exam is the relative importance of each of the units in the course. The AP Macro exam is a two-part examination. The first p ...
... With all the information out there, how do you know in what areas to focus? One thing all AP Macro students should know as they progress through the course and prepare for the exam is the relative importance of each of the units in the course. The AP Macro exam is a two-part examination. The first p ...
Productivity Growth and the New Economy
... income side rather than the product side of the national accounts. By relying on the industrial data, I can focus on different definitions of output and get sharper estimates of the sources of productivity growth. Third, by working with the new industrial data, I can make more accurate adjustments f ...
... income side rather than the product side of the national accounts. By relying on the industrial data, I can focus on different definitions of output and get sharper estimates of the sources of productivity growth. Third, by working with the new industrial data, I can make more accurate adjustments f ...
MacroPractice
... 82. What is the only factor that can continually increase in such a way as to bring about continued increases in aggregate demand, and thus bring about continued inflation? Give two reasons why government purchases cannot continually increase, and so cannot be the cause of continued inflation. 83. D ...
... 82. What is the only factor that can continually increase in such a way as to bring about continued increases in aggregate demand, and thus bring about continued inflation? Give two reasons why government purchases cannot continually increase, and so cannot be the cause of continued inflation. 83. D ...
Chapter 22 - Samuel Moon Jung
... 4) Suppose the economy is producing at the natural rate of output. Assuming a fixed natural rate of output and everything else held constant, the development of a new, more productive technology will cause ________ in the unemployment rate in the long run and ________ in inflation in the short run. ...
... 4) Suppose the economy is producing at the natural rate of output. Assuming a fixed natural rate of output and everything else held constant, the development of a new, more productive technology will cause ________ in the unemployment rate in the long run and ________ in inflation in the short run. ...
The African Lions: Kenya country case study
... and basically market-friendly orientation. The share of manufactured exports in manufacturing output has historically remained quite low (at less than 15 per cent). While the economy was liberalized in the 1980s and 1990s, the trade liberalization policies were not credible and were often subject to ...
... and basically market-friendly orientation. The share of manufactured exports in manufacturing output has historically remained quite low (at less than 15 per cent). While the economy was liberalized in the 1980s and 1990s, the trade liberalization policies were not credible and were often subject to ...
Better Living Through Meteorology
... Better Living Through Meteorology Mark S. Roulston Oxford University and London School of Economics ...
... Better Living Through Meteorology Mark S. Roulston Oxford University and London School of Economics ...
Export Diversification, Externalities and Growth
... export diversification will have a positive net effect on aggregate output. Since manufactured exports tend to offer greater potential for sustained learning and more spillover benefits to other activities, many endogenous growth models suggest diversification out of traditional primary exports into ...
... export diversification will have a positive net effect on aggregate output. Since manufactured exports tend to offer greater potential for sustained learning and more spillover benefits to other activities, many endogenous growth models suggest diversification out of traditional primary exports into ...
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.