Economics 11
... rise, which of the following must occur? a. Nominal GDP must grow by more than 2 percent. b. Real GDP must gow by more than 2 percent. c. Real GDP per capita must grow by more than 2 percent. d. The standard of living cannot rise if population is growing. If the population is growing by 2%, then rea ...
... rise, which of the following must occur? a. Nominal GDP must grow by more than 2 percent. b. Real GDP must gow by more than 2 percent. c. Real GDP per capita must grow by more than 2 percent. d. The standard of living cannot rise if population is growing. If the population is growing by 2%, then rea ...
Money as gold versus money as water
... countercyclical investment banks. Such banks study potential projects in the boom period and invest in the bust period (and sell such projects again in the boom period). Pollock and Letta (2001) confirm that the causality runs from expenditures to income, and less in the reverse. Keynes’s General Th ...
... countercyclical investment banks. Such banks study potential projects in the boom period and invest in the bust period (and sell such projects again in the boom period). Pollock and Letta (2001) confirm that the causality runs from expenditures to income, and less in the reverse. Keynes’s General Th ...
Economic terms
... Economies which use market-determined prices to guide peoples choices about the production and distribution of goods; these economies generally have productive resource which are privately owned. Central Bank Intervention Influence on exchange rates in the foreign exchange market when exchange rates ...
... Economies which use market-determined prices to guide peoples choices about the production and distribution of goods; these economies generally have productive resource which are privately owned. Central Bank Intervention Influence on exchange rates in the foreign exchange market when exchange rates ...
Leijonhufvud paper 2009 KeynesCrisisRev
... The other lesson to draw from the Japanese experience is that once the credit system had crashed a central bank policy of low interest rates could not counteract this intertemporal effective demand failure. Year after year after year, the Bank of Japan kept Bank rate as close to zero as makes no dif ...
... The other lesson to draw from the Japanese experience is that once the credit system had crashed a central bank policy of low interest rates could not counteract this intertemporal effective demand failure. Year after year after year, the Bank of Japan kept Bank rate as close to zero as makes no dif ...
Chapter 6 - FIU Faculty Websites
... consumers substitute a different good instead of buying less of the good with the new price. Therefore, the CPI may overstate increases in the cost of living. 2. Introduction of new goods – New goods mean more choices and more choices mean that the purchasing power of your dollar may go up it produc ...
... consumers substitute a different good instead of buying less of the good with the new price. Therefore, the CPI may overstate increases in the cost of living. 2. Introduction of new goods – New goods mean more choices and more choices mean that the purchasing power of your dollar may go up it produc ...
PPT
... liabilities, the claims are unconditional. In addition, a financial claim may exist which entitles the creditor to demand payment from the debtor but whereas the payment by the debtor is unconditional if demanded, the demand itself is discretionary on the part of the creditor. ...
... liabilities, the claims are unconditional. In addition, a financial claim may exist which entitles the creditor to demand payment from the debtor but whereas the payment by the debtor is unconditional if demanded, the demand itself is discretionary on the part of the creditor. ...
Cibc bank is non negotiable
... understand by the GDP of the country?, What is a Non -banking Financial Company (NBFC)?. Banks and federally chartered trust and loan companies are required to transfer to the Bank of Canada all unclaimed bank balances maintained in Canada in Canadian. I will often add the words "Non negotiable" (in ...
... understand by the GDP of the country?, What is a Non -banking Financial Company (NBFC)?. Banks and federally chartered trust and loan companies are required to transfer to the Bank of Canada all unclaimed bank balances maintained in Canada in Canadian. I will often add the words "Non negotiable" (in ...
Inflation
... cost isn't high. Conflict can arise when there is unanticipated inflation, like: (1) Creditors lose and debtors gain if the lender does not anticipate inflation correctly. For those who borrow, this is similar to getting an interest-free loan. (2) Uncertainty about what will happen next makes corpor ...
... cost isn't high. Conflict can arise when there is unanticipated inflation, like: (1) Creditors lose and debtors gain if the lender does not anticipate inflation correctly. For those who borrow, this is similar to getting an interest-free loan. (2) Uncertainty about what will happen next makes corpor ...
International
... Korea. Demand for CAD will fall as investors move money from CAD assets to higher real interest rates in South Korea. (b) Given your answer to part (a)(ii), indicate how the value of the Canadian dollar is affected. CAD will depreciate (c) As a result of the currency change in part (b), what will ha ...
... Korea. Demand for CAD will fall as investors move money from CAD assets to higher real interest rates in South Korea. (b) Given your answer to part (a)(ii), indicate how the value of the Canadian dollar is affected. CAD will depreciate (c) As a result of the currency change in part (b), what will ha ...
AS & AD part 1
... An AD will P and Q, but only in the SR. Prices rise but wages lag. Firms employment and output. Eventually, workers realize their real wages (W/P) are ...
... An AD will P and Q, but only in the SR. Prices rise but wages lag. Firms employment and output. Eventually, workers realize their real wages (W/P) are ...
Chap30
... The quantity of money in circulation multiplied by the number of times that money turns over equals the average price times real output: P times Y equals nominal GDP By rearranging the equation of exchange, we would find that velocity equals nominal GDP divided by the money stock V = (P x Y) / M ...
... The quantity of money in circulation multiplied by the number of times that money turns over equals the average price times real output: P times Y equals nominal GDP By rearranging the equation of exchange, we would find that velocity equals nominal GDP divided by the money stock V = (P x Y) / M ...
Econ Unit 4 Macro Notes
... Hyperinflation = 50% per year (extremely rare & is last step before total monetary collapse & ANARCHY!) Causes of Inflation 1. Quantity Theory – excess monetary growth or too much money in the economy; money supply grows faster than real GDP Federal Reserve (US central bank) allows too much money ...
... Hyperinflation = 50% per year (extremely rare & is last step before total monetary collapse & ANARCHY!) Causes of Inflation 1. Quantity Theory – excess monetary growth or too much money in the economy; money supply grows faster than real GDP Federal Reserve (US central bank) allows too much money ...
Accelerating Deflation and Monetary Policy (MAR/03)
... quantitative easing. Due to this quantitative easing measure, private financial institutions have increased the outstanding balances in current accounts they keep with the BOJ. This has risen from the 4 trillion yen it had been previously to 20 t r i l l i o n y e n . H o w e v e r, a l t h o u g h ...
... quantitative easing. Due to this quantitative easing measure, private financial institutions have increased the outstanding balances in current accounts they keep with the BOJ. This has risen from the 4 trillion yen it had been previously to 20 t r i l l i o n y e n . H o w e v e r, a l t h o u g h ...
Mrs. Thompson`s Notes on Defining, Calculating, and Measuring
... someone change all of the prices in the computer and all of the signs on shelves in a supermarket daily or even more often). i. In high inflation countries (like Zimbabwe in 2008, where inflation was 1,694,000%), firms begin listing prices in more stables measures (like U.S. dollars) although they e ...
... someone change all of the prices in the computer and all of the signs on shelves in a supermarket daily or even more often). i. In high inflation countries (like Zimbabwe in 2008, where inflation was 1,694,000%), firms begin listing prices in more stables measures (like U.S. dollars) although they e ...
Midterm 1 / Questions and Answers
... (a) The quantity equation is as follows: M V = P Y and it can be rewritten as M / P = Y / V. Here, M denotes the quantity of nominal money circulating in the economy, and, because of the money market equilibrium, it is equal to the nominal quantity of money demanded. In other words, M / P = (M/P)d . ...
... (a) The quantity equation is as follows: M V = P Y and it can be rewritten as M / P = Y / V. Here, M denotes the quantity of nominal money circulating in the economy, and, because of the money market equilibrium, it is equal to the nominal quantity of money demanded. In other words, M / P = (M/P)d . ...
