A. Course Outline 2017
... Note this schedule may be subject to change. In such circumstances, please keep a close eye on the course website www.kennethcreamer.co.za for changes to this schedule. Lecturer: Dr Kenneth Creamer Contact email: [email protected] Consultation times: Thursdays before or after lectures (by a ...
... Note this schedule may be subject to change. In such circumstances, please keep a close eye on the course website www.kennethcreamer.co.za for changes to this schedule. Lecturer: Dr Kenneth Creamer Contact email: [email protected] Consultation times: Thursdays before or after lectures (by a ...
Lecture 20 Keynesian Model and Policy Analysis
... fluctuations. Fiscal policy takes longer to implement, money is more direct. Limitation on monetary policy: nominal interest rates are bounded at zero. Can’t set nominal interest rates negative: everyone would want to borrow. Means LM curve very flat near zero interest rates. So increases in money s ...
... fluctuations. Fiscal policy takes longer to implement, money is more direct. Limitation on monetary policy: nominal interest rates are bounded at zero. Can’t set nominal interest rates negative: everyone would want to borrow. Means LM curve very flat near zero interest rates. So increases in money s ...
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... Causes of the Great Depression The Stock Market During the 1920s, a stock market ______________________ developed as the price of stocks increased in value It was a relatively easy method for becoming wealthy In1929 Canadian investors were very confident that stocks would remain high despite ...
... Causes of the Great Depression The Stock Market During the 1920s, a stock market ______________________ developed as the price of stocks increased in value It was a relatively easy method for becoming wealthy In1929 Canadian investors were very confident that stocks would remain high despite ...
Aggregate Supply and Aggregate Demand
... supply a variety of products (Y*) and demand N* amount of employment. Why is it necessary to distinguish between short-term and long-term equilibrium? This is necessary because due to inflexibility of wages in the short term (and slow adjustment of prices), the economy is not the result of impact (i ...
... supply a variety of products (Y*) and demand N* amount of employment. Why is it necessary to distinguish between short-term and long-term equilibrium? This is necessary because due to inflexibility of wages in the short term (and slow adjustment of prices), the economy is not the result of impact (i ...
Inflation - economy of ghana network
... The falling prices of cocoa and gold have put both monetary and fiscal pressures on both the Fiscal and Monetary Authorities; • The ever-increasing import bill against the slower growing export sector leads to a negative balance of trade; • This in turn leads to a weak domestic currency through the ...
... The falling prices of cocoa and gold have put both monetary and fiscal pressures on both the Fiscal and Monetary Authorities; • The ever-increasing import bill against the slower growing export sector leads to a negative balance of trade; • This in turn leads to a weak domestic currency through the ...
Economics 259 Final Exam Spring 2016 Name: Before beginning
... Y1 (point B). Because aggregate demand is higher than the long-run aggregate supply at the price level P1, there will be an upward pressure on the price level. Over time, prices can change and they adjust. Therefore, prices rise over time and eventually reach level P2. At that point, the economy is ...
... Y1 (point B). Because aggregate demand is higher than the long-run aggregate supply at the price level P1, there will be an upward pressure on the price level. Over time, prices can change and they adjust. Therefore, prices rise over time and eventually reach level P2. At that point, the economy is ...
Chapter 16: Business Cycles and Unemployment
... Read the EconDebate article titled “Is a Jobless Recovery a Necessary Part of the New Economy?” This article describes the issue of the impact of the business cycle and technological change on the unemployment rate. ...
... Read the EconDebate article titled “Is a Jobless Recovery a Necessary Part of the New Economy?” This article describes the issue of the impact of the business cycle and technological change on the unemployment rate. ...
Monetary unions among developing and emerging markets
... About every 20 years or so in United States at least from 1792 until Great Depression 1929-39 Then, long-lasting stability, with intermittent minor crises ...
... About every 20 years or so in United States at least from 1792 until Great Depression 1929-39 Then, long-lasting stability, with intermittent minor crises ...
MONETARY AND FISCAL POLICIES
... and availability of credit in the economy. It deals with both the lending and borrowing rates of interest for commercial banks. • The Monetary Policy aims to maintain price stability, full employment and economic growth. • The Monetary Policy is different from Fiscal Policy as the former brings abou ...
... and availability of credit in the economy. It deals with both the lending and borrowing rates of interest for commercial banks. • The Monetary Policy aims to maintain price stability, full employment and economic growth. • The Monetary Policy is different from Fiscal Policy as the former brings abou ...
1) a) Draw a correctly labeled graph showing the show
... Correct labels; downward sloping SRPC; vertical LRPC b) Identify how each of the following effects inflation, unemployment and the short run Phillips Curve: i) a decrease in government spending Decrease in G causes decrease in AD, causing decrease in price level and Real GDP (increasing unemployment ...
... Correct labels; downward sloping SRPC; vertical LRPC b) Identify how each of the following effects inflation, unemployment and the short run Phillips Curve: i) a decrease in government spending Decrease in G causes decrease in AD, causing decrease in price level and Real GDP (increasing unemployment ...
Fiscal Policy Notes
... – Politicians face re-election and are more likely to support expansionary rather than contractionary fiscal policy. – Increased government spending and decreased taxes are almost always more popular with voters than increased taxes and decreased spending. ...
... – Politicians face re-election and are more likely to support expansionary rather than contractionary fiscal policy. – Increased government spending and decreased taxes are almost always more popular with voters than increased taxes and decreased spending. ...
Money wage
... that the supply of labor is a function of the nominal wage.” This violates a basic axiom of microeconomic theory. 2. “There is no long run trade-off between inflation and unemployment.” Suggests there may be a short-run tradeoff. 3. The long run Phillips curve is vertical at the NAIRU or natural rat ...
... that the supply of labor is a function of the nominal wage.” This violates a basic axiom of microeconomic theory. 2. “There is no long run trade-off between inflation and unemployment.” Suggests there may be a short-run tradeoff. 3. The long run Phillips curve is vertical at the NAIRU or natural rat ...
Notes on Classical Economics
... are sensitive to the sample period chosen. In other words, this is no ‘biggie’ in terms of a weakness in the theory according to the RBC theorists. 2) Average labor productivity is “too” procyclical in the RBC theory – that is, in reality, average labor productivity is weakly procyclical. RBC theori ...
... are sensitive to the sample period chosen. In other words, this is no ‘biggie’ in terms of a weakness in the theory according to the RBC theorists. 2) Average labor productivity is “too” procyclical in the RBC theory – that is, in reality, average labor productivity is weakly procyclical. RBC theori ...