Fiscal Policy and Monetary Policy
... • National debt. Total amount of money the federal government owes. The national debt is owed to anyone who holds U.S. Savings Bonds or Treasury bills, bonds, or notes. ▫ Difference between deficit and debt. Deficit is amount the government owes for one fiscal year. National debt is the total amount ...
... • National debt. Total amount of money the federal government owes. The national debt is owed to anyone who holds U.S. Savings Bonds or Treasury bills, bonds, or notes. ▫ Difference between deficit and debt. Deficit is amount the government owes for one fiscal year. National debt is the total amount ...
The Quantity Theory of Money
... M2= M1 + on call funds at registered banks. E.g. Savings accounts (usually have to go to the bank to acquire these funds) M3 = M2 + term deposits at banks and other financial institutions. ...
... M2= M1 + on call funds at registered banks. E.g. Savings accounts (usually have to go to the bank to acquire these funds) M3 = M2 + term deposits at banks and other financial institutions. ...
Tor Hirst 02.02.2012 Multiple Choice Week Three Tor Hirst 02.02
... government expenditure and net expenditure on exports. Governments use fiscal policy to change the level of aggregate demand within an economy. Fiscal policy involves using the government’s budget to change the level of aggregate demand within the economy. The government’s budget details the governm ...
... government expenditure and net expenditure on exports. Governments use fiscal policy to change the level of aggregate demand within an economy. Fiscal policy involves using the government’s budget to change the level of aggregate demand within the economy. The government’s budget details the governm ...
Challenges facing Norwegian business and industry
... White paper about the EEA-agreement Higher priority, more resources, better knowledge, more open processes Priority to energy and fish issues ...
... White paper about the EEA-agreement Higher priority, more resources, better knowledge, more open processes Priority to energy and fish issues ...
Study Guide for 1st Exam, 2301, Summer 2003.doc
... 6. Distinguish between pure public goods and pure private goods. Provide examples of each. Explain the free-rider problem. 7. Distinguish between positive and negative externalities. Provide examples of each. What actions might government take to counter each? 8. Explain the criticism of expansionar ...
... 6. Distinguish between pure public goods and pure private goods. Provide examples of each. Explain the free-rider problem. 7. Distinguish between positive and negative externalities. Provide examples of each. What actions might government take to counter each? 8. Explain the criticism of expansionar ...
Impulse or Propagation? How the Tides turned in Business Cycle
... ravages of time. In a more sophisticated form it still is a basic ingredient in many modern business cycle theories. But as such it is only part of the story. It is capable of explaining the conditions of crisis, or for that matter, which of the characteristics of the capitalist economy make it pron ...
... ravages of time. In a more sophisticated form it still is a basic ingredient in many modern business cycle theories. But as such it is only part of the story. It is capable of explaining the conditions of crisis, or for that matter, which of the characteristics of the capitalist economy make it pron ...
PANAMA
... in public schools are top public concerns. Panama’s strong, dollar-based economy rests primarily on a services sector that accounts for more than three-quarters of GDP. About one-fourth of the population lives in poverty. Since the opening of the Panama Canal in 1914, Panama has been a strategic com ...
... in public schools are top public concerns. Panama’s strong, dollar-based economy rests primarily on a services sector that accounts for more than three-quarters of GDP. About one-fourth of the population lives in poverty. Since the opening of the Panama Canal in 1914, Panama has been a strategic com ...
What Would Keynes D ould Keynes D ould Keynes Do?
... Directions: John Maynard Keynes was a prominent economist whose ideas have been used to solve economic crises such as recessions and depressions over the past century. Use the resources listed on page 2 to research answers to the following questions. Then write a memo to President Obama with advice ...
... Directions: John Maynard Keynes was a prominent economist whose ideas have been used to solve economic crises such as recessions and depressions over the past century. Use the resources listed on page 2 to research answers to the following questions. Then write a memo to President Obama with advice ...
Spring 2015 TEST 3 w/ solution
... 20. When the aggregate price level increases, the purchasing power of many assets falls, causing a decrease in consumer spending. This is known as the _____ effect and is a reason why the _____ curve slopes _____. A) interest rate; aggregate demand; downward B) wealth; aggregate demand; downward C) ...
... 20. When the aggregate price level increases, the purchasing power of many assets falls, causing a decrease in consumer spending. This is known as the _____ effect and is a reason why the _____ curve slopes _____. A) interest rate; aggregate demand; downward B) wealth; aggregate demand; downward C) ...
MODULE 1: APPROACHES TO CANADIAN ECONOMIC HISTORY
... 2) Decreasing relevance as the natural resource sector declines in relative size of economy 3) Important sectors are ignored and even whole regions are ignored or disappear from history 4) Breadth of analysis results in situations where I. Relationships between cause and effect are not clearly estab ...
... 2) Decreasing relevance as the natural resource sector declines in relative size of economy 3) Important sectors are ignored and even whole regions are ignored or disappear from history 4) Breadth of analysis results in situations where I. Relationships between cause and effect are not clearly estab ...
Poverty, Inclusive Growth and Development Strategy
... strategy may play a more active role than that of a minimal state. When the government pursues a CAF strategy, the endowment structure will upgrade very fast and it is desirable for the government to play certain role to facilitate the country’s industrial upgrading. ...
... strategy may play a more active role than that of a minimal state. When the government pursues a CAF strategy, the endowment structure will upgrade very fast and it is desirable for the government to play certain role to facilitate the country’s industrial upgrading. ...
The BB-NN Model
... Moreover, if the appreciation is occurring because we are expecting that the BB will move in the future, then it might be sustainable in the short run. It is important to remember that it has to be sustainable at some point in time. We can run a deficit if we are expecting good news to come, but we ...
... Moreover, if the appreciation is occurring because we are expecting that the BB will move in the future, then it might be sustainable in the short run. It is important to remember that it has to be sustainable at some point in time. We can run a deficit if we are expecting good news to come, but we ...
Trinidad and Tobago Business Forecast Report Q2 2011 Brochure
... In our last Business Forecast Report, we argued that the extent of challenges facing Trinidad & Tobago’s economy would become clearer as we head into 2011, and recent data reaffirm this view. It now appears as though real GDP growth only just turned positive in 2010 (since our last report, we have r ...
... In our last Business Forecast Report, we argued that the extent of challenges facing Trinidad & Tobago’s economy would become clearer as we head into 2011, and recent data reaffirm this view. It now appears as though real GDP growth only just turned positive in 2010 (since our last report, we have r ...
Chapter 23 - Ewp.rpi.edu
... of Employment, Interest, and Money,” began this school of thought. Keynes’ theory was that too little consumer spending and investment lead to the Great Depression. ...
... of Employment, Interest, and Money,” began this school of thought. Keynes’ theory was that too little consumer spending and investment lead to the Great Depression. ...
Spring 1997 Midterm #2
... a) The US government increases taxes. b) The members of OPEC agree to lower the worldwide supply of oil. c) Demand for US exports increases overseas. d) Japan feels sorry for the US economy and donates free capital. e) None of the above will result in demand-pull inflation. 2. Which of the following ...
... a) The US government increases taxes. b) The members of OPEC agree to lower the worldwide supply of oil. c) Demand for US exports increases overseas. d) Japan feels sorry for the US economy and donates free capital. e) None of the above will result in demand-pull inflation. 2. Which of the following ...
Coherent macroeconomic statistics
... Coherent macroeconomic statistics • Main objectives of macroeconomic policies – High, but sustainable economic growth – High/full employment – Price stability – External balance – Influence the distribution of income and wealth – Provision of public goods – Efficient allocation of resources – High ...
... Coherent macroeconomic statistics • Main objectives of macroeconomic policies – High, but sustainable economic growth – High/full employment – Price stability – External balance – Influence the distribution of income and wealth – Provision of public goods – Efficient allocation of resources – High ...
Sally Sold Seashells By The Seashore
... • Diminishing Marginal Utility – people will not buy more than they can reasonably use, regardless of price ...
... • Diminishing Marginal Utility – people will not buy more than they can reasonably use, regardless of price ...
ECON 121 Principles of Macroeconomics Exam II
... 4. The only device allowed is a simple calculator; i.e., anything that can store or retrieve information (including a graphing calculator) is NOT allowed. 5. Use of books, notes, another person, and/or aid of any kind is absolutely NOT allowed. 6. Answer all questions in blue or black ink only; i.e. ...
... 4. The only device allowed is a simple calculator; i.e., anything that can store or retrieve information (including a graphing calculator) is NOT allowed. 5. Use of books, notes, another person, and/or aid of any kind is absolutely NOT allowed. 6. Answer all questions in blue or black ink only; i.e. ...
Economic Growth - My Teacher Pages
... To reach its production potential, an economy must achieve economic efficiency as well as full employment. This can be done as long as the economy achieves both productive efficiency (using resources efficiently) and allocative efficiency (producing products that maximize people’s well-being). ...
... To reach its production potential, an economy must achieve economic efficiency as well as full employment. This can be done as long as the economy achieves both productive efficiency (using resources efficiently) and allocative efficiency (producing products that maximize people’s well-being). ...
3.1 Measuring National Income The Circular Flow of Income
... macroeconomic standpoint, the US has increased its national income for January due to certain measures taken to stimulate the US economy. Oddly enough, this boost of income corresponded to the increase of consumer spending despite the recession. Nevertheless, this increase of national income is pred ...
... macroeconomic standpoint, the US has increased its national income for January due to certain measures taken to stimulate the US economy. Oddly enough, this boost of income corresponded to the increase of consumer spending despite the recession. Nevertheless, this increase of national income is pred ...
File
... rationing, both individuals and businesses had been unable to spend and had accumulated considerable savings in cash and bonds. Throughout 1919 consumers and businesses spent their savings. Individual’s bought luxury items that had been rationed during the war such as coffee, soap, clothes and cigar ...
... rationing, both individuals and businesses had been unable to spend and had accumulated considerable savings in cash and bonds. Throughout 1919 consumers and businesses spent their savings. Individual’s bought luxury items that had been rationed during the war such as coffee, soap, clothes and cigar ...
Safe-Asset Slaughter How to Profit Through the Coming
... unseating the dollar as the world’s reserve currency. It simply lacks the required liquidity. In 2011, it strengthened against all major currencies. This led to a stampede into the currency, so its value shot higher. Of course, this pushed prices in Switzerland up as well. At the end of that summer, ...
... unseating the dollar as the world’s reserve currency. It simply lacks the required liquidity. In 2011, it strengthened against all major currencies. This led to a stampede into the currency, so its value shot higher. Of course, this pushed prices in Switzerland up as well. At the end of that summer, ...