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2B Task 6 Macroeconomics 2011
2B Task 6 Macroeconomics 2011

... Australians hold back on spending Despite the ongoing strength of mining and related industries, overall consumption expenditure growth in the Australian economy is currently relatively subdued. In particular, there has been very little growth in household consumption spending over recent months. Th ...
The Cuban Economy
The Cuban Economy

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... The budget balance is the difference between tax revenue and government spending. The budget surplus is the difference between tax revenue and government spending when tax revenue exceeds government spending. The budget deficit is the difference between tax revenue and government spending when gover ...
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... Demand – the desire for a good and the ability to pay for it. Law of Demand – as prices fall, consumer demand will increase and vice versa. Substitution Effect – as the price of a good rises, consumers are more likely to substitute a good/service in its place. Income Effect – as the income of consum ...
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... A decline in the rate of national economic activity, usually measured by a decline in real GDP for at least two consecutive quarters (i.e., six months). ...
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... A decline in the rate of national economic activity, usually measured by a decline in real GDP for at least two consecutive quarters (i.e., six months). ...
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Macro - Cobb Learning

... income and is the total market value, measured in dollars, of all goods and services produced within a country’s borders in one year. *Inflation: This is calculated using the Consumer Price Index (CPI). It compares the price of a standard group of goods called a “market basket” to the price of the s ...
Discretionary Fiscal Policy and Automatic Stabilizers
Discretionary Fiscal Policy and Automatic Stabilizers

... If aggregate demand is too low, government can use fiscal policy to stimulate the economy through increased spending or decreased taxes. These policies are examples of expansionary fiscal policy. If government wants to decrease aggregate demand, it can pursue a contractionary fiscal policy by decrea ...
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... Government provides goods and services that private businesses do not provide Business produce  private goods (goods that when consumed by an individual cannot be consumed by another)  Subject to the exclusion principle (a person is excluded form using a good unless they pay for it) Governments pr ...
The crisis in the “sub-prime market” + Financial crisis.
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... but figured that he would find out the real story soon enough. However, after the 6th trip between the shallow end and the deep end, the student began to become worried that his economics professor had gone mad. The student finally replied, "All we're doing is wasting valuable time and effort on unp ...
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Study Questions for Final File

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Asset Valuation and Residual Risks to the Nigerian Financial

... Liquidity drove the proliferation of financial products which were not well tested or fully understood and this allowed for professionally concealed frauds and high level manipulation of financial activities ...
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Keynesian Model

... needed to stimulate demand and the economy. Keynes presented a new macroeconomic theory that asked what could government do when prices, wages, and interest rates were fixed, or "sticky". The solution, as we will see later in this unit, was active government fiscal policy. Tax cuts or increased gove ...
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... with an economy heavily dependent on tourism and offshore banking. Tourism alone accounts for more than 60% of GDP and directly or indirectly employs half of the archipelago's labor force. Steady growth in tourism receipts and a boom in construction of new hotels, resorts, and residences had led to ...
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... equivalent to 116% of the GDP, compared with a mere 21% in 1980.  To date, US banks have admitted to $334 billion in losses and write-downs. They were able to raise $235 billion in new capital but ...
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Economics_files/econ unit 1and2 Online

... 24) The feature that distinguishes the U.S. economy from the pure market model is a. private ownership of the factors of production. b. contractual relationships between businesses and individuals. c. limited government involvement. d. self-interest and incentives. 25) Which of the following economi ...
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culture, politics, economics, and population

... gold, silver, and iron; non-metals such as gemstones, limestone, and sulfur; fossil fuels such as oil, natural gas, and coal--the basis of current energy production) Inexhaustible Energy Sources: used for producing power and are the result of solar or planetary processes; are virtually unlimited in ...
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... is that the upward valuation of the euro will have a dampening effect and that monetary policy will no longer be expansive. Also in Britain, as in Japan, the pace of expansion will slow down in the coming year, without indication of a downturn. With weaker economic activity in the industrial countr ...
Fiscal Policy in a deflationary environment
Fiscal Policy in a deflationary environment

... - Is it spent on building human Capital that would improve productivity and hence growth? - Is it spent on building or strengthening physical infrastructure that could contribute to promoting growth and employment generation - Is it spent to support poorer segment of society ...
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Study Tips for Final

08CIV Chapter 23
08CIV Chapter 23

... • Stock markets are indicators of economic health. – Profits in form of dividends and capital ...
08CIV Chapter 23
08CIV Chapter 23

... • Stock markets are indicators of economic health. – Profits in form of dividends and capital ...
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Non-monetary economy

The non-monetary economy represents work such as household labor, care giving and civic activity that does not have a monetary value but remains a vitally important part of the economy. With respect to the current economic situation labor that results in monetary compensation becomes more highly valued than unpaid labor. Yet nearly half of American productive work goes on outside of the market economy and is not represented in production measures such as the GDP (Gross Domestic Product).The non-monetary economy seeks to reward and value work that benefits society (whether through producing services, products, or making investments) that the monetary economy does not recognize. An economic as well as a social imperative drives the work done in this economy. This method of valuing work would challenge ways in which unemployment and the labor force are all currently measured and generally restructure the way in which labor and work are constructed in America.The non-monetary economy also works to make the labor market more inclusive by valuing previously ignored forms of work. Some acknowledge the non-monetary economy as having a moral or socially conscious philosophy that attempts to end social exclusion by including poor and unemployed individuals economic opportunities and access to services and goods. Such community-based and grassroots movements encourage the community to be more participatory, thus providing a more democratic economic structures.Much of non-monetary work is categorized as either civic work or housework. These two types of work are critical to the operation of daily life and are largely taken for granted and undervalued. Both of these categories encompass many different types of work and are discussed below.It is important to point the microscope on these two areas because only certain people are very civically engaged and very frequently a certain group of people tend to do housework. Non-monetary economic systems hope to make community members more active, thus more democratic with more balanced representation, and to value housework that is commonly done by women and less valued.
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