Unemployment PPT
... • Had actively seeked work in the last four weeks, or • Had found a job and were waiting to start. ...
... • Had actively seeked work in the last four weeks, or • Had found a job and were waiting to start. ...
Circular flow model
... (The Index Year )2000 = 136,281 / 100 X 100 = 136,281 2001 = 146,428 / 103.12 X 100 = 141,998 2002 = 156,615 / 103.40 X 100 = 151,465 2003 = 172,431 / 103.92 X 100 = 165,927 2004 = 185,266 / 102.95 X 100 = 179,957 2005 = 194,819 / 102.81 X 100 = 189,494 2006 = 156,615 / 103.40 X 100 = 151,465 2007 = ...
... (The Index Year )2000 = 136,281 / 100 X 100 = 136,281 2001 = 146,428 / 103.12 X 100 = 141,998 2002 = 156,615 / 103.40 X 100 = 151,465 2003 = 172,431 / 103.92 X 100 = 165,927 2004 = 185,266 / 102.95 X 100 = 179,957 2005 = 194,819 / 102.81 X 100 = 189,494 2006 = 156,615 / 103.40 X 100 = 151,465 2007 = ...
GFC: Cause and consequences
... • Existing capital requires a higher return • Need to scale back capital • Fall in equity markets also reduces wealth • Rise in household risk premia reduces future ...
... • Existing capital requires a higher return • Need to scale back capital • Fall in equity markets also reduces wealth • Rise in household risk premia reduces future ...
Excess capital and the rise of inverted fascism: an historical approach
... World War Two was followed by a period of economic growth. Yet in 1968 many young people in developed Western nations were questioning the lifestyles provided by their societies. They wanted a more meaningful lifestyle, and recognised that it had become physically possible to provide universal socia ...
... World War Two was followed by a period of economic growth. Yet in 1968 many young people in developed Western nations were questioning the lifestyles provided by their societies. They wanted a more meaningful lifestyle, and recognised that it had become physically possible to provide universal socia ...
Japan`s economy: from the “lost decade” to
... Contrary to popular perceptions, Japan’s so-called “lost decade” was not on-the-whole a period of economic contraction; GDP growth averaged around 1% per year. 5 However, as we have seen above, this was much lower than previous decades. In addition, long-lasting effects from the decade’s financial c ...
... Contrary to popular perceptions, Japan’s so-called “lost decade” was not on-the-whole a period of economic contraction; GDP growth averaged around 1% per year. 5 However, as we have seen above, this was much lower than previous decades. In addition, long-lasting effects from the decade’s financial c ...
CHAPTER 36: CURRENT ISSUES IN MACRO - jb
... the long run, the economy would self-correct to full-employment output due to flexible wages and prices. In the same way, neoclassical economists believe the economy will self-correct over time. Economists from the neoclassical school of thought tend to be either monetarists or believers of the Rati ...
... the long run, the economy would self-correct to full-employment output due to flexible wages and prices. In the same way, neoclassical economists believe the economy will self-correct over time. Economists from the neoclassical school of thought tend to be either monetarists or believers of the Rati ...
S-cool Material Preparation
... believes that its current level is too high and as a result is causing its products to be uncompetitive against rival countries’ products. A central bank may seek to lower the exchange rate by selling its own currency and/or reducing its interest rate. A lower exchange rate will cause export prices ...
... believes that its current level is too high and as a result is causing its products to be uncompetitive against rival countries’ products. A central bank may seek to lower the exchange rate by selling its own currency and/or reducing its interest rate. A lower exchange rate will cause export prices ...
Lecture Slides Chapter 16
... Inflation with Unemployment o more problematic because internal balance cannot be achieved by managing AD o overall balance requires 1) current account equilibrium 2) full employment 3) price stability o 1971 example of inflation with unemployment o resulting actions: expansionary policy with wage ...
... Inflation with Unemployment o more problematic because internal balance cannot be achieved by managing AD o overall balance requires 1) current account equilibrium 2) full employment 3) price stability o 1971 example of inflation with unemployment o resulting actions: expansionary policy with wage ...
Document
... Analysis of the growth rate of aggregate output must use real GDP because doing so eliminates any change in the value of aggregate output due solely to price changes. Real GDP per capita is a measure of average aggregate output per person, but is not in itself an appropriate policy goal. ...
... Analysis of the growth rate of aggregate output must use real GDP because doing so eliminates any change in the value of aggregate output due solely to price changes. Real GDP per capita is a measure of average aggregate output per person, but is not in itself an appropriate policy goal. ...
Take economic growth measures beyond the usual GDP
... It's not a very good measure to un derstand development of a society. It is also highly valueneutral, which can ...
... It's not a very good measure to un derstand development of a society. It is also highly valueneutral, which can ...
The G-20 Calls a Truce in the Currency War
... which has such a corrosive effect on consumer confidence and business sentiment. If prolonged, “structural” unemployment will become a selffulfilling prophecy as workers’ skills depreciate. ...
... which has such a corrosive effect on consumer confidence and business sentiment. If prolonged, “structural” unemployment will become a selffulfilling prophecy as workers’ skills depreciate. ...
Homework 1 - Shepherd Webpages
... GDP for 2010 using the FINAL GOODS APPROACH. Show each step of your calculations. Why do we only count final goods when compiling GDP? (10 points) b. Explain what information you need to estimate GDP for 2010 using the INCOME APPROACH. Calculate GDP for the economy above using the income approach. S ...
... GDP for 2010 using the FINAL GOODS APPROACH. Show each step of your calculations. Why do we only count final goods when compiling GDP? (10 points) b. Explain what information you need to estimate GDP for 2010 using the INCOME APPROACH. Calculate GDP for the economy above using the income approach. S ...
Kieger Macro Update
... 50 in November. This fall below 50 in combination with the Fed kicking off the tightening cycle is a clear indication that the US economy is now beyond the mid-point of the business cycle. The exact date of the start of the next recession is, of course, still anyone’s guess. The PMI falling below 50 ...
... 50 in November. This fall below 50 in combination with the Fed kicking off the tightening cycle is a clear indication that the US economy is now beyond the mid-point of the business cycle. The exact date of the start of the next recession is, of course, still anyone’s guess. The PMI falling below 50 ...
March 2012 - Euro Challenge
... available data and what experts expect the situation will be in the near future. • Discussing the economic situation using these major economic indicators: 1. GDP growth 2. Inflation 3. Unemployment ...
... available data and what experts expect the situation will be in the near future. • Discussing the economic situation using these major economic indicators: 1. GDP growth 2. Inflation 3. Unemployment ...
GDP - about Mr. Long
... • Non-market production is not counted (volunteer work) • Underground or ‘black market’ activity is not counted. • Financial transactions are also not counted such as – Social Security payments – Private transfers of wealth, monetary gift, securities purchases – Secondhand sales, cash transfers ...
... • Non-market production is not counted (volunteer work) • Underground or ‘black market’ activity is not counted. • Financial transactions are also not counted such as – Social Security payments – Private transfers of wealth, monetary gift, securities purchases – Secondhand sales, cash transfers ...
keynesian economics - Cabarrus County Schools
... Keynes believe that 2 things needed to happen to end the Great Depression 1. Consumers need to spend more money a. Keynes thought that the spender should be the govt. According to his theory, the govt. should buy goods and services. This would encourage production and increase employment. 2. Busines ...
... Keynes believe that 2 things needed to happen to end the Great Depression 1. Consumers need to spend more money a. Keynes thought that the spender should be the govt. According to his theory, the govt. should buy goods and services. This would encourage production and increase employment. 2. Busines ...
Document
... During an economic upswing, business and consumer optimism and expanding investment interact with the multiplier to propel the economy to an inflationary boom. • The theory suggests that a market-directed economy, left to its own devices, will tend to fluctuate between economic recession and inflati ...
... During an economic upswing, business and consumer optimism and expanding investment interact with the multiplier to propel the economy to an inflationary boom. • The theory suggests that a market-directed economy, left to its own devices, will tend to fluctuate between economic recession and inflati ...
Monetary Policy & Oil Crisis
... • Japan was not credit-worthy: borrowing not an option, assets (US$ foreign reserves) minimal – In boom trade balance X-M = X-mY turns negative, except through chance export boom – BOJ must slow to cut growth (Y) and thus imports ...
... • Japan was not credit-worthy: borrowing not an option, assets (US$ foreign reserves) minimal – In boom trade balance X-M = X-mY turns negative, except through chance export boom – BOJ must slow to cut growth (Y) and thus imports ...
Measuring National Output
... Spending now in order to increase output or productivity later; includes spending on capital, new housing, and changes in business inventories 16% of GDP Purchases by firms on capital such as new factories and machines Consumers’ purchases of new housing, a form of consumer capital The marke ...
... Spending now in order to increase output or productivity later; includes spending on capital, new housing, and changes in business inventories 16% of GDP Purchases by firms on capital such as new factories and machines Consumers’ purchases of new housing, a form of consumer capital The marke ...
IMPACT OF THE RECESSION ON THE RAIL SECTOR AND ITS
... As with the US recession which began in 2007, few saw the UK recession coming. 2008 saw a continual downward revision of economists’ GDP forecasts in response to a chronically worse than expected economic data news flow, but it wasn’t until early autumn 2008 that forecasters begun to acknowledge tha ...
... As with the US recession which began in 2007, few saw the UK recession coming. 2008 saw a continual downward revision of economists’ GDP forecasts in response to a chronically worse than expected economic data news flow, but it wasn’t until early autumn 2008 that forecasters begun to acknowledge tha ...
Retirement Issues
... • If GDP increases at (1+g) then debt needs to increase by less – Deficit including interest must be less than g or about 4% [2% real plus 2% inflation] – With debt of 80% of GDP and 5% interest that component is 4% of GDP ...
... • If GDP increases at (1+g) then debt needs to increase by less – Deficit including interest must be less than g or about 4% [2% real plus 2% inflation] – With debt of 80% of GDP and 5% interest that component is 4% of GDP ...
Economic Indicators
... surveys thousands of Americans each month to calculate the size of the labor force • The Labor Force consists of those ARE working plus those that ...
... surveys thousands of Americans each month to calculate the size of the labor force • The Labor Force consists of those ARE working plus those that ...
The House that Uncle Sam Built - Foundation for Economic Education
... businesses more productive. In a market economy, interest rates change as tastes and conditions change. For instance, if people become more interested in future consumption relative to current consumption, they will increase the amount they save. This, in turn, will lower interest rates, allowing ot ...
... businesses more productive. In a market economy, interest rates change as tastes and conditions change. For instance, if people become more interested in future consumption relative to current consumption, they will increase the amount they save. This, in turn, will lower interest rates, allowing ot ...
Module 10 - Circular Flow and GDP 1. Draw the Circular Flow Model
... 1. Define: a. Real Wage b. Real Income c. Inflation Rate 2. What is the formula to find the inflation rate? 3. If the price level in year 1 is $100 and the price in year 2 is $125, what is the inflation rate? 4. What are Shoe-Leather Costs? Give an example. 5. What are menu costs? 6. What are Unit-o ...
... 1. Define: a. Real Wage b. Real Income c. Inflation Rate 2. What is the formula to find the inflation rate? 3. If the price level in year 1 is $100 and the price in year 2 is $125, what is the inflation rate? 4. What are Shoe-Leather Costs? Give an example. 5. What are menu costs? 6. What are Unit-o ...