Italy: The Second Worst Country in the EU for the Young Today
... at 11.2% in 2012; and the worst old-‐age dependency ratio in the EU in 2014, at 33%. This means that Italy has only three people of working age to support every person aged 65 and over, foll ...
... at 11.2% in 2012; and the worst old-‐age dependency ratio in the EU in 2014, at 33%. This means that Italy has only three people of working age to support every person aged 65 and over, foll ...
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... increase in unemployment. The consequence of a recession is indubitably devastating for an economy and it has a number of adverse effects in the economy. The economy suffers a reduction in the consumer expenditures that affect the business and production activities of the market, unemployment hamper ...
... increase in unemployment. The consequence of a recession is indubitably devastating for an economy and it has a number of adverse effects in the economy. The economy suffers a reduction in the consumer expenditures that affect the business and production activities of the market, unemployment hamper ...
Belize and its Economy:
... Comparative advantage: specialization in the production of goods in which a nation is most efficient Theoretically, if there are 2 countries producing the same 2 goods, and one is more efficient than the other, they can produce the thing they are best at producing, and swap Talk about a simplifying ...
... Comparative advantage: specialization in the production of goods in which a nation is most efficient Theoretically, if there are 2 countries producing the same 2 goods, and one is more efficient than the other, they can produce the thing they are best at producing, and swap Talk about a simplifying ...
Current Issues
... is the physical volume of all goods and services produced (real output)]. c. Monetarists say that velocity, V, is stable, meaning that the factors altering velocity change gradually and predictably. People and firms have a stable pattern to holding money. d. If velocity is stable, the equation of ex ...
... is the physical volume of all goods and services produced (real output)]. c. Monetarists say that velocity, V, is stable, meaning that the factors altering velocity change gradually and predictably. People and firms have a stable pattern to holding money. d. If velocity is stable, the equation of ex ...
Macroeconomic Schools of Thought
... football game. It is late December and the roads are covered with snow. They hit a patch of ice and crash into a telephone pole. An ambulance rushes the son to a nearby hospital and operating room. The doctor walks in and says, “I can’t operate, that’s my son.” How could this be true?” Whatever your ...
... football game. It is late December and the roads are covered with snow. They hit a patch of ice and crash into a telephone pole. An ambulance rushes the son to a nearby hospital and operating room. The doctor walks in and says, “I can’t operate, that’s my son.” How could this be true?” Whatever your ...
Chapter 1: Introduction (Word)
... Someone who had an income of $43,000 in 2006 would actually be able to buy no more than someone who had an income of only $7,000 in 1965. Inflation is the topic of Chapter 4. There, we will evaluate the measures of inflation. You may be concerned about trying to compare 2006 to 1913 or to 1965. Afte ...
... Someone who had an income of $43,000 in 2006 would actually be able to buy no more than someone who had an income of only $7,000 in 1965. Inflation is the topic of Chapter 4. There, we will evaluate the measures of inflation. You may be concerned about trying to compare 2006 to 1913 or to 1965. Afte ...
Expansionary and Contractionary Monetary Policy
... rate reduces the cost of borrowing and the return to saving. Therefore, firms invest in new plant and equipment, while households increase their investment in housing at the lower interest rate. In short, when the Fed increases the money supply, interest rates fall and the quantity demanded of goods ...
... rate reduces the cost of borrowing and the return to saving. Therefore, firms invest in new plant and equipment, while households increase their investment in housing at the lower interest rate. In short, when the Fed increases the money supply, interest rates fall and the quantity demanded of goods ...
FRBSF L CONOMIC
... To understand the effect of fiscal policy on the economy, it is important to distinguish between the level of cyclically adjusted spending and taxes and their change. The rate of change is what affects economic growth, at least in the near-term. As noted, panel A shows that the level of federal spen ...
... To understand the effect of fiscal policy on the economy, it is important to distinguish between the level of cyclically adjusted spending and taxes and their change. The rate of change is what affects economic growth, at least in the near-term. As noted, panel A shows that the level of federal spen ...
ECN 111 PRINCIPLES OF MACROECONOMICS HOMEWORK 2
... (a) First, calculate the GDP Deflator index for 2004 and the GDP Deflator index for 2005 using the equation I gave you in class. Show all calculations. [3 points] (b) How much did the GDP Deflator index increase between 2004 and 2005? (Hint: Using your answer from part (a), calculate the percentage ...
... (a) First, calculate the GDP Deflator index for 2004 and the GDP Deflator index for 2005 using the equation I gave you in class. Show all calculations. [3 points] (b) How much did the GDP Deflator index increase between 2004 and 2005? (Hint: Using your answer from part (a), calculate the percentage ...
Economy in Brief
... governments, a near balance in the current account, low inflation and output below potential have helped to keep Canadian interest rates low. Since early 1995, short rates have fallen over 5 percentage points while long rates are down more than 3 percentage points. Indeed, since late 1996, short rat ...
... governments, a near balance in the current account, low inflation and output below potential have helped to keep Canadian interest rates low. Since early 1995, short rates have fallen over 5 percentage points while long rates are down more than 3 percentage points. Indeed, since late 1996, short rat ...
PROBLEM SET 1 - SOLUTIONS 14.02 Introductory Macroeconomics February 16, 2005
... I. Answer each as True, False, or Uncertain, providing a few sentences of explanation for your choice. 1. If taxes and government spending were both proportional (to income), then the government budget would improve during a recession. Uncertain. During a recession, both revenues (from taxes) and ex ...
... I. Answer each as True, False, or Uncertain, providing a few sentences of explanation for your choice. 1. If taxes and government spending were both proportional (to income), then the government budget would improve during a recession. Uncertain. During a recession, both revenues (from taxes) and ex ...
World Crisis and Russia
... Financial shocks after the development of the industrial recession – a normal situation, severe financial shock prior to it was unique. However, these processes now will take place together with growing unemployment and budget deficits. It is far too early to say how deep will the demand and product ...
... Financial shocks after the development of the industrial recession – a normal situation, severe financial shock prior to it was unique. However, these processes now will take place together with growing unemployment and budget deficits. It is far too early to say how deep will the demand and product ...
Economy in Brief – September ,1997
... The current account deficit increased to $12.7 billion or 1.5% of nominal GDP from a deficit of $3.4 billion in the first quarter. This reflected both the widening of the real trade deficit in goods and a deterioration in the terms of trade, as the average price of imports rose while that of exports ...
... The current account deficit increased to $12.7 billion or 1.5% of nominal GDP from a deficit of $3.4 billion in the first quarter. This reflected both the widening of the real trade deficit in goods and a deterioration in the terms of trade, as the average price of imports rose while that of exports ...
Unit4Macro - Inflate Your Mind
... Significant decline in GDP and incomes Very high unemployment (25%) Many business and bank failings Low confidence by businesses and households ...
... Significant decline in GDP and incomes Very high unemployment (25%) Many business and bank failings Low confidence by businesses and households ...
__ 1. Which of the following will cause the demand curve for
... a. the interest rate declines and the quantity of money demanded increases b. the interest rate declines and the quantity of money demanded declines c. the interest rate increases and the quantity of money demanded increases d. the interest rate increases and the quantity of money demanded declines ...
... a. the interest rate declines and the quantity of money demanded increases b. the interest rate declines and the quantity of money demanded declines c. the interest rate increases and the quantity of money demanded increases d. the interest rate increases and the quantity of money demanded declines ...
`Turning Points` with Leading Indicators: `Real Time`
... If one monitors business cycles in real time, he has no necessity for exact dating the turning points but rather for predicting an inevitability of such turning points. Hence, we suppose that an indicator is ’good’ if it gave an alarm signal near the turning points as they are dated now by NBER’s Bu ...
... If one monitors business cycles in real time, he has no necessity for exact dating the turning points but rather for predicting an inevitability of such turning points. Hence, we suppose that an indicator is ’good’ if it gave an alarm signal near the turning points as they are dated now by NBER’s Bu ...
ECONOMIC GROWTH Economic growth occurs when there is an
... kind” e.g. a butcher exchanges some meat with a builder who helps to fix the shop. Transfer payments – these are not included in GDP because they are nonproductive. As a result, a country may not appear to be as well off as it actually is. Sale of existing assets – these are excluded. If you sell a ...
... kind” e.g. a butcher exchanges some meat with a builder who helps to fix the shop. Transfer payments – these are not included in GDP because they are nonproductive. As a result, a country may not appear to be as well off as it actually is. Sale of existing assets – these are excluded. If you sell a ...
Fisher Explained
... wages fall employers are more likely to hire. Why? (1) they are not paying as much in real terms, (2) the price increases help the companies to sell their product for a higher price. The higher prices lead to higher profits, higher profits lead to more hiring. The graph on the bottom right is the in ...
... wages fall employers are more likely to hire. Why? (1) they are not paying as much in real terms, (2) the price increases help the companies to sell their product for a higher price. The higher prices lead to higher profits, higher profits lead to more hiring. The graph on the bottom right is the in ...
Britain and the Global Financial Crisis: The Return of Boom and Bust
... served to increase the sensitivity of demand in the economy to interest rate variations. In other words it allowed the newly independent Bank of England to control inflationary pressures as they arose without pushing interest rates back to anything like the levels they had reached in the 1980s and e ...
... served to increase the sensitivity of demand in the economy to interest rate variations. In other words it allowed the newly independent Bank of England to control inflationary pressures as they arose without pushing interest rates back to anything like the levels they had reached in the 1980s and e ...
Sample quiz 1
... c. rate of inflation minus the nominal interest rate d. nominal interest rate minus the rate of inflation (13) In the classical model with fixed income, if the demand for goods and services is less than the supply, the interest rate will: a. b. c. d. ...
... c. rate of inflation minus the nominal interest rate d. nominal interest rate minus the rate of inflation (13) In the classical model with fixed income, if the demand for goods and services is less than the supply, the interest rate will: a. b. c. d. ...
ISMP_2012_L1_post
... consumption expenditures, is most consistent over the longer run with the Federal Reserve's statutory mandate.” “The maximum level of employment is largely determined by nonmonetary factors that affect the structure and dynamics of the labor market…In the most recent projections, FOMC participants' ...
... consumption expenditures, is most consistent over the longer run with the Federal Reserve's statutory mandate.” “The maximum level of employment is largely determined by nonmonetary factors that affect the structure and dynamics of the labor market…In the most recent projections, FOMC participants' ...
Fiscal Policy
... Is More Stimulus Needed? • Things are looking better, but a double dip or very slow return to trend for GDP is not out of the question. • The recovery of employment is likely to be even slower. • More stimulus, especially if it generates jobs quickly, would likely boost the recovery. • So yes, more ...
... Is More Stimulus Needed? • Things are looking better, but a double dip or very slow return to trend for GDP is not out of the question. • The recovery of employment is likely to be even slower. • More stimulus, especially if it generates jobs quickly, would likely boost the recovery. • So yes, more ...
Stimulus
... 4. The resulting investment changes Y and S = S(Y) is determined. Therefore, investment is a function of the supply price of capital, the rate of interest, and long-term expectations. A decline may occur as a result of an increase in PK, an increase in r, or if the MEC collapses as a result of negat ...
... 4. The resulting investment changes Y and S = S(Y) is determined. Therefore, investment is a function of the supply price of capital, the rate of interest, and long-term expectations. A decline may occur as a result of an increase in PK, an increase in r, or if the MEC collapses as a result of negat ...
Coyote Economist News from the CSUSB Department of Economics
... The recession that started in December of 2007 has not formally ended, according to the National Bureau of Economic Research (NBER). It’s commonly believed that a recession is defined as a period during which real GDP falls for two consecutive quarters. But, it’s not that simple. The NBER’s Business ...
... The recession that started in December of 2007 has not formally ended, according to the National Bureau of Economic Research (NBER). It’s commonly believed that a recession is defined as a period during which real GDP falls for two consecutive quarters. But, it’s not that simple. The NBER’s Business ...
Japan - Euler Hermes
... sales tax rise in Q1 2014. GDP growth should recover in 2015 (+1%) and 2016 (+1.5%). This will be supported by a new round of fiscal stimulus (YEN3.1 tn extra-budget package), very loose monetary policy and lower oil prices in 2015(-35% y/y compared to 2014). The latter will boost GDP growth by +0.2 ...
... sales tax rise in Q1 2014. GDP growth should recover in 2015 (+1%) and 2016 (+1.5%). This will be supported by a new round of fiscal stimulus (YEN3.1 tn extra-budget package), very loose monetary policy and lower oil prices in 2015(-35% y/y compared to 2014). The latter will boost GDP growth by +0.2 ...