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Unit 4 Study Guide
Unit 4 Study Guide

... 2. An organized work stoppage intended to force an employer to address union demands is called  what?  ...
More #PlowHorse in Q3
More #PlowHorse in Q3

... It’s somewhat slower than we expected at the start of the year, but we still expect an acceleration in 2014-15 given loose monetary policy, a downward trend in government spending (relative to GDP), explosive new technology, record high corporate profits, and a forceful housing recovery. Here’s our ...
Liquidity Management and Forecasting
Liquidity Management and Forecasting

... II.2 Impact of The Global Crisis  Shock I: Lower external demand  Shock II: Slowdown in capital inflows: ...
Using the Gross Domestic Product to Measure the Role and Size of
Using the Gross Domestic Product to Measure the Role and Size of

... economy. Over the past 40 years, federal expenditures have averaged 20.7 percent of GDP. Government activities can be financed by current taxes or borrowing (which will necessitate higher future taxes or lower future spending). ... [O]ver the past 40 years, the ratio of federal taxes to GDP has fluc ...
Introduction to Economic Growth and Instability
Introduction to Economic Growth and Instability

... B. Four phases of the business cycle are identified over a several-year period. (See Figure 8-1) 1. A peak is when business activity reaches a temporary maximum with full employment and near-capacity output. 2. A recession is a decline in total output, income, employment, and trade lasting six month ...
Paul Bingham - South Carolina International Trade Conference
Paul Bingham - South Carolina International Trade Conference

... Standard & Poor's was largely ignored by the markets.  There remains massive uncertainty about how the U.S. will cut its long-term debt - to - GDP ratio.  The potential for more damaging political standoffs is high.  Extension of payroll tax cuts and extended unemployment benefits (worth about 1% ...
Government Stimulus and Economic Recovery:
Government Stimulus and Economic Recovery:

... economy should be targeted for assistance, including housing, autos, the poor, the unemployed, the retired, and the like. In the background, helping to fuel and guide the discussions, were statistical models of the economy that are used to estimate the impact of various alternative actions. The mode ...
Keynesian Macroeconomics: Aggregate Demand and the Multiplier
Keynesian Macroeconomics: Aggregate Demand and the Multiplier

... The first two are consciously planned (although plans can change, and typically do during a recession); inventory investment can be unplanned -- if a store fails to sell what it had expected to, it winds up with more inventory than it had expected. Stores with unplanned inventory investment will cut ...
Student Study Guide
Student Study Guide

... a. Monetary policy deals with the manipulation of government spending and taxation. b. Fiscal policy deals with the manipulation of interest rates and the money supply. c. Fiscal policy deals with the manipulation of levels of government spending and taxation. d. Monetary policy deals with both the ...
National Accounts - continuously struggling to catch
National Accounts - continuously struggling to catch

... Fiscal rules meet redefined GDP  Measured GDP is boosted by treating R&D as an asset as well as by other adjustments  At the same time, GDP is the denominator of many ratios of interest to fiscal policy  Actual and potential changes in the definition of GDP ...
7.5 Business Cycle - civisandeconomics
7.5 Business Cycle - civisandeconomics

... II. Monetary Policies A. Monetary Policy- actions The Fed takes to influence level of GDP (value of economic activity in the country) and rate of inflation B. Fiscal Policy – the federal government’s use of spending and taxation policies to affect our economy C. Reserve requirement- amount of money ...
Short paper for Bryon Gaskin ECON201
Short paper for Bryon Gaskin ECON201

... bad, depend a lot on what perspective one looks from. Almost every economic decision will affect some parties in a positive manner and other parties in a negative manner. What is not being disputed is the fact that the inflation is lower than it was when Greenspan took office, and as discussed earli ...
Click www.ondix.com to visit our student-to
Click www.ondix.com to visit our student-to

... breakdown results recession circular flow started again suggested central bank federal reserve system should expand supply this would more people hands through multiplier effect inspire consumer confidence compel them start spending again believed especially severe recession which people hoard matte ...
Big Picture and Bottom Line - First Dakota National Bank
Big Picture and Bottom Line - First Dakota National Bank

... Internationally, the rich nations of the world including those in the European region, Japan and others felt the impacts of the Great Recession through the interconnected global banking sector. During the same time period, emerging nations experienced record economic growth, building infrastructure ...
Economic Ups and Downs: The PowerPoint
Economic Ups and Downs: The PowerPoint

...  Some  people  are  unemployed  simply  because  they  are  changing  jobs,  which  is  called  frictional  unemployment. They have quit one job and have not yet started a new one.     Some people are between jobs because of seasonal fluctuations in demand, which is called seasonal  unemployment.  ...
Document
Document

... Standard was that it prevented global currency devaluation, but it also prevented countries from slight adjustments to maximize economic productivity. • Roosevelt’s advisors believed a flexible system similar to the Gold Standard was needed to prevent another Great Depression. • In short, FDR wanted ...
Fiscal Policy Definitions
Fiscal Policy Definitions

... services, higher government transfers, or lower taxes—reduce the budget balance for that year.  That is, expansionary fiscal policies make a budget surplus smaller or a budget deficit bigger.  Conversely, contractionary fiscal policies—smaller government purchases of goods and services, smaller go ...
chapter overview - Canvas by Instructure
chapter overview - Canvas by Instructure

... A. The price index is used to deflate nominal income into real income. Inflation may reduce the real income of individuals in the economy, but won’t necessarily reduce real income for the economy as a whole (someone receives the higher prices that people are paying). B. Unanticipated inflation has s ...
Aggregate Demand and Supply
Aggregate Demand and Supply

...  Shows an inverse relationship between price level and domestic output  The explanation of the inverse relationship is not the same as for demand for a single product ...
The Most Recent Crisis of Capitalism: To What Extent Will it Impact
The Most Recent Crisis of Capitalism: To What Extent Will it Impact

... These decliners are rather unprecedented. For example, during the recession of 2001, global trade increased by 0.3 per cent. That, of course, was because of the continued export growth in the emerging economies. According to Wynne and Karsting (2009), using the study done by economic historians Barr ...
Test 2
Test 2

... 12. Which of the following would tend to increase the natural rate of unemployment? A) an increase in the education level of the labor force B) more college graduates entering the labor force C) a higher rate of inflation D) lower unemployment benefit payments 13. What does the phrase “jobless reco ...
Against the Odds: Lessons from the Recovery in The Baltics
Against the Odds: Lessons from the Recovery in The Baltics

... in the past and did not experience bank implosions, they had sufficient liquidity to go on their own through the storm. Instead, Latvia run out of money and had to ask the EU and the IMF for help. This was set up jointly with many other partners, in particular the World Bank and the Nordics, very we ...
Unit 7 Trade and the Business Cycle
Unit 7 Trade and the Business Cycle

... 2) Sell stocks at a higher price than they were bought for capital gains  Stocks go up or down in price because people are willing to pay more or less money for them. This decision is based on assumptions about how well the business will do in the future.  Stock Indexes: look at general trends of ...
The Brazilian Political Economy Today
The Brazilian Political Economy Today

... real, including operations with currency derivatives; ...
Discretionary Fiscal Policy
Discretionary Fiscal Policy

... Expect the tax will need to be raised in the future. This can cause the longterm interest rate to rise, restraining current investment spending and canceling out the expansionary effect of the government spending. ...
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Recession

In economics, a recession is a business cycle contraction. It is a general slowdown in economic activity. Macroeconomic indicators such as GDP (gross domestic product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise.Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock or the bursting of an economic bubble. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.
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