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Macroeconomic Policy in Japan
Macroeconomic Policy in Japan

... – Pursue expansionary monetary policy by first having the BoJ print yen to buy government debt then purchase as many assets as possible until inflationary expectations rise ...
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Chapter 5 Production, Income and Employment

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Real GDP Calculation - Richard E. Haskell, Ph.D.

... d) What is the percentage change in GDP from 2000 to 2010? The reason we want to compare real GDP rates is to strip away the effects of inflation and compare like with like. In this case we see that real GDP2010 is greater than real GDP2000. So we can further calculate the GDP growth rate for the 10 ...
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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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