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Last day to sign up for AP Exam
Last day to sign up for AP Exam

... counter cyclically to stabilize the economy. • When GDP is down, the tax burden on consumers is low, promoting consumption, increasing AD. • When GDP is up, more tax burden on consumers, discouraging consumption, decreasing AD. ...
ECCU_en.pdf
ECCU_en.pdf

... crisis which manifested themselves through a steep decline in tourist activity, construction, and mining and quarrying. Consumer prices deflated by 0.8% in the first six months of 2009 as commodity prices on the international market fell in the last quarter of 2008. The overall fiscal balances at th ...
Slide 1
Slide 1

... Fed buys Fannie Mae and Freddie Mac Debt Fed Assets tripled between Jan 2008 – Dec 2008. Dramatic move away from short term securities. ...
Republic of Korea
Republic of Korea

... household expenditure and exports, both sectors slumped during the second half due to the impact of the worsening debt crisis in Europe and persistently high inflation which dampened consumption. The real estate market remained flat throughout the year which resulted in a sharp rise in property rent ...
and the Caribbean ▪ 2015      ... Preliminary Overview of the Economies of Latin America
and the Caribbean ▪ 2015 ... Preliminary Overview of the Economies of Latin America

... reserves totalled US$ 39.705 billion in November 2015, and were thus practically back up to the previous year’s level, equating to over six months’ worth of goods and services import cover. There was a net inflow of capital in the second and third quarters of 2015, mainly because of disinvestments a ...
FRBSF  L CONOMIC
FRBSF L CONOMIC

... 2007 onward as revenue fell. It turns out that Oregon’s and California’s budget gaps would have been roughly the same, around 20%. However, Oregon in 2008 curtailed expenditure growth, enacted some notable tax increases, and tapped into its rainy-day fund to reduce its budget gap. On the other hand, ...
A year in retrospect, a decade in prospect
A year in retrospect, a decade in prospect

... varies from less than 100 to around 100,000, figures in the chart use employment outcomes weighted by labour force size. Regional distributions are smoothed using Gaussian kernel density estimation. For presentational clarity, distributions are over-smoothed with windows of 1, 1, ½ and 3/4 selected ...
Current challenges facing the Australian economy
Current challenges facing the Australian economy

... varies from less than 100 to around 100,000, figures in the chart use employment outcomes weighted by labour force size. Regional distributions are smoothed using Gaussian kernel density estimation. For presentational clarity, distributions are over-smoothed with windows of 1, 1, ½ and 3/4 selected ...
Economics Assessment Matching: Board of Governors A. Consists of
Economics Assessment Matching: Board of Governors A. Consists of

... How well the people in general are doing. The general rise in prices that often accompanies economic booms. Economic downturn, or a period of economic contraction when the pace of economic activity and level of economic growth is lessened. It is typically characterized by higher rates of unemploymen ...
The NBER`s Business-Cycle Dating Procedure
The NBER`s Business-Cycle Dating Procedure

... recession, is eleven months. In choosing the dates of business-cycle turning points, the committee follows standard procedures to assure continuity in the chronology. Because a recession influences the economy broadly and is not confined to one sector, the committee emphasizes economy-wide measures ...
Haiti_en.pdf
Haiti_en.pdf

... sterilized the increased liquidity in the economy through net hard currency sales amounting to US$ 66 million. It is estimated that GDP will grow by 2% in 2010, driven by more expansionary public spending aimed at stimulating the economy, as well as the electoral calendar —with legislative elections ...
Unit 4
Unit 4

... • ________ + imitation: When a company creates a new product or discovers a more ________ way of doing business, sales go up + the economy expands. Other businesses then follow. Later, there is a slump + economic activity slows. • _______________: The FED lowers interest rates during a recession to ...
Macro Last Minute Review Student Blank
Macro Last Minute Review Student Blank

... Bank T Accounts and Money Creation For each bank, assets must equal DD = RR = ER = Loans = To create new DDs in the banking system multiply ER times Phillips Curves During the normal business cycle, one moves points on If there is a supply shock, then move Phillips’ initial analysis assumed an inver ...
download soal
download soal

... have been fortunate enough to avoid a firsthand experience, hypothesize what it would have been like if the “primary breadwinner” of your family had been unemployed for 3 months, 6 months, 1 year or longer. 5. Outline precisely how the unemployment rate is computed and discuss any problems that you ...
Israeli GDP per capita
Israeli GDP per capita

... • When the rate of terror incidents is high, output, consumption, investment and exports decline significantly. • In times of terror, non-durable consumption and GNP per capita declined by about 3.2% annually, while exports and investments fell by ...
Aggregate Demand, Supply and Fiscal Policy
Aggregate Demand, Supply and Fiscal Policy

... • Key analytical tool for understanding the macroeconomy • AD = quantity of real GDP that consumers, business & gov’t are willing and able to buy at each price level • AD = C + Ig + G + Xn • Price level and output (GDP) have inverse relationship ...
1 - Oxford Academic - Oxford University Press
1 - Oxford Academic - Oxford University Press

... Co-operation and Development figures, ...
Document
Document

... – The economy stops growing (reached the top) – GDP reaches maximum – Businesses can’t produce any more or hire more people – Cycle begins to contract ...
FRBSF  L CONOMIC
FRBSF L CONOMIC

... with a steeper and more persistent decline in consumption as households try to repair their balance sheets. Since consumption constitutes more than two-thirds of GDP, it is not surprising that losses in output follow a similar pattern. Weakness in incomes and the process of deleveraging put downward ...
HW4 - IS MU
HW4 - IS MU

... b) Now suppose economists allow for crowding out. Would their new estimate of the MPC be larger or smaller? 3. Suppose the economy is in a long-run equilibrium. a) Draw both an aggregate-supply/aggregate-demand diagram and a Phillips-curve diagram with the economy’s short-run and long-run Phillips c ...
The Business Cycle
The Business Cycle

... Not the dollar value of the tomatoes, cheese, flour, pepperonis, and sauce it is made of We would include the dollar value of the Dresser Not the dollar value of the wood, hardware, and glue it is made of ...
Fact sheet on "Economic landscape in Europe"
Fact sheet on "Economic landscape in Europe"

... In fact, European countries such as Greece, Spain and Portugal had been for years relying on debt to finance their government budgets. Massive public debts accumulated had considerably raised the cost of borrowing, leading to the sovereign debt crisis and financial instability. EU finally stepped in ...
Chapter 8
Chapter 8

... • Quantitative easing low interest rates • High corporate taxes • Double taxation on money earned in foreign countries • Interest earned on reserves held at the Fed • Large fines paid to Treasury by big banks • Interest on national debt • Expectation of lower prices • Lengthy and detailed laws ...
What`s Wrong (And Right) With This Recovery
What`s Wrong (And Right) With This Recovery

... • What is going to happen when the unprecedented levels of stimulus are wound down? One third of the $2 trillion in worldwide fiscal stimulus came from the United States. What happens in 2010 when federal stimulus is overcome by state ...
Suriname_en.pdf
Suriname_en.pdf

... has been deliberately tight in order to properly manage the current booming conditions, with revenue expanding more rapidly than spending. During the first half of 2007, total revenue was up 28.7% year on year, while growth of total expenditure was a little below 23%. Direct taxation receipts almost ...
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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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