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Principles of Macroeconomics
Principles of Macroeconomics

... many students, and indeed people from all walks of life, to tune into economic events as never before to try to understand the economic world around them. So, while we as economists have the public’s attention, we see an opportunity to share economics principles and the economic way of thinking in a ...
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... entrepreneurship in theoretical frameworks [2]. Economic policies cannot affect the business cycle directly but require intermediary targets, such as taxation and unemployment policies. In a sluggish labor market, regulations provide little leverage to combat unemployment or attract new businesses. ...
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... the changes in the CAPB supports the existence of non-Keynesian effects. On the other hand, several papers take issue with the results of the aforementioned empirical studies. First, the results can be plagued by selection bias, measurement error, spurious correlations, or simultaneity issues when i ...
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... Authorized for distribution by March 2010 Abstract This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the institutions with which the authors are affiliated. Wo ...
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... all DAC donors recommitting to reach 0.7% of GNI in ODA, by 2020, which could mobilise an additional US$250 billion a year, bringing ODA to around US$400 billion; South-South cooperation providers accelerating increases in concessional flows. These rose by 300% during 2000-15, and a similar increase ...
Chapter 7--Unemployment and Inflation
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... 22. If top government officials claim that "more people are working now than ever before," which of the following must be true? a. The unemployment rate is lower now than ever before. b. The number of people unemployed is lower now than ever before. c. The employment rate is higher now than ever bef ...
Chapter 13: Basic Keynesian Economics
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... unemployment would not last very long. Since unemployment rates would fall automatically, there was no need for any government action to lower them. But rates of cyclical unemployment had been very high from 1929 until the beginning of World War II in 1941. In the previous chapter, Keynes’ criticism ...
Chapter 8—Unemployment and Inflation
Chapter 8—Unemployment and Inflation

... 21. If top government officials claim that "more people are working now than ever before," which of the following must be true? a. The unemployment rate is lower now than ever before. b. The number of people unemployed is lower now than ever before. c. The employment rate is higher now than ever bef ...
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Macroeconomics Principles
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... 3.0/) license. See the license for more details, but that basically means you can share this book as long as you credit the author (but see below), don't make money from it, and do make it available to everyone else under the same terms. This book was accessible as of December 29, 2012, and it was d ...
the impact of the fiscal policy transmission mechanism on economic
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... activity considering the fiscal stance and the state of the economy. In the first sub-part, the results of the analysis generally confirm that the fiscal policy in most euro-area member states became more expansionary in the period after entering the EMU. Moreover, I might also conclude the average ...
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June 2014 | No. 90 A TAYLOR RULE FOR FISCAL POLICY IN A
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Aggregate Supply and Aggregate Demand
Aggregate Supply and Aggregate Demand

... business depends on anticipating the market. You can get rich if you supply products or services that consumers want, when they want them, or if you correctly anticipate where stock prices or real estate values are going. This chapter examines the choices not behind the hockey performance outcomes o ...
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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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