AP Macro 2-2 The Business Cycle
... A Recession is 6 month period of decline in output, income, employment, and trade. (If really bad…then depression)5 ...
... A Recession is 6 month period of decline in output, income, employment, and trade. (If really bad…then depression)5 ...
Barbados_en.pdf
... experienced lacklustre growth with a projected increase in real output of 1% for 2011. The tourism sector was the principal driver of this recovery with a significant influx of stay-over visitors. Weak growth in the global economy led to a slight rise in inflation rates, but this was offset by an up ...
... experienced lacklustre growth with a projected increase in real output of 1% for 2011. The tourism sector was the principal driver of this recovery with a significant influx of stay-over visitors. Weak growth in the global economy led to a slight rise in inflation rates, but this was offset by an up ...
Name - Instructure
... change aggregate demand and, occasionally, adverse supply shocks which change aggregate supply. Investment spending is subject to wide variations, and a “multiplier effect” magnifies these changes into even greater changes in aggregate demand, which can cause demand-pull inflation in the forward dir ...
... change aggregate demand and, occasionally, adverse supply shocks which change aggregate supply. Investment spending is subject to wide variations, and a “multiplier effect” magnifies these changes into even greater changes in aggregate demand, which can cause demand-pull inflation in the forward dir ...
Lesson 4- Macroeconomics Macroeconomics—the study of Review
... Macroeconomics is also often referred to as the study of economies at the ______________________ level. Aggregate is the whole formed by combining several elements such as unemployment, national income, rate of growth, _______________________ and price levels. In Macroeconomics we are looking at the ...
... Macroeconomics is also often referred to as the study of economies at the ______________________ level. Aggregate is the whole formed by combining several elements such as unemployment, national income, rate of growth, _______________________ and price levels. In Macroeconomics we are looking at the ...
The Reagan “Revolution”
... • Defeated inflation (by supporting Fed Reserve’s tight monetary policy and with good fortune of low oil prices) • Inaugurated longest continuous period of expansion in American history 1983present (with brief interruption in 1990-91) • Halted expansion of fed govt spending • Halted rise in tax burd ...
... • Defeated inflation (by supporting Fed Reserve’s tight monetary policy and with good fortune of low oil prices) • Inaugurated longest continuous period of expansion in American history 1983present (with brief interruption in 1990-91) • Halted expansion of fed govt spending • Halted rise in tax burd ...
Mexican Financial Crisis - Department of Biological Sciences
... Mexican Financial Crisis The “Lost Decade” 1980’s and the “Tequila Effect” 1994 ...
... Mexican Financial Crisis The “Lost Decade” 1980’s and the “Tequila Effect” 1994 ...
Uruguay_en.pdf
... The real effective exchange rate, in turn, fell by 5.6% in the 12 months up to October. In sectoral terms, the GDP growth seen in the first half of 2009 (1.5% compared to the same period in 2008) was led by the transportation, communications, services and construction sectors, while the industrial s ...
... The real effective exchange rate, in turn, fell by 5.6% in the 12 months up to October. In sectoral terms, the GDP growth seen in the first half of 2009 (1.5% compared to the same period in 2008) was led by the transportation, communications, services and construction sectors, while the industrial s ...
Broad Social Goals of Economic Systems
... must increase the number of goods/services produced each year. Target annual growth rate of 3-4 percent in real GDP is reasonable and sustainable goals. • Economic growth is closely related to other broad social goals. (Ex. Can lead to more jobs and lower levels of unemployment, greater economic eff ...
... must increase the number of goods/services produced each year. Target annual growth rate of 3-4 percent in real GDP is reasonable and sustainable goals. • Economic growth is closely related to other broad social goals. (Ex. Can lead to more jobs and lower levels of unemployment, greater economic eff ...
Jamaica_en.pdf
... completely offset by a huge expansion in the import bill, which represented approximately 55% of GDP by June. Such a development is due to the steep increase in expenditure on fuel, food and chemical imports. Consequently, the accumulated trade deficit amounted to the equivalent of 35% of GDP during ...
... completely offset by a huge expansion in the import bill, which represented approximately 55% of GDP by June. Such a development is due to the steep increase in expenditure on fuel, food and chemical imports. Consequently, the accumulated trade deficit amounted to the equivalent of 35% of GDP during ...
Macro Economics Test 2
... 3. Low Inflation Rate Micro: study of individuals, single firm and single industry Macro: Economy as a whole Gross (Total) Domestic Product Geography Matters Final value of Goods & Services produce in an economy in a period of time Gross National Product Nationality Matters Final value of ...
... 3. Low Inflation Rate Micro: study of individuals, single firm and single industry Macro: Economy as a whole Gross (Total) Domestic Product Geography Matters Final value of Goods & Services produce in an economy in a period of time Gross National Product Nationality Matters Final value of ...
Decoupled from world economic activity (Press Release, short version) (PDF, 150 KB)
... number of unemployed will probably be 225,000 higher than in 2004, taking into account the effects of the Hartz IV reforms. This means that with the introduction of the unemployment benefit reforms, official unemployment will increase by 140,000, without taking second-round effects into account. The ...
... number of unemployed will probably be 225,000 higher than in 2004, taking into account the effects of the Hartz IV reforms. This means that with the introduction of the unemployment benefit reforms, official unemployment will increase by 140,000, without taking second-round effects into account. The ...
Panama_en.pdf
... with the expected high rates of growth, this should push the debt down to below 40% of GDP in 2011 compared with 42.4% in 2010. Inflation measured by the consumer price index was 4.1% higher in October 2010 than in October 2009, driven by food and fuel prices. The largest increases were in transport ...
... with the expected high rates of growth, this should push the debt down to below 40% of GDP in 2011 compared with 42.4% in 2010. Inflation measured by the consumer price index was 4.1% higher in October 2010 than in October 2009, driven by food and fuel prices. The largest increases were in transport ...
Leumi Economic Weekly
... The data, information, opinions and forecasts published in this publication (the “Information”) are furnished as a service to the readers and do not necessarily reflect the official position of the Bank. The above should not be seen as a recommendation and should not replace the independent discreti ...
... The data, information, opinions and forecasts published in this publication (the “Information”) are furnished as a service to the readers and do not necessarily reflect the official position of the Bank. The above should not be seen as a recommendation and should not replace the independent discreti ...
Unit 2
... . Y; where M is the money supply, V the velocity of circulation of money, P the overall level of prices, Y the real GDP V tends to be stable over time An increase in M leads to an increase in P Then, inflation is always and everywhere a monetary phenomenon ...
... . Y; where M is the money supply, V the velocity of circulation of money, P the overall level of prices, Y the real GDP V tends to be stable over time An increase in M leads to an increase in P Then, inflation is always and everywhere a monetary phenomenon ...
Mexico_en.pdf
... Inflation, 12-month variation; unemployed as a percentage of the economically active population ...
... Inflation, 12-month variation; unemployed as a percentage of the economically active population ...
Sosa, McGwire, and Greenspan
... much longer and more amazing economic phenomenon • 1999 will be 17th year of The Long Boom • Includes not only the first, but also the second longest peacetime expansion in U.S. history – 1990s (now 95 months), – 1980s (92 months) • Recession in between was short and mild ...
... much longer and more amazing economic phenomenon • 1999 will be 17th year of The Long Boom • Includes not only the first, but also the second longest peacetime expansion in U.S. history – 1990s (now 95 months), – 1980s (92 months) • Recession in between was short and mild ...
Inflation
... – worst type, out of control - could go up to 500% a month - leads to economic collapse ...
... – worst type, out of control - could go up to 500% a month - leads to economic collapse ...
The global financial crisis - III: What remedy?
... $1 trillion of losses remaining to be taken on these toxic assets. By contrast, the proposed nearly trillion dollar stimulus package to reflate the US economy is a ‘dog’s break- ...
... $1 trillion of losses remaining to be taken on these toxic assets. By contrast, the proposed nearly trillion dollar stimulus package to reflate the US economy is a ‘dog’s break- ...
Uruguay_en.pdf
... (-5.1% of GDP), although the second quarter numbers for 2013 showed an improvement, primarily due to fewer purchases of foreign energy products. There was a sharp increase in the accumulation of capital in the financial account (largely on the back of rising foreign direct investment in the private ...
... (-5.1% of GDP), although the second quarter numbers for 2013 showed an improvement, primarily due to fewer purchases of foreign energy products. There was a sharp increase in the accumulation of capital in the financial account (largely on the back of rising foreign direct investment in the private ...
Second quiz with answers
... Price levels increase over time, but the real value of all final goods is not increasing over time. ...
... Price levels increase over time, but the real value of all final goods is not increasing over time. ...
Honduras_en.pdf
... The fiscal position remains a cause for concern, with ECLAC estimating the central government deficit for 2013 to be between 6.0 and 6.5%. Total central government revenue from January to September 2013 was up 7.0% on the same period in 2012. Little change in the tax burden relative to GDP is expect ...
... The fiscal position remains a cause for concern, with ECLAC estimating the central government deficit for 2013 to be between 6.0 and 6.5%. Total central government revenue from January to September 2013 was up 7.0% on the same period in 2012. Little change in the tax burden relative to GDP is expect ...
The Swedish Banking Crisis of 1991
... became bankrupt. “Finance companies”, less regulated intermediaries, majority went bankrupt during Nov. 1991-March 1992. Crisis management 1. The government rescued the 2 big banks. 2. Unlimited depositor guarantee issued by the government. ...
... became bankrupt. “Finance companies”, less regulated intermediaries, majority went bankrupt during Nov. 1991-March 1992. Crisis management 1. The government rescued the 2 big banks. 2. Unlimited depositor guarantee issued by the government. ...
Beginning Activity
... octillion to 1 because it printed money to pay its bills. – What currency rule does that violate? ...
... octillion to 1 because it printed money to pay its bills. – What currency rule does that violate? ...
Early 1980s recession
The early 1980s recession describes the severe global economic recession affecting much of the developed world in the late 1970s and early 1980s. The United States and Japan exited the recession relatively early, but high unemployment would continue to affect other OECD nations through to at least 1985. Long-term effects of the recession contributed to the Latin American debt crisis, the savings and loans crisis in the United States, and a general adoption of neoliberal economic policies throughout the 1980s and 1990s.