Austrian Business Cycle Theory and Global Crisis[1]
... FF and the rise in the Case-Shiller Home Price Index (CS). FF is inversely related to CS. The process started with the credit-expansion policy, which caused considerable increases not only in property prices but also in capital goods and stock prices. Commodity price indexes such as energy, industri ...
... FF and the rise in the Case-Shiller Home Price Index (CS). FF is inversely related to CS. The process started with the credit-expansion policy, which caused considerable increases not only in property prices but also in capital goods and stock prices. Commodity price indexes such as energy, industri ...
Chapter23
... output that is demanded of them without requiring an increase in prices. There are two situations that might lead to this “passive” supply response. The first is when the economy has many unemployed resources, both labour and capital. In this case, firms have excess capacity and they can increase ou ...
... output that is demanded of them without requiring an increase in prices. There are two situations that might lead to this “passive” supply response. The first is when the economy has many unemployed resources, both labour and capital. In this case, firms have excess capacity and they can increase ou ...
Practice Problems 9 - YSU
... 6. If the government increases taxes, which of the following will occur in the short run? a. an increase in GDP, an increase in the price level, an increase in money demand, and an increase in the interest rate b. an increase in GDP, an increase in the price level, a decrease in money demand, and an ...
... 6. If the government increases taxes, which of the following will occur in the short run? a. an increase in GDP, an increase in the price level, an increase in money demand, and an increase in the interest rate b. an increase in GDP, an increase in the price level, a decrease in money demand, and an ...
Session 11. GDP statistics by activity
... commentators would consider this to be bad news, a “slow down” in the rate of growth. On the other hand if GDP rose by 3% and then by 9% it would be considered good. In both cases the new level of GDP would be a bit ore than 12% higher than before It all depends on the extent to which you consider c ...
... commentators would consider this to be bad news, a “slow down” in the rate of growth. On the other hand if GDP rose by 3% and then by 9% it would be considered good. In both cases the new level of GDP would be a bit ore than 12% higher than before It all depends on the extent to which you consider c ...
Asset Prices and Monetary Policy
... The asymmetry in this monetary policy proposal is strengthened by the practice of what has been called the “risk management” paradigm. This can be seen as an approach to deal with low-probability events and severe outcomes against which a kind of “insurance” (e.g., via interest rate cuts) has to be ...
... The asymmetry in this monetary policy proposal is strengthened by the practice of what has been called the “risk management” paradigm. This can be seen as an approach to deal with low-probability events and severe outcomes against which a kind of “insurance” (e.g., via interest rate cuts) has to be ...
PRE MOCK EXAMINATION 2014Eco question paper and answer
... True. When the equilibrium price of a good is less than the market price, there will be competition among the sellers because of excess supply prevailing in the market as result of higher price. This competition among the sellers will reduce the price. Which will settle down once again at equilibriu ...
... True. When the equilibrium price of a good is less than the market price, there will be competition among the sellers because of excess supply prevailing in the market as result of higher price. This competition among the sellers will reduce the price. Which will settle down once again at equilibriu ...
tma07 - john p birchall
... The derivation of the AD curve assumed several determinants of demand were held constant and any changes in these would shift the curve. Thus changes in taxation, money supply and government spending can be deliberately used to as policy instruments to shift the demand curve in an attempt to increa ...
... The derivation of the AD curve assumed several determinants of demand were held constant and any changes in these would shift the curve. Thus changes in taxation, money supply and government spending can be deliberately used to as policy instruments to shift the demand curve in an attempt to increa ...
Aggregate Supply and Demand
... Tax collection falls and deficit rises Supply side effective if tax cuts accompanies by spending cuts ...
... Tax collection falls and deficit rises Supply side effective if tax cuts accompanies by spending cuts ...
Movement Along the Aggregate Demand Curve Page 1
... demand curve slop downwards?" The first story concerns consumer spending. How does a rise in price level influence consumer spending? Think about it, when price levels are rising, that means the prices of all goods and services are going up together along with your paycheck. There are some aspects o ...
... demand curve slop downwards?" The first story concerns consumer spending. How does a rise in price level influence consumer spending? Think about it, when price levels are rising, that means the prices of all goods and services are going up together along with your paycheck. There are some aspects o ...
Glossary of Economic Terms
... Macroeconomics The study or analysis of the working of the economy as a whole focussing on economy-wide topics such as economic growth, inflation and the Balance of Payments. An example of a macroeconomic issue would be analysing whether inflation would be expected to rise or fall in the coming year ...
... Macroeconomics The study or analysis of the working of the economy as a whole focussing on economy-wide topics such as economic growth, inflation and the Balance of Payments. An example of a macroeconomic issue would be analysing whether inflation would be expected to rise or fall in the coming year ...
Unanticipated Changes in Aggregate Supply Page 1 of 3
... they experience a short term surge in demand for their products which are relatively under-priced. And finally there’s confusion. Businesses don’t know yet whether these rising prices represent increased demand for their particular products or whether it’s just general economy-wide inflation so they ...
... they experience a short term surge in demand for their products which are relatively under-priced. And finally there’s confusion. Businesses don’t know yet whether these rising prices represent increased demand for their particular products or whether it’s just general economy-wide inflation so they ...
Inflation over 300 years
... Bank clerks—and indeed the Bank’s Chief Cashier—were paid £50 a year in 1694. Increasing this in line with the 400-fold rise in the overall nominal wage index since then would suggest a figure of £20,000 today. In fact graduate entrants into the Bank currently start on a salary around 25% less than ...
... Bank clerks—and indeed the Bank’s Chief Cashier—were paid £50 a year in 1694. Increasing this in line with the 400-fold rise in the overall nominal wage index since then would suggest a figure of £20,000 today. In fact graduate entrants into the Bank currently start on a salary around 25% less than ...
Exam 2 with Answer Key
... c. The labor force would increase and the unemployment rate would decrease. d. The labor force would decrease and the unemployment rate would increase. e. The labor force would increase and the unemployment rate would remain the same. ____ 28. (Repeat your answer on Scantron lines 49 and 50.) Evalua ...
... c. The labor force would increase and the unemployment rate would decrease. d. The labor force would decrease and the unemployment rate would increase. e. The labor force would increase and the unemployment rate would remain the same. ____ 28. (Repeat your answer on Scantron lines 49 and 50.) Evalua ...
Producer Price Index - Statistical Institute of Jamaica
... question “How much more or less does it cost now to purchase the same item as in the base period?” Output PPI An output PPI is a measure of the change in the prices of goods and services sold on the domestic market and output sold as exports. The Price data on finished goods are usually most closely ...
... question “How much more or less does it cost now to purchase the same item as in the base period?” Output PPI An output PPI is a measure of the change in the prices of goods and services sold on the domestic market and output sold as exports. The Price data on finished goods are usually most closely ...
Exam 3 Key - Department of Agricultural Economics
... that the own-price elasticity of domestic demand for wheat is -0.6 and that the own-price elasticity of foreign C 33. Suppose demand is -1.5. Also, suppose that the market share for foreign use of wheat is 30 percent. What is the own-price elasticity of total demand? (a) -1.23 (b) -1.00 (c) -0.87 (d ...
... that the own-price elasticity of domestic demand for wheat is -0.6 and that the own-price elasticity of foreign C 33. Suppose demand is -1.5. Also, suppose that the market share for foreign use of wheat is 30 percent. What is the own-price elasticity of total demand? (a) -1.23 (b) -1.00 (c) -0.87 (d ...
Horizontal Summation for Market Demand Curve
... price. He suggests that the prices are set a lot above the region where most consumers can benefit from the product. If the price is set a bit lower then many consumer can be reached benefitting more profit. In other words the shape of aggregate demand curve can tell us that more profit can be obtai ...
... price. He suggests that the prices are set a lot above the region where most consumers can benefit from the product. If the price is set a bit lower then many consumer can be reached benefitting more profit. In other words the shape of aggregate demand curve can tell us that more profit can be obtai ...
Global Forecast Update - Global Banking and Markets
... concerns over the health of the global economy — the negative impact of sharply lower crude prices on oilproducing companies and countries, the growing strains in the euro zone aggravated by the upcoming Greek elections, the numerous geopolitical challenges internationally, growing disinflationary p ...
... concerns over the health of the global economy — the negative impact of sharply lower crude prices on oilproducing companies and countries, the growing strains in the euro zone aggravated by the upcoming Greek elections, the numerous geopolitical challenges internationally, growing disinflationary p ...
Eco120Int_Lecture4
... 2. An greater increase in prices than expected is a rise in expected inflation. Inflation is a cost for people who save, as inflation means prices of goods in the future are higher, so money saved is worth less. The rise in expected inflation will push up nominal interest rates- to compensate savers ...
... 2. An greater increase in prices than expected is a rise in expected inflation. Inflation is a cost for people who save, as inflation means prices of goods in the future are higher, so money saved is worth less. The rise in expected inflation will push up nominal interest rates- to compensate savers ...
No: 2008-05 25 February 2008
... quite significant rise, in both annual and quarterly terms, during OctoberDecember period. Even though automobile sales in January were down from December, they still increased by 37.7 percent in annual terms. 10. Although the relative price effect stimulates demand in industries like consumer durab ...
... quite significant rise, in both annual and quarterly terms, during OctoberDecember period. Even though automobile sales in January were down from December, they still increased by 37.7 percent in annual terms. 10. Although the relative price effect stimulates demand in industries like consumer durab ...
Chapter 7: Introduction to Business Cycles
... If chapters 4, 5, and 6 gave a complete picture of how the macroeconomy behaved, economic growth would be smooth. Real GDP would grow by 2.5 percent per year--the rate of growth of potential GDP--year after year, not just on average. The unemployment rate would remain steady at its natural rate of 5 ...
... If chapters 4, 5, and 6 gave a complete picture of how the macroeconomy behaved, economic growth would be smooth. Real GDP would grow by 2.5 percent per year--the rate of growth of potential GDP--year after year, not just on average. The unemployment rate would remain steady at its natural rate of 5 ...
Multiple Choices Questions (75%, 3% each) 需求 In the above figure
... third month. C) inflation was less rapid between the first and second month than between the second and third month. ...
... third month. C) inflation was less rapid between the first and second month than between the second and third month. ...
BANK OF ISRAEL Office of the Spokesperson and Economic
... higher per capita GDP, we would expect higher wages, and therefore, for example, the price of a haircut will be higher than in a country with a lower salary. Another difficulty derives from the fact that the comparison is of a product in different currencies. The exchange rate set by the foreign cur ...
... higher per capita GDP, we would expect higher wages, and therefore, for example, the price of a haircut will be higher than in a country with a lower salary. Another difficulty derives from the fact that the comparison is of a product in different currencies. The exchange rate set by the foreign cur ...
President’s Report Board Directors
... Data released since your last Directors' meeting show the economy was stronger in the fourth quarter than originally estimated, but recent data suggest growth will slow in the first quarter. General economic conditions have shifted a bit recently, as labor markets and consumer attitudes have improve ...
... Data released since your last Directors' meeting show the economy was stronger in the fourth quarter than originally estimated, but recent data suggest growth will slow in the first quarter. General economic conditions have shifted a bit recently, as labor markets and consumer attitudes have improve ...
2000s commodities boom
The 2000s commodities boom or the commodities super cycle was the rise in many physical commodity prices (such as those of food stuffs, oil, metals, chemicals, fuels and the like) which occurred during the decade of the 2000s (2000–2009), following the Great Commodities Depression of the 1980s and 1990s. The boom was largely due to the rising demand from emerging markets such as the BRIC countries, as well as the result of concerns over long-term supply availability. There was a sharp down-turn in prices during 2008 and early 2009 as a result of the credit crunch and sovereign debt crisis, but prices began to rise as demand recovered from late 2009 to mid-2010. Oil began to slip downwards after mid-2010, but peaked at $101.80 on 30 and 31 January 2011, as then Egyptian political crisis and rioting broke out, leading to concerns over both the safe use of the Suez Canal and over all security in Arabia itself. On 3 March, Libya's National Oil Corp said that output had halved due to the departure of foreign workers. As this happened, Brent Crude surged to a new high of above $116.00 a barrel as supply disruptions and potential for more unrest in the Middle East and North Africa continued to worry investors. Thus the price of oil kept rising into the 2010s. The commodities super-cycle peaked in 2011, ""driven by a combination of strong demand from emerging nations and low supply growth."" Prior to 2002, only 5 to 10 per cent of trading in the commodities market was attributable to investors. Since 2002 ""30 per cent of trading is attributable to investors in the commodities market"" which ""has caused higher price volatility.""