Alex He - ESL 100 - Professor Chocos
... after price adjustment, they stoped their farm business and made the big shortage of food supply. It was a chain reaction of the crash of the whole nation’s economy. It goes without saying that the value of labor force got lower and lower, because many people were out of work. And for a job, these ...
... after price adjustment, they stoped their farm business and made the big shortage of food supply. It was a chain reaction of the crash of the whole nation’s economy. It goes without saying that the value of labor force got lower and lower, because many people were out of work. And for a job, these ...
as macro key term glossary - School
... A combination of slow economic growth and rising inflation, can lead to stagflation. The most notable recent period of stagflation occurred during the 1970s, when world oil prices rose dramatically, and UK inflation rose at one point to nearly 30 per cent. ...
... A combination of slow economic growth and rising inflation, can lead to stagflation. The most notable recent period of stagflation occurred during the 1970s, when world oil prices rose dramatically, and UK inflation rose at one point to nearly 30 per cent. ...
Chap010
... • World War II greatly increased the demand for goods and services and ended the Great Depression. • Output grew by 19% in 1942 and the economy reached full employment. ...
... • World War II greatly increased the demand for goods and services and ended the Great Depression. • Output grew by 19% in 1942 and the economy reached full employment. ...
Macroeconomics Vocabulary Quiz
... 1. The total amount of goods and services consumers are willing to buy a. Demand b. Supply c. Aggregate demand d. Aggregate supply 2. The total supply of all the goods and services available in an economy a. Demand b. Supply c. Aggregate demand d. Aggregate supply 3. An economic measure of inflation ...
... 1. The total amount of goods and services consumers are willing to buy a. Demand b. Supply c. Aggregate demand d. Aggregate supply 2. The total supply of all the goods and services available in an economy a. Demand b. Supply c. Aggregate demand d. Aggregate supply 3. An economic measure of inflation ...
FedViews
... holiday sales were brisk. Sales of light vehicles continued their steady rise following sharp declines during the recession. Real personal consumption expenditures likely increased at about a 4% annual rate in the fourth quarter of 2010. An increase in net exports looks to make a large positive cont ...
... holiday sales were brisk. Sales of light vehicles continued their steady rise following sharp declines during the recession. Real personal consumption expenditures likely increased at about a 4% annual rate in the fourth quarter of 2010. An increase in net exports looks to make a large positive cont ...
Unit #9 Study Guide Chapters 25-28 Read (Brinkley) p. 666
... o Factors contributing to stock market crash? o Memorize date: October 29, 1929 o Economic impacts of the Depression o How did the depression impact specific groups: African Americans, Latinos, Women o Depression era literature: Major figures/famous works o Why does Hoover take the blame for the Dep ...
... o Factors contributing to stock market crash? o Memorize date: October 29, 1929 o Economic impacts of the Depression o How did the depression impact specific groups: African Americans, Latinos, Women o Depression era literature: Major figures/famous works o Why does Hoover take the blame for the Dep ...
Great_Depression - Miami Beach Senior High School
... and greatly lessoned Europe’s Ability to buy us products & pay back $$ owned to USA. 7. High tariff taxes on trade hurt the flow of goods between nations. 8. The MOST IMPORTANT and IMMEDIATE cause was the catastrophic stock market CRASH that starts in October 29, 1929. Differences from other Depress ...
... and greatly lessoned Europe’s Ability to buy us products & pay back $$ owned to USA. 7. High tariff taxes on trade hurt the flow of goods between nations. 8. The MOST IMPORTANT and IMMEDIATE cause was the catastrophic stock market CRASH that starts in October 29, 1929. Differences from other Depress ...
+ PEAK
... When an expansion is ending and the economy will proceed to a contraction, the peak occurs. A recession begins when the economy reaches a peak: the point where GDP stops going up. ...
... When an expansion is ending and the economy will proceed to a contraction, the peak occurs. A recession begins when the economy reaches a peak: the point where GDP stops going up. ...
Stagflation is unique situation where there is high
... itself is a difficult situation for any country. This is why stagflation is so dangerous. Imagine a scenario in which you have both a sinking economy and runaway inflation. With high unemployment, consumers have less money to spend. Add inflation, and the money they do have is worth less and less ev ...
... itself is a difficult situation for any country. This is why stagflation is so dangerous. Imagine a scenario in which you have both a sinking economy and runaway inflation. With high unemployment, consumers have less money to spend. Add inflation, and the money they do have is worth less and less ev ...
Eastern Caribbean Currency Union_en.pdf
... contracted to EC$ 11.9 billion, a 2.3% drop on the same period in 2013. This was primarily due to a reduction in credit to the private sector, which contracted by 1.2%, as outstanding credit across the manufacturing (9%), mining and quarrying (9%), tourism (3.7%) and construction (2.8%) sectors decl ...
... contracted to EC$ 11.9 billion, a 2.3% drop on the same period in 2013. This was primarily due to a reduction in credit to the private sector, which contracted by 1.2%, as outstanding credit across the manufacturing (9%), mining and quarrying (9%), tourism (3.7%) and construction (2.8%) sectors decl ...
Macroeconomics - University of Oxford
... • Since 1997 longest post-war recession: 6 quarters of negative growth. • Four quarter recession in 2001. • Now growing slower than other OECD. • A large part of the decline is from productivity performance. ...
... • Since 1997 longest post-war recession: 6 quarters of negative growth. • Four quarter recession in 2001. • Now growing slower than other OECD. • A large part of the decline is from productivity performance. ...
Economic wants - Teacher Pages
... 2. Amount of goods sole by stores in a region of a country? 3. The business outlook for later this year? ...
... 2. Amount of goods sole by stores in a region of a country? 3. The business outlook for later this year? ...
Booms and busts, the accelerator, and Keynesian fiscal policy
... • Thus, monetarists criticize demandmanagement as “the wrong cure for the wrong disease.” ...
... • Thus, monetarists criticize demandmanagement as “the wrong cure for the wrong disease.” ...
Superpower drill - Newton Blog
... By 1918 in the UK, there was significant post-war debt, the population was devastated, and there was massive internal dissent. Within a few years, the empire started splitting up. The 1920s are sometimes referred to as the ‘Roaring Twenties’, but for the UK economy they were a period of depression, ...
... By 1918 in the UK, there was significant post-war debt, the population was devastated, and there was massive internal dissent. Within a few years, the empire started splitting up. The 1920s are sometimes referred to as the ‘Roaring Twenties’, but for the UK economy they were a period of depression, ...
Cost – Benefit Analysis
... GDP is created by firms, can be divided into consumption, investments, government purchases and net exports ...
... GDP is created by firms, can be divided into consumption, investments, government purchases and net exports ...
20140416 Budgeting and Macro Policy
... – So in the short run—which lasts as long as unemployment is substantially elevated—the government should spend more – And perhaps the government should tax less as a way of cajoling private-sector households to spend more—but that is less certain and sure ...
... – So in the short run—which lasts as long as unemployment is substantially elevated—the government should spend more – And perhaps the government should tax less as a way of cajoling private-sector households to spend more—but that is less certain and sure ...
personal finance - De Smet Jesuit High School
... iii. Future earnings will not be as high in the future as they are today. iv. Investors will invest in interest paying investments such as money markets, cd’s, and bonds because interest rates are higher. g. Federal Funds Rate: this is the rate the Fed charges normal banks to borrow money. They then ...
... iii. Future earnings will not be as high in the future as they are today. iv. Investors will invest in interest paying investments such as money markets, cd’s, and bonds because interest rates are higher. g. Federal Funds Rate: this is the rate the Fed charges normal banks to borrow money. They then ...
chapter 13 - Ken Farr (GCSU)
... a. The fastest growing economies in the world are mostly less-developed countries. b. The fastest growing economies in the world (those with annual real growth rates of 3.5 percent or more) are mostly high-income industrial countries. c. The slowest growing countries in the world, many of which are ...
... a. The fastest growing economies in the world are mostly less-developed countries. b. The fastest growing economies in the world (those with annual real growth rates of 3.5 percent or more) are mostly high-income industrial countries. c. The slowest growing countries in the world, many of which are ...
- eSocialSciences
... As the Budget season draws up on us, what is the real state of the economy? The official GDP numbers should give cause for satisfaction, since they point to a second year of growth exceeding seven per cent, despite successive droughts. But there is no shortage of people who feel and sometimes argue ...
... As the Budget season draws up on us, what is the real state of the economy? The official GDP numbers should give cause for satisfaction, since they point to a second year of growth exceeding seven per cent, despite successive droughts. But there is no shortage of people who feel and sometimes argue ...
Thinking like an economist - Pearson Schools and FE Colleges
... Effects on long-run aggregate supply Some economists argue that deep recessions lead to a permanently lower level of actual output from what it would otherwise have been had there been no recession. The long-run aggregate supply curve is shifted to the left. Once the economy recovers, it never catch ...
... Effects on long-run aggregate supply Some economists argue that deep recessions lead to a permanently lower level of actual output from what it would otherwise have been had there been no recession. The long-run aggregate supply curve is shifted to the left. Once the economy recovers, it never catch ...
How Would Modern Macroeconomic Schools of Thought Respond
... rate of the money supply instead of controlling interest rates. Initially, the Fed reduced its interest rate target, the federal funds rate. However, beginning in mid-September 2008, the Fed began to dramatically increase the monetary base, from $850 billion to 1.75 trillion in January 2009. As Dan ...
... rate of the money supply instead of controlling interest rates. Initially, the Fed reduced its interest rate target, the federal funds rate. However, beginning in mid-September 2008, the Fed began to dramatically increase the monetary base, from $850 billion to 1.75 trillion in January 2009. As Dan ...
Long Depression
The Long Depression was a worldwide price recession, beginning in 1873 and running through the spring of 1879. It was the most severe in Europe and the United States, which had been experiencing strong economic growth fueled by the Second Industrial Revolution in the decade following the American Civil War. The episode was labeled the ""Great Depression"" at the time, and it held that designation until the Great Depression of the 1930s. Though a period of general deflation and a general contraction, it did not have the severe economic retrogression of the Great Depression.It was most notable in Western Europe and North America, at least in part because reliable data from the period are most readily available in those parts of the world. The United Kingdom is often considered to have been the hardest hit; during this period it lost some of its large industrial lead over the economies of Continental Europe. While it was occurring, the view was prominent that the economy of the United Kingdom had been in continuous depression from 1873 to as late as 1896 and some texts refer to the period as the Great Depression of 1873–96.In the United States, economists typically refer to the Long Depression as the Depression of 1873–79, kicked off by the Panic of 1873, and followed by the Panic of 1893, book-ending the entire period of the wider Long Depression. The National Bureau of Economic Research dates the contraction following the panic as lasting from October 1873 to March 1879. At 65 months, it is the longest-lasting contraction identified by the NBER, eclipsing the Great Depression's 43 months of contraction.In the US, from 1873–1879, 18,000 businesses went bankrupt, including 89 railroads. Ten states and hundreds of banks went bankrupt. Unemployment peaked in 1878, long after the panic ended. Different sources peg the peak unemployment rate anywhere from 8.25% to 14%.