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Your search returned over 400 essays for "macro economics"
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Micro and Macro Economics - Economics is basically the understanding of how different economies function. Economics is the study of how to best allocate scarce resources among competing uses. Scarcity in the economy is the main problem. There are not enough resources to keep up with the demand for them. Within the discipline of economics, there are two areas of study: Micro and Macro Economics. Microeconomics is the study of an individual economy, or of the different segments within the larger economy, while macroeconomics is the study of aggregate economic behavior, or the economy as a whole(Madura 103)....   [tags: Economics Essays] 569 words
(1.6 pages)
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Divisions of The Field of Economics - ... Micro economists believe it is the forces of supply and demand in any market eliminate any shortages or surpluses in that market. Using Adam Smith's "invisible hand" metaphor, competitive markets will provide the most efficient distribution of resources. Macroeconomics focuses on shifts in the business cycle, and the implications of these movements in economic growth, inflation, recession, productivity, budget deficits, trade deficits, and the value of our currency. Macroeconomists believe that the broader economy, composed of many goods and services will not always self-correct....   [tags: micro economics, macro economics] 1401 words
(4 pages)
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Macro Economics - Macro Economics 1. Developing a model of an economy means answering the question(s) of: a. what to produce. b. how to produce. c. for whom to produce. d. what to produce, how to produce and for whom to produce. e. Only what to produce and how to produce, since distribution is not the task of economics. 2. Every year during the holidays there seems to be a great demand for some particular "hot" toy. This is an example of the effect of _________ on demand. a. tastes and preferences b. expectations c. income d. prices of other goods e. wealth 3. A market is in equilibrium when there is: a. excess demand....   [tags: essays papers] 4197 words
(12 pages)
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The Current Account Deficit - Macro Economics Project Executive Summary Balance of Payment BoP, also known as balance of international payments, deals with an economy’s transactions with the rest of the world, for a specified time period. It involves goods, services and income, financial claims and liabilities and transfers such as gifts and foreign aid. Balance of Payment involves two kinds of accounts – Trade balance, or for India’s case, Trade Deficit, is a major component of Current Account Deficit. It the output in the economy can be characterised as Y, below equations can be derived as follows: Y = C + I + G + NX NX=Y– (C+ I + G ) NX = (Y– C– G ) – I = S – I Where, C: Consumption; I: Inve...   [tags: macro economics project] 2807 words
(8 pages)
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Macro-Environmental Analysis - In analyzing the macro-environment, it is important to identify the factors that might in turn affect a number of vital variables that are likely to influence the organization's supply and demand levels and its costs (Kotter and Schlesinger, 1991; Johnson and Scholes, 1993). The "radical and ongoing changes occurring in society create an uncertain environment and have an impact on the function of the whole organization" (Tsiakkiros, 2002). A number of checklists have been developed as ways of cataloguing the vast number of possible issues that might affect an industry....   [tags: Economics Macro Analysis Research Paper] 1056 words
(3 pages)
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The Virgin Atlantic - ... In fact, the local people themselves will need to compete with foreign workers to get the job. Hotels for example, will be built and increased from time to time. Other than that, there’s another effort that has been doing by Virgin Group on aviation industry especially Virgin Blue. They was looking as far and give attention to the side of work management as their low-cost airlines strategies. The implementation of the works management strategies was included to all among the staff which was to improve their reputation on aviation industry....   [tags: companies, micro economic, macro economics, ] 1707 words
(4.9 pages)
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Policy Makers in Hong Kong - Introduction The purpose of this paper is trying to find out the main strategic priorities for policy makers of the chosen city: Hong Kong, China, to strong and development sustainably the economic and planning over the next 20 years. As the urban economy is a key factor of city planning, so the changing of city economy would affect the social, political and commercial life in a city. This essay would select Hong Kong as a study object to think about policy and planning for a city, which provide a practical exercise that might be encountered in the further under professional practice....   [tags: China, urban economy, macro-economics policy]
:: 5 Works Cited
2604 words
(7.4 pages)
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Impact of Oil Prices and Other Macro Economic Variables on GDP - 1. Abstract The objective of the study is to measure the impact of changing oil prices, and other macro economic variables like consumption, government expenditures and average exchange rates on Gross Domestic Product-GDP in the context of Pakistan’s economy. The study is secondary data based and the observation is 150 with five variables and 30 years of data. The data is taken from World Bank, Inflationdata.com, State Bank of Pakistan, Economic Survey of Pakistan, Federal Reserve Bank of America, Federal Bureau of Statistics Pakistan, Pakistan Development Review, Federal Board of Revenue, OPEC and Euro Journal....   [tags: Economics ]
:: 10 Works Cited
3773 words
(10.8 pages)
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Measuring the Impact of Changing Oil Prices and other Macro Economic Variables on GDP in the Context of Pakistan’s Economy - The objective of the study is to measure the impact of changing oil prices, and other macro economic variables like consumption, government expenditures and average exchange rates on Gross Domestic Product-GDP in the context of Pakistan’s economy. The study is secondary data based with five variables and 30 years of data. The data is taken from World Bank, State Bank of Pakistan, Economic Survey of Pakistan, Federal Reserve Bank of America, Federal Bureau of Statistics Pakistan, Pakistan Development Review, Federal Board of Revenue, OPEC and Euro Journal....   [tags: Economics ]
:: 10 Works Cited
2069 words
(5.9 pages)
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What is Economics? - ... Microsoft and Sony compete for the same customers in the market for video games and etc. It is actually misled when thinking about competition between countries. Trade between the two countries is not like a sports contest in which one side wins and the other side loses. In fact, the opposite is true: Trade between two countries can make each country better off. Why. A country can not be better off if it isolated itself from other countries, trade allows each country to specialize in the areas it does best, perhaps it is farming, oil industry, or information technology....   [tags: trade-offs, income, unemployment] 616 words
(1.8 pages)
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Economics Assesment Task 2010 - Synopsis: In 2009, the world experienced a Global Financial Crisis (GFC) which caused recession in most advanced nations around the world. In an effort to combat this, the Australian Government created a Stimulus Package to increase aggregate demand. The treasurer, Wayne Swan proposed that $42 billion would be given to both individuals and businesses to lessen the impact of a recession. The package included a one off $950 payment to low and middle-income families, individuals, famers, students and other groups....   [tags: Economics ] 2385 words
(6.8 pages)
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Macro View on Gender Discrimination - Prologue of the study: a macro view Gender discrimination is a one of the burning issues that social science academia across the globe is concerned about not only for academic research but also view as a societal problem. Non-academic intelligentsia ranging from research institutes, policy studies body to government authorities are also not in lack of interest in this sector. Many operational features of gender discrimination have been identified regionally and globally, of which organizational focus has been a recent phenomena....   [tags: social science, labor, women, sociology]
:: 15 Works Cited
1102 words
(3.1 pages)
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Statement of Purpose for a Masters' of Science in Economics in South Dakota State University - This statement mainly focuses in brief on my intention, aspiration and objectives of why I want to get admitted in M.S. under the Department of Economics, especially in South Dakota State University. From my childhood, I noticed how the people surrounded me tried to maximize their satisfaction with limited income. I felt curiosity to know the way how people choose options to optimize satisfaction from scarce resources. As economics deals with such relationship between the unlimited demands and the scarce means, my curiosity has turned into interest of my study and that’s why I chose economics as the major subject in my undergrad study....   [tags: bangladesh,, knowledge, goal] 652 words
(1.9 pages)
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Does the Past Have Useful Economics? - The article written by Donald N. McCloskey has dramatically changed my attitude to the usefulness of knowledge from the field of economic history. The phrase from the article: “History is a stimulus to the economic imagination, defining and stretching the limits of economic craft...” took my thoughts away from everyday casual duties and made me to spend several hours thinking about it. I have reminded myself several historical events, the details of which I know from the course of economic history, I tried to apply micro and macro based theories to these events, interestingly, history supports economic ideas...or, should I state the other way round....   [tags: Donald McCloskey, Economy] 1115 words
(3.2 pages)
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The Overnight Policy Rate (OPR) - The Overnight Policy Rate (OPR) The Overnight Policy Rate (OPR) is the interest rate that commercial banks charge for lending excess reserve to another commercial bank. Central Bank of Malaysia (BNM) determines the OPR. According to the article Monetary Policy Meeting (n.d.), “The reason why Malaysia uses OPR as one of its monetary policy is because OPR triggers a chain of many events such as: the Base Lending Rate (BLR), short-term interest rates, fixed deposit rate, foreign exchange rates, long term interest rates, the amount of money and credit and ultimately a range of economic variables, including unemployment, output, price levels and inflation which are the micro and macro factors on...   [tags: Economics]
:: 3 Works Cited
1046 words
(3 pages)
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Bulls, Bears and Golden Calves: A Thorough Overview With a Christian Perspective of Economic and Ethical Analysis - John Stapleford’s book, Bulls, Bears, and Golden Calves, provides a thorough overview with a Christian perspective of economic and ethical analysis. He reviews the moral challenges of macro, micro, and international economic issues. Stapleford covers a variety of important public policy issues such as self-interest, economic efficiency, and private property rights. He begins the book by laying a foundation of ethical thought and an analytical framework. Stapleford provides a Biblical perspective on the practical issues facing our current society....   [tags: Economics]
:: 8 Works Cited
2291 words
(6.5 pages)
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Free College Admissions Essays: Passion for Economics - My Passion for Economics The crucial importance and relevance of economics related disciplines to the modern world have led me to want to pursue the study of these social sciences at a higher level. My study of Economics has shown me the fundamental part it plays in our lives and I would like to approach it with an open mind - interested but not yet fully informed. Having spent half of my life in India I have direct experience of two very different lifestyles making me more eager and enthusiastic to investigate other ways of life from a macro perspective....   [tags: College Admissions Essays] 445 words
(1.3 pages)
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Population: A Vital Indicator of Economic Growth - Economic growth in a city, state, or country is characterized by steady growth in the productive capacity of the economy or a growth of national income (Fernandez- Villaverde, 2001). The Gross Domestic Product (GDP) growth rate is most commonly used to measure economic growth because it is a reflection of the total change in a country’s national output (Filardo, 1999). This growth rate is used to predict the direction of an economy. A positive growth rate indicates a positive economy with more jobs, consumption and income while a negative growth indicates an economic decline (Filardo, 1999)....   [tags: Economics]
:: 11 Works Cited
2222 words
(6.3 pages)
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Oil Prices and Economic Growth - From the middle of twentieth century, due to exceptional importance of the crude oil in the supply of the world's energy demands, it has become one of the major indicators of economic activities of the world. Even after the appearance of alternate forms of energy like solar power, water and wind, the importance of crude oil as the main source of energy still cannot be denied. This sharp increase in the world oil prices and the volatile exchange rates are generally regarded as the factors of discouraging economic growth....   [tags: Economics ] 1241 words
(3.5 pages)
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Oil Prices and Economic Growth - From the middle of twentieth century, due to exceptional importance of the crude oil in the supply of the world's energy demands, it has become one of the major indicators of economic activities of the world. Even after the appearance of alternate forms of energy like solar power, water and wind, the importance of crude oil as the main source of energy still cannot be denied. This sharp increase in the world oil prices and the volatile exchange rates are generally regarded as the factors of discouraging economic growth....   [tags: Economics ] 1241 words
(3.5 pages)
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The Relationship Between Oil Prices and Economic Growth - From the middle of twentieth century, due to exceptional importance of the crude oil in the supply of the world's energy demands, it has become one of the major indicators of economic activities of the world. Even after the appearance of alternate forms of energy like solar power, water and wind, the importance of crude oil as the main source of energy still cannot be denied. This sharp increase in the world oil prices and the volatile exchange rates are generally regarded as the factors of discouraging economic growth....   [tags: Economics ] 973 words
(2.8 pages)
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How Recent Economic Trends Influence Business - How recent economic trends are influencing the business A firm and its management are affected by many factors present in its environment and this because a business can not operate in vacuum. The factors existing in a business’ environment are beyond control by a firm and the factors affects how a business operates and performs in the market (Li, 2008). Other macro environmental factors besides economic that affect business performance include political factors, social, demographic or ecological, and technology....   [tags: Economics]
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1604 words
(4.6 pages)
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Industry and External Environment Analysis - Introduction Companies always operate in a certain environment; the formulation and implementation of business strategy are also restricted by the particular environmental factors. (Osborn & Hunt 1974) In other words, environment decides the enterprises’ strategy, decisions making, organizational structure and management styles. The environmental awareness has become the starting point of the environment analysis. (Sethi 1979) In general, the corporate strategy has two environment factors to consider, internal and external environments....   [tags: Politics, Economics, Social, Technology]
:: 11 Works Cited
2946 words
(8.4 pages)
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How is National Income derived? What is the GDP? What information does - How is National Income derived. What is the GDP. What information does it give us about a nation. What is per capita income. If you wanted to know about the economy of a country, which would you consider more important, and why. (25 points) National Income is derived through the overall income earned by a country’s people, including labor and capital investment. Gross domestic product is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products....   [tags: Economics] 566 words
(1.6 pages)
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Uncertainity In Global Economy - Introduction A student received his offer letter for the admission into GMBA course, he was working in Australia, so did quick calculation and came up with an amount that he was required to transfer in USD (US dollars) for admission fees. After two months, when he went to the branch of National Australian Bank to transfer the money to Citibank Dubai, he was surprised to know that he need pay around 35% more than his initial estimate ,due to increase in USD to AUD(Australian Dollars) conversion rate....   [tags: Economics Economy] 1365 words
(3.9 pages)
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Determinants of Conditional Volatility of Fifty Stock Returns and KSE 100 Index - This academic research examines the determinants of conditional volatility of fifty stock returns and KSE 100 index for the time period of August 1998 to December 2008 and the impact of macro-economic volatility on stock volatility. The macro-economic variables included in the analysis are market return, industrial production, interbank call money rate, term structure of interest rate, money supply, exchange rate and inflation rate. In order to specify the relationship of ex-ante economic factors with stock returns, the Rational Valuation Formula (RVF) is used, which sets the current price as a function of all expected dividends and expectation of discount rate....   [tags: Economics ] 997 words
(2.8 pages)
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Keynes Macroeconomic Theory - How did Keynes's idea of the reasons for the macro-economic instability challenge the prevailing economic orthodoxy. After 100 years of the industrialization era modern economics began to see a change and shift of ideas. These ideas were brought to the front by John Maynard Keynes, who in 1936 transformed much of the modern economics by a single book The General Theory of Employment, Interest and Money. Keynes also wrote other titles as well as ‘A Tract on Monetary Reform (1923)' which was an attempt to secure a monetary policy instead of the gold standard....   [tags: Economics] 1166 words
(3.3 pages)
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The Punctuated Equilibrium Approach - The Punctuated Equilibrium approach is focused on explaining stasis and change in policy design. Why do PE approaches imply that policy is likely to remain stable. What factors are needed to generate change. In your answer be sure to cite a relevant policy area. Stasis is no change or incremental change in policy. This is policy’s usual state. The American policy system was designed to move slowly there are many hurdles in the process considering the complexity of politics and government. The American system is made up of many separate institutions, overlapping jurisdictions, and allows many opportunities for mobilization....   [tags: Economics] 1884 words
(5.4 pages)
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Foreclosure Crisis Management Plan - For many people, the American dream represents owning a home, a place of warmth and sanctity in which to raise a family. This dream has evolved over time beyond the idyllic visions of the house with the white painted fence, dog, and two-point five children. It has become as simple as having a roof over one’s head to as grandiose as the multi-estate McMansions. Today, the dream of owning a home has turned into a nightmare as millions of Americans face foreclosure. Few words characterize the wide disparity between the vision and the brute realities....   [tags: Economics] 2492 words
(7.1 pages)
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Chinese Financial Markets - The launch of stock index futures is a milestone in the development of Chinese financial markets. In the past few years, Chinese stock market was characterized as one of the most dynamic developing markets, and also the most volatile one. It rose about 97 percent in 2007, then plunged more than 65 percent in 2008 and rebounded about 80 percent in 2009. The investors and regulatory authorities hope that introduction of stock index futures trading will help increase liquidity in the stock market, reduce market fluctuations and hedge risks....   [tags: Economics]
:: 6 Works Cited
618 words
(1.8 pages)
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Macro and Micro Economic Factors that Influence Plant Activity - This paper will first discuss factors that describe and analyze the macro- and micro-economic factors that could directly or indirectly influence plant operations here at ABC Complete Kitchens. Next, it will explain legal considerations that our organization must be prepared for, which are also relative to obtaining credit, having reliable market conditions, and avoiding product liability Capital Investment One of the most important concerns to our organization is capital investment. By investing profits back into our machinery we can stay competitive by increase productivity....   [tags: Business]
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1312 words
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Application for a Financial Program - ... I was part of top 15% economics students and invited to become a member of The Pennsylvania State University chapter of Golden Key International Honour Society. I am completing a comprehensive undergraduate degree in Economics at the Pennsylvania State University, where I will graduate in May 2014 with an expected GPA of 3.89 on the scale of 4. Early exposure inspires big dream. My experiences of managing my monthly scholarship allowances had confirmed my interest in finance and my goal to become a fund manager....   [tags: economics, study, skills] 662 words
(1.9 pages)
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Increasing The Supply Of Cost Effective Housing Products in Australia - CONTENTS 1.0 The Australian Chamber of Commerce and Industry in Brief 3 2.0 The Housing Affordability Crisis 3 3.0 Scope of the Issue 3 4.0 Economic Context and Background 4 5.0 Key Factors 5 5.1 Property Taxation 5 5.2 Land Supply 5 5.3 Development Application 6 6.0 Summation 6 7.0 References 7 1.0 AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY IN BRIEF The Australian Chamber of Commerce and Industry is Australia’s largest and most enduring business association which has represented the interests of business for over 100 years....   [tags: Economics] 1970 words
(5.6 pages)
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Macroeconomic Impact on Business Operations - Macroeconomic Impact on Business Operations Money supply is the availability of money in the hands of the public (economy) that can be used to purchase goods, services and securities. In macroeconomics, the price of money is equivalent to the rate of interest. There's an inverse relationship between money supply and interest rates. As money supply increases, interest will decrease. On the other hand, interest will increases as money supply decreases. It is very important to understand that the economy works at market equilibrium....   [tags: Economics] 1602 words
(4.6 pages)
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Classical Economics vs. Keynesian Economics - My research of Classical Economics and Keynesian Economics has given me the opportunity to form an opinion on this greatly debated topic in economics. After researching this topic in great lengths, I have determined the Keynesian Economics far exceeds greatness for America compared to that of Classical Economics. I will begin my paper by first addressing my understanding of both economic theories, I will then compare and contrast both theories, and end my paper with my opinions on why I believe Keynesian Economics is what is best for America....   [tags: Economics]
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1187 words
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Contrasting The Socialist and Capitalist Russian Economies - A long-term study of the international market reveals that the Russian financial system is unique, due to its many economic changes throughout its historic existence. It is well documented that up and until 1990, Russia operated as a socialist economy. In contrast, during contemporary times it is conducted as a capitalist economy following the leadership of President Vladimir Putin. All through its socialistic era, there was a constant battle between the poor and those who privately owned their lands, fields, factories, corporations, and various other enterprises....   [tags: Econmomics]
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1527 words
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The Basics of Economics - Economics is the study and understanding of the economy or the system of government and people that deals with money and financial things. Because the government officials did not understand my report about the economic reforms that are supposed to help stimulate the economy, I have decided to teach them about few concepts about the economy and how it works and how they can benefit from me and use these concepts to make wise and good decisions to stimulate the economy. The first thing I decided to teach the government officials about is economic freedom....   [tags: Economics] 844 words
(2.4 pages)
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Economics Q & A - 1) The current recession is the longest since the Great Depression in the 1930's. We are still far from a recovery with unemployment at about 9.7% and weekly new jobless claims at 442,000+. In your view, are we about to grow out of the recession or will it continue. In addition to the unemployment data, support your positions with such economic indicators as: new housing starts, used home sales, GDP growth, etc. The current recession or financial crises began in United States of America and created a domino effect of creating instability in the financial markets the world over; the spark of this recession ignited fire around December 2007....   [tags: Economics ]
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1023 words
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Macro-Economic Factors that Affect a Business - Macro-Economic Factors that Affect a Business There are macro-economic factors which affect a business and there implications need to be considered when planning ahead. The interest rate is the basically the cost of borrowing, the price of money. If money is borrowed it is the percentage over and above the original loan that has to be paid back. The interest rate is a vital tool of economic management for the government. Adjusting the interest rate is a key part of the government’s monetary policy....   [tags: Papers] 479 words
(1.4 pages)
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A Comparison of Micro and Macro Songs - Sociology, as a practice, can be applied to almost every human exchange. The realm of lyrical song is no different, offering numerous venues for sociological perspectives to be expressed by the artist(s) about the shared environment around them. For the purposes of exemplifying the possible connections which can be made in this context we chose two unique songs: “Prayer of the Refugee” by Rise Against and “The Dreaming Tree” by the Dave Matthews Band. In the following examination, both songs demonstrate the diverse principles of the sociological perspective on a macro and micro level, respectively....   [tags: Music Analysis ]
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1498 words
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Economics of Information - Introduction There have been discussions among scholars in developed countries regarding economics of information. Developed countries includes Australia, New Zealand, United States, Ireland, Germany, Japan, Canada and many more are countries that have a high level of development according to some criteria. The criterion is income per capita; countries with high gross domestic product (GDP) per capita would thus be described as developed countries. Another economic criterion is industrialization; countries in which the tertiary and quaternary sectors of industry dominate would thus be described as developed....   [tags: Economics ]
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1078 words
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The 1997 and 1998 Asian Economic Crisis - The 1997 and 1998 Asian Economic Crisis The purpose of this paper is to explore the causes of the 1997 and 1998 Asian economic crisis; and to research the effects of the crisis in each of the following categories: 1. The effects of the crisis in the countries involved in the economic crisis of 1997-98. 2. The effects on the governments affected by the crash, and 3. The effects that the Asian crisis has had on the differing world markets as well as the effects that it will continue to have (if any) on the world markets in the near future....   [tags: Business Economics Economy Essays] 2317 words
(6.6 pages)
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Economics and Growth - The demand curve is likely to change upwards or rise as a result of changes in a number of factors. One, if there is a move up in the price of an alternative commodity, or decrease in price of the given commodity’s accompaniment. Two, if there is a rise in buyers’ income. Three, if the taste as well as preferencs of the consumers shifts in regard to the particular product or service under consideration. Four, when there is a decrease in the cost of borrowing. And finally, if there is an overall increase in the buyers’ trust accompanied with optimism for the particular product or service....   [tags: Economics]
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931 words
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Principles of Economics - Buying a new home can either be an exciting experience in someones life, or can be a major heache with serious consequences. I was fortunate enough to get a house the a VA loan, and the process was somewhat more simple, because I did not have to do the majority of tasks by myself. I advise all of my friends and family, or whomever wants to purchase a home to consider many factors before making that decsions. Principles of economics plays a vital role in the decision making process when wanting to purchase a home....   [tags: Economics]
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Economics and Growth - Causes of increase in equilibrium price Equilibrium price is the price at which the quantity demanded in the market by consumers balances with the quantity supplied in the market by the suppliers (Gillespie 2007). Apparently, there are a range of factors that determines a specific commodity’s supply and demand at the market place. Consequently, changes in these factors influences the shifts in the equilibrium price of that commodity (Sloman, 2007, p. 51-182). For instance, assuming the supply of a commodity is invariable, if there is a positive change in buyers’ income sources causing its increment or if tastes as well as preferences of the consumers shift in regard to the particular commod...   [tags: Economics]
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851 words
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Economic Analysis of The United Arab Emirates - Economic Analysis of The United Arab Emirates 1. Introduction A. General Information The United Arab Emirates (U.A.E) is a federation of seven Emirates that was formed on December 2 1971. It is located between the Arabian Gulf and the Gulf of Oman and it is bordered by Saudi Arabia and Oman....   [tags: Economics UAE Arab Emirates] 1872 words
(5.3 pages)
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Thoughts on Game Theory in Economics - According to Wikipedia, game theory is a branch of applies mathematics that is used in the social sciences (mostly economics). Game theory can also be defined as a theory of competition stated in terms of gains and losses among opposing players. Game theory tries to mathematically imprison behavior in strategic situations, in which a person’s success in making choices depends on the choices of others. Traditional application of this theory attempt find equilibrium in these games, in equilibrium....   [tags: Economics]
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1937 words
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The Economics of War on Terror - The outgoing year has roughly been tough for Pakistan economy and full recovery is far from the sight. The official data for the FY 09/10 suggest, agriculture sector grew an estimated 2%. Live stock grew 4.1%, industrial output 4.9% and the services sector 4.6 %. The overall economy, however, grew by 4.1 % (provisional estimate). According to the latest Labor Force Survey 08/09, the unemployment rate has increased to 5.5% from last year figure of 5.2% and urban unemployment 7.1% from 6.3%. Analysts believe that the unemployment rate is running into double-digit, however, and the government’s figures are hard to buy....   [tags: Economics] 969 words
(2.8 pages)
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Characteristics of Transaction Cost Economics - In the current competitive business situation, the budget of each investment is likely to be tight. From the beginning of the investment, the cost management might conduct for the best efficiency. Nowadays, firms work with not only domestic industries but also international suppliers. The channel of business opportunities has been developed widely. Global business interaction seems to bring about the relationship between the firm and supplier how to make a profit effectively. In addition, it might be possible to say that this circumstance leads to enhance the domestic industrial relationship too....   [tags: Economics]
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2094 words
(6 pages)
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The Economics of Financial Markets - How exchange rate policies and systems characterize the countries of South America: Exchange rate plays a key role in development of South American economy. The exchange rate has enormously influenced the economy of these regions particularly from 1960’s when the economy was mostly characterized by import substitution, and 1970’s when foreign debt was significantly increased. Exchange rate has been very instrumental in formulation of government policies in these regions. In fact, “many analysts regard exchange rate policy as a major determinant of other economical outcomes, such as adjustment to the oil shocks of the 1970’s and the debt the debt crisis of the 1980’s” (Frieden & Ernesto, 2010...   [tags: Economics]
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1716 words
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Is Globalisation a Benign or a Harmful Process? - Is Globalisation a Benign or a Harmful Process. Globalisation and how it changes politics. There are many ways to analyse globalisation. In this essay I will attempt to analyse globalisation by looking at economic factors as well as how impacts on international and domestic politics as well as communication. I will look at how globalisation has influenced the modern world and how some people disagree with globalisation. “The term globalization--the exchange of products, information, and culture that connects economies around the world is heard more and more frequently” (Dwain, 2012) Dwain states that globalization connects us all around the world....   [tags: politics, economics]
:: 10 Works Cited
1693 words
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European Labour Markets are too Rigid - The issue of labour market organisation has probably gained momentum throughout the 1980s all the way into the current crisis and the constant levels of unemployment in Europe are fuelling this debate. With increasing inflation and the oil shocks of the 1970s it was proven that central institutions could no longer keep under their control such an interconnected world trade flow. Deregulation, championed in Europe by the British government of Thatcher, argued that state intervention and central organisation of the economy were inefficient and that it was preferable to leave market organisation to the ‘invisible hand’, market forces, which was considered to be more efficient....   [tags: business, economics]
:: 5 Works Cited
1901 words
(5.4 pages)
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Economics of Rough Diamonds - Countries in Africa rely heavily on their exportation of diamonds along with oil for income. The revenue from the exportation of rough diamonds has either helped countries develop or lead to catastrophic events. The economic comparison of countries that sell rough diamonds can vary greatly. Some African countries strive for economic independence where as others have faced years of conflict and poverty. The economic and political oversight of rough diamonds compared differently throughout countries in Africa....   [tags: Economics ]
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1599 words
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Economics for Tertiary Sector - The tertiary sector gives an incentive of a higher profit margin as compared to the rest of the two sectors. A firm needs to achieve productive and allocative efficiency in the case of primary sector; as profit margins are slightly low in this area. In the same way, transformation of raw materials into goods has been the task for the secondary sectors. E.g. manufacturing and assembling steel into car. ‘Slower labor productivity growth in Europe than in the United States since 1995 reverses a long-term pattern of convergence....   [tags: Economics]
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The Macro-Economic Consequences Of The Tsunami In South-Eastern Asia - The Macro-Economic Consequences Of The Tsunami In South-Eastern Asia During the course of this essay I will illustrate the macro-economic consequences of the catastrophic tsunami that hit South-Eastern Asian coastlines in December 2004. The Indian Ocean earthquake was an undersea earthquake that occurred on December 26, 2004. The earthquake generated a tsunami that was among the deadliest disasters in modern history. At a magnitude of 9.0, it was the largest earthquake since 1964. The earthquake originated in the Indian Ocean, off the western coast of northern Sumatra, Indonesia....   [tags: Ecomonics Economy Tsunami Essays] 1668 words
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The Return of Depression Economics and the Crisis of 2008 - In The Return of Depression Economics and the Crisis of 2008, Paul Krugman warns us that America’s gloomy future might parallel those of other countries. Like diseases that are making a stronger, more resistant comeback, the causes of the Great Depression are looming ahead and much more probable now after the great housing bubble in 2002. In his new and revised book, he emphasizes even more on the busts of Japan and the crises in Latin America (i.e: Argentina), and explains how and why several specific events--recessions, inflationary spiraling, currency devaluations--happened in many countries....   [tags: Economics] 1076 words
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Macro Analysis of the Coca Cola Company - ... What impact is the organization causing the environment and vice versa, is the organization been affected by these problems. It also studies the seasons in with consumers prefer to buy Coca Cola. Political Analysis: this factor dictates how involve the government is with the operation of the company. It includes tax policies/environmental policies/ labor force law/ quantity of the goods permitted by the government, etc. It analyzes the governments and the ideology that it stands for by its incentives, stability and tariffs imposed in the government....   [tags: environment, market, swot] 2266 words
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Derivative Trading - Derivative trading makes it possible to transfer risk and to discover fair price by arbitrage mechanism. Consequently, it gives a much benefit to the market and economy growth. Specifically, the introduction of derivatives market and innovation of the products in the derivatives market becomes a standard instrument to risk management. By transferring risk from risk- averse investors to risk-love investors, market participants enable to expand their trading volume, and hence would contribute develop the financial system and the macro economy....   [tags: Economics ]
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Government Spending, Deficits, and Keynesian Economics - A growing government is opposite to America’s economic interests because the various methods of financing a government - taxes, borrowing, and printing money have harmful effects upon the economy. There are many reasons why there is a high deficit in the United States such as extensive spending. This is true because government spending is often economically destructive, regardless of how it is financed. There are many causes of the steady growth in U.S. trade deficits. There are many people are against the high deficits especially economists....   [tags: Economics]
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Foriegn Aid: Individuals over Macro-economic Policies - In 2009, the UN Food and Agriculture Organization publicized that over one billion people globally suffered from hunger (Banerjee and Duflo 19) and economists estimate that at least one billion people live off of less than one U.S. dollar a day (Ovaska 1). With these facts present, recent scholarly debate has risen over recent years over whether foreign aid successfully works toward the removal of poverty. Two opposing viewpoints have arisen. Economists and philanthropists similar to Jeffery Sachs believe that a poverty trap confines countries with lower GDP per capita and higher rates of populations living beneath the poverty line which calls for the assistance of outside aid in order to fr...   [tags: Dambisa Moyo, causing more harm than good] 1924 words
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Economics Research Paper - Social studies is a huge part of the elementary curriculum. Without social studies, elementary students would have a huge gap in their knowledge content. Economics is responsible for providing a large amount of information to students. For third graders, the North Carolina Department of Public Instruction places economics under goal five. Goal five divides communities and the basic economic principles into seven objectives. The first objective for third grade economics asks for students to understand the definition of scarcity and be able to provide examples....   [tags: Economics]
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Economics Research Paper - Economics Research Paper It seems every day there is dire news about the economy. Particularly about issues that have been affecting our everyday lives. One specific issue is currency. Money has always been a serious problem for many Americans. Most Americans have a difficulty taking care of their wealth and are unable to use it for expensive items. Some have trouble saving up and using it for items they do not need. Although we question many other issues reported on the news that pertain to money, Americans are generally concerned about matters that America has decided to act upon, such as the state budget cuts....   [tags: Economics] 1324 words
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Economics...In Real Life - The 1920s were a time of luxury and economic stability in the United States, that is, until the day the stock market crashed and the country was plummeted in to a time of misery and uncertainty called the Great Depression. The ten year span from 1929 until 1939 is one of the worst episodes the United States has ever experienced; it held a great shortage in the money supply, massive unemployment, and despair and doubt for all of the people who lived through it. Frederick Lewis Allen’s book Since Yesterday: the 1930s in America gives a wonderful depiction of exactly what went on during this period of time in the United States, it explains what everyday life was like for the common people and g...   [tags: Economics]
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Unemployment in Hong Kong - Introduction The unemployment rate became a hot topic in the past few months when it rose to 3.5 per cent, a recent high for almost 10 years. The jobless rate was higher than the 3.2 per cent unemployment rate recorded in the May to July period. The underemployment rate in the June to August period rose to 2.5 per cent from 2.3 per cent in the May to July period. Until recently, most workers who lost their jobs were from the manufacturing sector. They were middle-aged factory workers with few skills and little education....   [tags: Economics, Unemployment Essays] 4506 words
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Economics Essay - Economics is an ever-changing field of study. Within that area of interest, there are many people who have influenced the world with their individual economic point of view. Some of those people have made a fundamental impact upon not only the United States of America, but also upon the world. Adam Smith, David Ricardo, John Maynard Keynes, Friedrich Von Hayek, Milton Friedman, and Fengbo Zhang are six men who have accomplished just that. Their opinions, actions, and words have forever changed the world of economics....   [tags: Economics]
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Adam Smith's Contributions to Modern Free Market Economics - Among economists, it is said Adam Smith is one of the main contributors to modern free market economics. His thoughts attacked mercantilism which was the prevalent form of government at the time. His works provided systematic rationales in the subjects of capitalism, free markets, and limited government intervention. His most popular books changed history because without them, many of these thoughts and ideas would not be so prevalent. Smith is regarded and cited as the father of modern economics....   [tags: Economics ]
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The Economics of Predatory Pricing - The Economics of Predatory Pricing Introduction Predatory pricing “is alleged to occur when a firm sets a price for its product that is below some measure of cost and forfeits revenues in the short run to put competitors out of business” (Sheffet p.163-164). The reason firms take the short term loss is because they hope to drive out competitors and raise prices to monopolistic levels. By doing this, they covered their short term loss to make even greater profits in the long term than they would have by not using predatory tactics (Sheffert)....   [tags: Business Economics]
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Executive Summary - Executive Summary ----------------- The 2000 were a period of enormous growth, Australian is a prosperous nation has benefited from 9 years of uninterrupted economic growth. However, the international tourist industry was suffer from the terrorist attacks on the World Trade Center and Pentagon in the USA on 11 September 2001. Overall, the Australian international tourist industry continues to be strong because of the board mix of natural environment and cosmopolitan cities located here, including high-tech, stable international political situation and economic prosperity....   [tags: Economics] 2197 words
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Economics and the Foreclosure Crisis - Throughout the last three decades, the United States experienced a substantial economic expansion. With more spending power than ever before, people began to seek larger purchases. Most of these significant purchases require the use of credit, and real estate is perhaps the most notable market which uses credit. Banks saw the great potential for profit, and sought to grant as many home loans as possible during this period of great wealth. Gradually, banks began granting loans to less qualified customers....   [tags: Economics, loans,] 2009 words
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Australian Economics - Introduction The year 1996 market a turnaround for the financial system in Australia. It is in this year that the Finance Treasurer announced the formation of the Financial System, Inquiry also known as the Wallis Inquiry, which was intended to check the financial system in the country. Specifically, the Inquiry was mandated to research and analyse the consequences of financial deregulation in the country since the 1980s and; analyse the driving forces affecting change in the Australian financial system, especially in view of technological development....   [tags: Economics] 2319 words
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A Summary of Keynes’ and Hayek’s Views on Economics - In 1929, the stock market crashed. The values of production gone down, work force lost their jobs, millions of families lost their homes as well as millions of saving accounts were lost because banks closed for good. Those events resulted in the Great Depression. As a result, the world was plunged into economic turmoil. However, two prominent economists emerged with competing claims and sharply contrasting approaches on how a capitalist economy works and how to revive it when depressed. John Maynard Keynes an English economist believed that government has responsibility to intervene in an economical crisis whereas, Friedrich Hayek an Austrian-born economist and philosopher believed that the...   [tags: Economics]
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Overview of Behavioral Economics - Behavioural economics is the study of the effects that psychology has on the decision making of the economy. This tends to be the way that people think and feel when they are spending money on a certain good or service. The great economist Adam Smith was the first follower of this idea through his book “The theory of moral sentiments” which dates back to 1759. However, it took over 100 years to get a more clarified meaning of how big of a role the psychology of a buyer plays in economics. In behavioural economics there are seven basic principles which all contribute to the decision making process....   [tags: Psychology, Economics]
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Economies of Scale - Introduction The conditions proposed by the financial crisis and international markets have ended up affecting the practice of economies and shared frames of reference on the nature of the problems. A minor phenomenon in Bangladesh can have substantial impacts in New York or London. The scale and size categories have become central to the analysis of what is happening. Institutional sizes are related to risk externalities [Makridakis / Taleb, 2009]. The work produced [Haug, 2007; May, 2008] offer an explanation of the consequences to take extreme risks in economies (extreme risk)....   [tags: Economics ]
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Demand: One of the Pillars of Economics - Demand and Quantity Demanded There is a clear distinction between demand and quantity demanded; furthermore, they have their own significance in the economics arena. In economics, the term demand refers to the will associated with purchasing a product, which one can afford, meaning that the price must be contained within the fiscal reach of the consumer. Demand is also a combination of aspiration to possess something, capability to pay for it and the willingness to reimburse. An example is the ability of citizens to pay for education, as well as to buy basic-food staff....   [tags: Understanding Demand in Economics]
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The effect of the macro-economy - External Influences The Macro-economy The production and exchange process of the whole economy as opposed to individual markets within the economy. Businesses are affected by changes in the macro-economy and by government processes towards the macro-economy. Government economic policies change a lot. (E.g. labour made bank of England independent on their first day in office.) Instead of dividing the economy into different sectors (e.g. retail, cars etc) we look at the economy of the country as a whole....   [tags: essays research papers] 1024 words
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The contemporary Great Recession and the global financial crisis - Since the advent of the subprime crisis in 2007 that it is commonly believed to have led to the Great recession and to the present global financial crisis, these issues have been subject to much research. In fact, no one can claim that the Great Recession and the global financial crisis have been under-researched. In fact, the new world recession has been analysed from different angles and perspectives. Historians, economists, financial experts, psychologists, anthropologists and other experts in academic, financial, economic and other fields of research are still analysing the contemporary global financial crisis....   [tags: Economics, Global Markets] 1023 words
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India's Consumer's Perception of Corporate Social Responsibility - “An Empirical Study of Indian Consumer’s Perception of Corporate Social Responsibility (CSR)” Introduction In the area of consumer perception and response towards corporate social responsibility (CSR) increasingly received attention from the managers and researchers. Most of the research was conducted in context of developed countries that means research on consumer perception towards CSR in developing countries like India needs to be developed. This research will examine consumer perception of CSR in India....   [tags: manager, researchers, economics] 804 words
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Implications For International Firms In Emerging and Developing Markets: - Comprising a significant section of the global economy, including approximately 4.8 billion people Emerging markets I are seen in recent times as being an particularly important growth source for multinational corporations (Akbar and Samii, 2005). Emerging market expansions are attractive strategies for multinational corporations due to the lure of potential capital gain and further expansion, however there are several risks associated with the entry into these emerging markets in which there are several implications for multinational corporations....   [tags: business policies, economics, politics]
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How I Desired to Go into Economics - As Jonathan Swift once said “Blessed is he who expects nothing, for he shall never be disappointed.” This quote is taken into great consideration not just because it based on literature but because it is also based on business and life as well. This quote helped acknowledge the other reasons to life, as to the way of business. Then I read a book called “Rich Dad Poor Dad” within that book it talked about what you think you know about economics and education further more it testes your knowledge....   [tags: Economics, career,] 702 words
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What´s Macro Policy: The Adaptive Expectations Theory - A theme that dominates modern discussions of macro policy is the importance of expectations, and economists have devoted a great deal of thought to expectations and the economy. Change in expectations can shift the aggregate demand (AD) curve; expectations of inflation can cause inflation. For this reason expectations are central to all policy discussions, and what people believe policy will be significantly influences the effectiveness of the policy. Expectations complicate models and policymaking enormously; they change the focus of discussions from a response that can be captured by simple models to much more complicated discussions....   [tags: economy, inflation] 1501 words
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