“Another negative factor was a 6.6 percent drop, on an annualized basis, in federal defense spending.” She supports that the decrease in GDP is directly related to the decrease in government spending g which proves how fiscal policy can affect overall economic growth. Monetary policy can be defined as: A central banks changing of the money supply to influence interest rates and assist the economy in achieving price stability, full employment, and economic growth. The article discusses how decline in economic growth can in part be due to uncertainty of interest rates which is directly controlled by the Federal Reserve. The author supports this idea by showing that uncertainty of interest rates has affected business investments and the slowing of the housing
One of the functions of money is as a store of value. How does inflation affect money's ability to store value? (3-6 sentences. 2.0 points) Inflation can decrease the value of money overtime. Inflation is when the value of money goes down, so you can’t get as much for your money as you could in the past.
Each year's deficit is added to the national debt. During a time of recession if there is a surplus, this will decline creating a deficit. A deficit will happen during a recession because workers may lose their jobs and corporation will see a decline in their profits, this decline does affect the Government’s ability to pay their debt without borrowing the monies to do so. References http://www.washingtonpost.com/opinions/charles-lane-the-feds-role-in-the-debt-debate/2012/12/03/ed5951cc-3d6a-11e2-a2d9-822f58ac9fd5_story.html http://economics.about.com/od/recessions/a/budget_deficits.htm Week 4 – Learning Team Weekly Reflection Aadil Ansari, Alexandra Lyddane, Joshua Bollman, and Judy Miller ECO/372 July 1, 2013 Jack Karczewski Week four has proved to be as interesting and informing as the first three weeks. This week, our learning objective that
Project Paper– Part 2 Business Economics (GM545) Spring Session B 2012 \ \ June 6, 2012 Exercise 1: Chapter 16, Question 5 Our text describes three types of unemployment; frictional, structural and cyclical, all which have different ramifications on the economy (Stone, 2008 pp. 443). Fricitional unemployment occurs when people are inbetween jobs or are recently entering into the job market, this includes contract workers, seasonal workers and newly graduated students. It also includes voluntary unemployement when people make a choice to leave their current job and seek better opportunities elsewhere. This type of unemployment is is much less serious than structural or cyclical unemployment and is viewed as being healthy part
The unemployment rate consists of the labour force and number of people actively seeking work whom are unemployed within the labour force. The unemployment rate is calculated by :The number of employed x100 / Labour force. Between 1970 and 1983 there was a rise in this rate that peaked around 10%; this rise could have been attributed due to weak economic conditions that did not produce enough jobs for the supply of labour. From 1992 to 2007, Australia saw a gradual decline in the unemployment rate most likely due to prosperous economic conditions facilitating strong jobs growth. 2) Based on reading the chapter and our lecture discussions, you should be able to identify an “error” in Figure 11.2 (page 247).
Bill Mckibben talks about the consequences of economic growth in chapter one “after growth” of his book “Deep economy”. He discusses three major problems that economy brings as it grows, which are income inequality, environment destruction, and happiness. He says these three objection mesh suggest that people will no longer be able to act wisely, either in our individual lives or in public life. Mckibben starts off the chapter by discussing the problem of income inequality. He shows that the real income of the bottom 90 percent of American taxpayers eanred $27,060 in 1979, $25,646 in 2005, which tells us that though our economy has been growing, most of us have relatively little to show for it.
Describe at least three economic factors that you would want to research as evidence of the economy's strength or weakness, and explain how each factor would affect your decision to move there. (4-6 sentences. 3.0 points) I would like to research the cost of houses over a three year period to determine if it is increasing or decreasing. I would review the unemployment rate to see how many people or without jobs. I would check to see how many companies have gone out of business and the new of new businesses.
Qualitative and quantitative researches have several advantages and disadvantages, depending upon the researcher’s plan and area of focus. Qualitative research is useful in the early stages of a study when the researcher may be uncertain of what to be studied or what to focus on. This type of research does not require a specific plan before it begins. The researcher has freedom to let the study open out more naturally. Another advantage of qualitative research is that it gives more thorough data in the shape of complete descriptions in written form or visual evidence, such as photographs.
ACC/291 Week 1 Discussion Questions 1. How are bad debts accounted for under the direct write-off method? What are the disadvantages of this method? The direct write-off method is when a company determines that an account is uncollectible and it charges the loss to the Bad Debts Expense. An example of this would be when a customer is not able to pay their bill because due to a downturn in the economy, money may be tight if they have been laid off from their jobs or faced with unexpected hospital bills.
GIVER The giver is successful in making a difference in the world negotiating and promoting peace. The strategy used with this type of personality is to promote studying with others, seeking out subjects that involve helping people where they would have an opportunity to discuss topics honestly and freely. ORGANIZER The organizer is a responsible and reliable individual with a hint of neatness and organization. The strategy to encourage this individual is to have task defined in clear, concrete terms while providing a stable environment. Also, the utilization of a planner to schedule tasks and dates are extremely