Explain what is meant by the term "Market Economy" in Economics. Describe the four phases/turning points of the Business cycle. What do economists mean by the "Natural Rate of Unemployment" and what do economists agree is its upper and lower range in the US? At Explain the real...
Explain comprehensively what is meant by gross domestic product (GDP). Describe in detail the three methods for calculating GDP. (a) Describe the difference between GNP and GDP. (b) Start with the identity GDP = C + I + G + X - M and add and/...
The British Constitution is usually described as “unwritten", but this is misleading. Parts of the British Constitution are written and some are not. What is meant by "unwritten" is that it is not summarized into one single document as "the British Constitution". Therefore, it is more accur...
ECONOMY IS IN THE TANK, BANKS ARE REELING, INFLATION IS SKY-HIGH AND THERE'S MORE BIDEN ISN'T TELLING YOU In this case (as it often is) the original culprit responsible for high inflation was profligate government spending in the form of multitrillion-dollar spending bills sold as "COVID...
What is meant by recession? It's a word many investors may prefer to do without, even though recessions can be a normal part of an economic cycle. This can be especially true if you are new to investing and have questions about investing during a recession. What does it mean when an ...
paythemasalute.Today,FriendshipDayisbeingcelebratedaroundtheglobe,acrossdiverse culturesandsocialperiods. A.ThepopularcustomsofFriendshipDayincludehandingoverroses, B.TheideaofhonoringfriendshipwasadoptedbyafewcountriesinAsia. C.Restaurantsofferspecialdiscountstomakethemostofthetimeaswell. D.Thesedays,however,itis...
6 What is meant by a home-run book? (a) A book which is so good you are unable to put it down. (b) A book that the whole family can enjoy. (c) A children’s book that is read and appreciated by adults. (d) A book that hits hard like a home run in the game of ...
Generally considered to be the safest investments, because they are backed by the full faith and credit of the U.S. government. In other words, the probability that you won't get paid back is generally viewed as very low. Municipal or “muni” bonds ...
Tax revenue is money collected by a government body from its constituents for public spending. Taxes may be based on income, property value, or sales of goods and services. In the U.S., federal tax revenue mostly derives from taxes on the income of individuals and the profits of businesses...
Another basic principle of Keynesian economics is that the best way to pull an economy out of a recession is for the government to increase demand by infusing the economy with capital. In short, consumption (spending) is the key to economic recovery.4 ...