What is inflation? What do we mean by real income and nominal income? Who benefits/loses during inflationary period? A hypothetical economy has a year-end inflation rate of 3.2%. What does this mean? Explain the meaning of negative inflation gap. ...
What does it mean to say that the economy is in a recessionary gap? In an inflationary gap? In long-run equilibrium? What does it mean when economists say that economic agents seek to optimize? Economists say that individuals make decisions at the margin. What does this mean?
According to Keynesian economists, what is the explanation of why an economy may not be able to remove itself from a recessionary gap? The Keynesians challenge the Friedman Schwartz monetarists' monetary policy cure for the Great Depression. Use the AD-AS model to explain the Keynesi...
Since the return that a corporation generates by buying back shares is identical to the cost that it incurs by selling shares, we can treat the average earnings yield as an approximation of the average cost of equity for corporations (see Appendix A: Claim #3). The quoted numbers therefore ...
Sometimes it wasn’t even cut into usable shapes or meant to ever be worn; it would be held and exchanged purely for its monetary value as a salable good that could be stored for quite a while. Another great example is the idea of using blocks of high-quality Parmesan cheese as bank ...
Your reasoning here is based on a mistaken premise as far as our best current model of the actual universe is concerned; see above. I don't think I adequately explained what I meant with my example. I had been taught the following: 1. All the energy in the universe should add ...
The increase in inflation since 1971 is … wow.#wtfhappenedin1971pic.twitter.com/DHi0tUCJBK — Jon Miltimore (@miltimore79)September 23, 2021 The income gap between black and white Americans, which had been closing rapidly since 1950, all but stopped closing. ...
localism, human scale, limits, and stewardship, the very things woefully lacking in the current spending orgy. While a return to these ideals is still only in its infancy, change is afoot. This represents a glimmer of sanity in a world succumbing to the apparent security promised by ...
a. What is inflation and how it is calculated? b. List and explain the two types of inflation. Explain the meaning of negative inflation gap. What always causes large or persistent inflation? What is the nature of inflation? Discuss what is meant by the country's inflation rate. ...
1. Assume that the government's economic outlook is shaped by Keynesian economic philosophy and policies with regard to an inflationary gap. i) Explain and use the AD/AS model to show what happens if Describe Keynesian Economics as it ...