STICKY PRICES AND THEIR MACROECONOMIC CONSEQUENCES To understand the economic fluctuations‚ many economists have focused attention on economic coordination problems. Normally‚ the price system efficiently coordinates what goes on in an economy even in a complex economy. The price system provides signals to firms as to who buys what‚ how much to produce‚ what resources to use‚ and from whom to buy. For example‚ if consumers decide to buy fresh fruit rather than chocolate‚ the price of fresh fruit
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The Mexican Drug War and Its Consequences Despite President Felipe Calderon’s good intentions and determination to eliminate the drug cartels in Mexico‚ the Mexican government has not been able to stop the drug cartel’s operations (smuggling drugs‚ people and weapons to and from the USA) for many reasons. The drug cartels have proven to be powerful‚ well connected politically‚ well trained‚ well- armed‚ and manipulation of the masses. Therefore‚ it has been impossible for the Mexican
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Social Consequences The First Industrial Revolution is the name given to the years between 1780 and 1850 when agriculture was replaced by industry as the main wealth source in the Western world. With this major shift also came considerable societal disadvantages. I will justify my choice for the two most significant social consequences‚ the changes in family life and the penalties of child labor The role of the family was forever changed during the Industrial Revolution. When agriculture was the
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economic interests for the country. Mining activities are carried out on patches of land which were cleared from the forests. As the demand for more resources increase‚ more land would be cleared for the mining of these resources. One of the consequences of deforestation is global warming which is an irreversible process. As trees are burnt down to increase usable land‚ huge amounts of carbon dioxide are released into the atmosphere through combustion. Also‚ the stored carbon that is soaked up
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The Civil War of Spain lasted from 1936 to 1939 is considered as the prelude to World War II being the testing ground for the Great Powers in such great war. The country had considered certain challenges revolving around political‚ economic‚ and social domains during the first few years of the twentieth century. Undoubtedly‚ the factors leading Spain to such war depends on the reasons for the emergence of conflicting aspects that evolved. It is not appropriate to comment that civil wars are equivalent
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1. Chapter 8: Seven (7) “Consequences of Social Class” are covered by the author. You need to clearly identify and discuss four (4) of these. Social Class affects all aspects of our life‚ from dying early to getting sick‚ to good health care‚ divorce‚ and how we raise our children‚ our religion‚ our political preference‚ what education standards is within our reach‚ right down to people who commit crimes and the criminal justice system. The following seven “Consequences of Social Class” are Physical
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Consequences of WWI on USA Society The 1920s is often called the decade of extremes or the Roaring Twenties. The economy was booming‚ which made mass-produced goods available to people in lots of ways that they weren’t before. WWI made USA the richest country in the world. The 1920s was the age of cars‚ radio‚ cinemas and high living standards‚ which brought major changes to the American way of life. Women had gained the right to vote and were starting to rebel against the social norms of their
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opposed to a repeat offender who will receive a minimum of 5 years according to subsection (1). Similar to section 99‚ section 100 talks about the actual possession of a restricted weapon for the transfer or offering to transfer results in the same consequences meaning that first time offenders will receive
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The social consequences of the second industrial revolution were the impact it had on the quality of life for the urban family who previously spent time working around the home but now had to commute the city to work in factories. The work was more labor driven then working
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world. It is naive to think that American women do not struggle‚ but at least they can go outside their homes without needing a male chaperone. Being an American woman means not only making decisions without having to worry about life threatening consequences‚ but also having the ability to be a contributing member of society. Being American means the right for all women to receive an education. In Nigeria‚ which is the third richest country in Africa‚ almost five and a half million girls will
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