ECONOMICS 102 PRACTICE MIDTERM #2 Covered: Chapter 5 Large Open Economy Chapter 7 (No velocity or elasticity) Chapter 9 (No AD/AS model) A. Multiple choice 1. The nominal demand for money is proportional to a. real income. b. the nominal interest rate. c. the nominal interest rate on money. d. the price level. e. None of the above. 2. Lower interest rates increase the real quantity of money demanded a. by changing the distribution of wealth toward the poor‚ who have
Premium Inflation Macroeconomics Monetary policy
A Study on Grade Inflation: The Inflation of Grades in American Educational Institutions An epidemic is what one might call the trend of the slowly increasing average in the grades of colleges all across America. It is a particularly subtle ascension‚ albeit a troublesome one. Grade inflation is a major issue in the American educational institutions it affects- data reveals the various causes that lead to the inflation of grades- caused both by students and their instructors‚ which in turn has many
Premium Vietnam War High school Ivy League
i) Discuss the effects of inflation on consumers in the country. One should wonder how the average wage earner is going to survive in the city with the arbitrary hikes in food prices‚ not only in Kuala Lumpur but word has it that food prices are generally 20 to 30% higher over in East Malaysia. Hawkers and restaurants seem to raise their prices‚ usually citing the oil hikes and its gravy train effect on every thing from higher transportation costs‚ higher labour costs‚ profiteering and essential
Premium Malaysia Kuala Lumpur Inflation
The STP Process in Marketing Management By Chrissy Rice‚ eHow Contributor Print this article STP stands for segmentation‚ targeting and positioning. STP‚ which stands for segmentation‚ targeting and positioning‚ is a fundamental concept in marketing management. It is usually the first step in developing a marketing plan. The three parts of the concept maximize exposure and market saturation by looking at the most important factors that impact how a good or service will be received.
Premium Marketing Marketing management
THE TWO GAP MODEL AND THE NIGERIAN ECONOMY. - BRIDGING THE GAPs WITH FOREIGN DIRECT INVESTMENT. . By Bakare Aremu‚ Tunde Abubakar Department of Economics ‚ university of lagos‚ akoka‚ yaba ‚lagos And Bashorun‚ oladipo titilayo Department of Finance ‚ university of lagos‚ akoka‚ yaba ‚lagos ABSTRACT Holis Chenery (2005) proposed existence of 2-gaps in LDCs in his TWO GAP MODEL. This research work sought to unveil the existence of the gaps in the Nigeria economy. We realized that domestic
Premium Investment International trade Macroeconomics
the channels through which inflation affects this relationship are not as much of systematically explored. The effect of inflation occurs through a wide variety of direct and indirect channels. Inflation increases transactions and information costs which directly inhibit economic development. For example‚ economic agents will find planning difficult when inflation makes nominal values uncertain. Firms and individuals will be reluctant to enter contracts when inflation is imperfectly predicted and
Premium Inflation Economics
Published in Computing and Systems Technology Division Communications‚ American Institute of Chemical Engineers‚ 18(2)‚ 1995. Low Cost Virtual Reality and its Application to Chemical Engineering - Part Two John T. Bell & H. Scott Fogler University of Michigan June 1995 Introduction and Update from Part One This article has been broken up into two parts‚ the first of which presented an introduction to virtual reality and some discussion of what low-cost hardware and software options are available3
Premium Virtual reality Chemical engineering
DEPARTMENT OF MANAGEMENT AND MARKETING Macroeconomic Assignment Topic: Inflation in the economy and selected measures against inflation TABLE OF CONTENT 1. OVERVIEW OF ECONOMIC PERFORMANCE IN VIETNAM Vietnam joined the World Trade Organization in January 2007 and transformed from a heavily indebted country to a low middle income one in 2010. After opening up the country’s economy to foreign investors‚ its GDP grew by 7.3% on average from 2001 to 2010
Premium Monetary policy Inflation Central bank
Journal of Management and Corporate Governance © 2010 Cenresin Publications www.cenresin.org Volume 2‚ December 2010 INVESTIGATING THE RELATIONSHIP BETWEEN VAT AND GDP IN NIGERIAN ECONOMY Denis Basila Department of Accounting Adamawa State University‚ Mubi‚ Nigeria denis.basila@yahoo.com ABSTRACT This study is an empirical investigation into the relationship between Value Added Tax (VAT) and Gross Domestic Product (GDP) in Nigeria. This research is significant for planning and policy formulation
Premium Gross domestic product Value added tax Tax
Inflation It’s causes‚ effect and remedies. By: Subrat Choudhury Inflation and Deflation I INTRODUCTION Inflation and Deflation‚ in economics‚ terms used to describe‚ respectively‚ a decline or an increase in the value of money‚ in relation to the goods and services it will buy. Inflation is the pervasive and sustained rise in the aggregate level of prices measured by an index of the cost of various goods and services. Repetitive price increases erode the purchasing power of money and other
Premium Inflation