Macro 202: Review Quiz 2 Say’s Law: Investment: Interest Rate: Diminishing Returns: Aggregate Demand: Barter: Great Depression: C-C’: C-M-C’: Crowding Out: The (Neo)Classical Model Answer each question using the classical model. (1) What determines the level of employment (N)? Draw and label graph #1. What is this graph called? (2) What determines the level of output? Draw and label graph #2. What is this graph called? [hint: Y = f (K*‚ … )] (3) What determines the
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PRE-READINGS: Module 1: Global Macro & Asian Markets Prof Thomas Pugel Prof Danyang Xie November 26 - 29‚ 2012 (Mon - Thu) You are required to prepare all Pre-readings before class. Please bring along your pre-readings. No extra copy will be distributed in class due to copyright issue. For Prof Thomas Pugel’s session: 1. “World Economy‚” FT Special Report‚ Financial Times‚ October 12‚ 2012‚ 8 pages. The following six sections from this special report are required reading: “Hopes turn to fear
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Task The chancellor said employers would be forced to pay staff a minimum of £7.20 an hour from next April 2016‚ and raise wages by 6% a year on average to around £9 an hour by the end of the year 2020. 1. How the changes to minimum wage could possibly affect the unemployment rate 2. What will be the macroeconomic effects of minimum wage change in the economy? Introduction In this report I am going to highlight how the increase of the minimum wage could possible affect the unemployment rate and
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Denial of Gay Marriage: Macro Theories and Effects on the Population Introduction and Effects For thousands of years heterosexual couples have been wed into the institution of marriage. Until recently‚ the population of same sex partners who are denied equal familial rights was primarily only an issue within the gay‚ lesbian‚ bisexual and transgendered (GBLT) community. Same sex relationships parallel those of traditional marriage such as commitment‚ sacrifice‚ and sharing of responsibilities
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7-eleven‚ Circle K and VanGo. Their products become substitute of supermarket. Convenience stores selling some Fast Moving Consumer Goods (FMCG) like soft drinks‚ dairy products‚ packaged foods. Those FMCG are also sold by supermarkets. Many people buy raw food like fresh vegetables and fresh meat to cook at home. So another substitute are food of restaurants. Also‚ products of bakery are a substitute of bread in supermarket. In addition‚ most of the local pharmacies selling medicine‚ personal
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The growth of supermarkets does however have some benefits for competition. Firstly‚ due to the uniformity of products‚ prices are easily comparable across stores for consumers. This means they can compare pricing strategies of different supermarkets and see which has the most competitive pricing‚ therefore get the best deal available to them‚ increasing competition and allowing consumers to make a more informed choice when buying. Prices of commodities do not fluctuate a lot because of this‚ as
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The macro environment of the Western European brewing industry was analyse using the PESTEL framework to understand and assess the impact of the various external factors namely political‚ economic‚ social‚ technological‚ environmental‚ and legal. Political At the beginning of the 21st century the European governments forbear dynamic participation in the beer industry‚ which was considered as an important part of government revenues‚ moreover all this government started big campaigns against alcoholism
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RUNNING HEADER: HOW UNEMPLOYMENT RATE AFFECT COUNTRIES How the Unemployment Rate Affects a Countries Economy In 2010 Abstract This paper is about how the high unemployment rate has an affect on the economy. The high unemployment rate had an affect on the Gross Domestic Production as well how it had an affect on the economy as well. This paper covers when the Gross Domestic Production went up the unemployment rate had gone down as well. The high unemployment
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EXECUTIVE SUMMARY The macro-environment consists of larger societal forces that affect entire micro-environment. The six forces making up the company’s macro-environment include demographic‚ economic‚ natural‚ technological‚ political/legal‚ and social-cultural forces. Companies must constantly watch and adapt to the marketing environment in order to seek opportunities and ward off threats. "The marketing environment comprises all the actors and forces influencing the company’s ability to transact
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Drew Haley Overview The Organization of the Petroleum Exporting Countries (OPEC) was formed in 1960 to unify the policies of oil exporting countries in the Middle East (About Us). During the 1973 Arab-Israeli War‚ the United States and Netherlands helped Israel in this war with supplies. This angered OPEC countries and acted as a catalyst for the 1973 oil embargo (Reid). Many countries in OPEC and most notably Saudi Arabia‚ wanted Israel to retreat from territories they gained during the war
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