The US economy went into recession in March 2001 and in response‚ the government introduced a tax rebate programme which amounted to cheques of $300 or $600 being sent to about 2/3 of US households. The aim was to mitigate the recession. What would consumption theories discussed predict to be the outcome? A recession is a prolonged period of time when a nation’s economy is slowing down‚ or contracting. Such a slow-down is characterized by a number of different trends‚ including: * People buying
Premium Unemployment Economics Macroeconomics
Yes Globalisation is necessary‚ for an economy to grow. Globalisation refers to the integration of economic‚ technological‚ socio-political factors with the world. And with globalisation‚ with the mutual co-operation and assistance -particularly with reference to the law of comparative advantage- it is going to be beneficial. Globalisation also helps reducing the poverty level in the country-there are plenty of evidences and record to support it.Developing countries specially require globalization
Premium World Bank Economics Poverty
By Any Means Necessary Brittany Heil June 23‚ 2013 “We declare our right on this earth…to be a human being‚ to be respected as a human being‚ to be given the rights of a human being in this society‚ on this earth‚ in this day‚ which we intend to bring into existence by any means necessary.” Theses are the words of Malcolm X‚ a civil rights leader and political activist in the 1960s. Malcolm X was perhaps one of the most controversial elements in the civil rights movement. His life was full
Premium Malcolm X White people Black people
Analysis of Macroeconomic Indicators Of China Analysis: Macroeconomic Indicators along with values is provided in the below table Macro Economic Indicators | Value | GDP Growth Rate | 9.1% | IIP Growth Rate | 14% | Agricultural Growth Rate | 4.3% | Fiscal Deficit | 800 billion yuan | Interest Rates | 6.56% | Exports | 180.2 billion USD | Imports | 148.5 billion USD | Current Account Deficit | 59.8 billion USD | Inflation | 7.65% | Foreign Exchange Reserves | 3.24 trillion USD | GDP Growth
Premium Macroeconomics Inflation Monetary policy
Australia Facts: Interesting Facts About Australia The Land Down Under is an anomaly in many regards. It is an island‚ a country‚ and a continent at the same time. Keep reading to learn some very interesting facts about Australia. Situated in the Southern Hemisphere‚ the Commonwealth of Australia comprises the continental mainland‚ the Tasmanian island‚ and many other smaller islands. One of the interesting facts about Australia is that the oldest skeleton found in Australia is reportedly more
Premium Australia
Is the death of one worth the safety of another? Many would say no. The testing of animals is extremely unfortunate‚ but also necessary. Due to the fact that animals are perfect test subjects‚ they have helped find cures for many diseases and have made products safer for not only human use but animals as well. According to the California Biomedical Research Association‚ almost every medical breakthrough in human and animal health has been through a direct result of animal research for over a hundred
Premium Animal testing Medical research Animal rights
maybe a certain application is only open to a certain race or gender because what happen in their heritage past.President Lyndon Johnson came up with affirmative action in 1965 claiming it was necessary in order for everyone to have the same fighting chance in society.Affirmative action can be seen as necessary for those who need it or get it because their race or gender‚ but not everyone needs it or gets it. Those who do not need or get affirmative action oppose it greatly. Affirmative action can
Premium Affirmative action Discrimination Black people
Current Macroeconomic Situation in the United States DeVry University Economics Instructor: Professor Bergan June 16‚ 2013 The macroeconomic situation in the United States can be determined by looking at what part of the business cycle the economy currently falls within. According to McConnell‚ Brue & Flynn (2012) “Business cycles are alternating rises and declines in the level of economic activity‚ sometime over several years” (p. 527). A typical business cycle consists of a peak‚ a recession‚ a trough
Premium Unemployment Economics Inflation
Fundamentals of Macroeconomics Fundamentals of Macroeconomics Stafford M. McClendon ECO372 University of Phoenix Online Part 1 Describe the following terms in your word. • Gross domestic product (GDP) The Market value or measure of how strong a countries economy is. Also a measure of the dollar value or goods produced at a given time period. • Real GDP Real GDP represents the actual dollar value exercised for constant change. Market
Premium
Millennium Development Goals The Millennium Development Goals (MDGs) are eight international development goals that were officially established following the Millennium Summit of the United Nations in 2000‚ following the adoption of the United Nations Millennium Declaration. All 193 United Nations member states and at least 23 international organizations have agreed to achieve these goals by the year 2015. The goals are: 1. eradicating extreme poverty and hunger‚ 2. achieving universal primary
Premium Millennium Development Goals