John M Roberts is a doctorate from Stanford University and currently an adviser at the Federal Reserve. He published the earliest article on New Keynesian Phillips Curve in the Journal of Money, Credit and Banking in the year 1995. He is one of the New...
Thomas Friedman’s The World is Flat is relevant towards macroeconomics by introducing topics that relate to how the economy works today. More specifically, in regards to what Friedman means by “The World is Flat,” and how those who will be growing up into it will...
Generally, most people feel that the world “Economics” is quite familiar, but it is hard to explain the subject surely. There are many different answers regarding with economics, some people can say ‘it is about studying of money”, “It is a kind of making business...
The Philippines is a country situated in Southeast Asia, on the Western side of the Pacific Ocean. It is a former colony of Spain and as of today combines together some 7641 islands to form the nation. The country’s location makes it vulnerable to typhoons...
Globalisation entails the progressive breakdown of artificial barriers between economies, allowing for the effective flow and exchange of goods and services. Globalisation has extensively impacted the global economy and empowered nation states to strategically develop initiatives and policies to promote economic growth and development. The...
The United States GDP in the second quarter was a total of $5,335,067 million. GDP is a total monetary or market value of all the finished goods and services produced within a country's borders within a specific time period. GDP does not take into account...
Executive Summary GDP (Gross Domestic Product) is one of the most arguable and debatable topic through out the world because of the way it works. It does not represent the quality of life because during the valuation of GDP, we never consider the factors associated...
The United States governments spending habits has also been an intriguing question that no one man or body has been able to find a solution. Many would think that their overall goal is for the country to get out of debt, but the actions of...
One of the most influential women in economic history is Joan Robinson. She studied and promoted Keynesian theory throughout her extraordinary career and published multiple famous works that supported her innovative ideas on the topics in her field of economics. She is remembered today as...
Classical economists anticipate so manufacturing expenses are the nearly vast issue within the object cost. Neoclassical economists agree with up to expectation the buyer's point of view about the fee about manufacture is the pilot on its cost. They think about financial balance the distinction...
Introduction Monetary policy is the macroeconomic policy by the central bank. It involves the management of the money supply and interest rate and used by the government of countries to achieve macroeconomic objectives such as inflation, consumption, growth, and liquidity. The central bank which served...
Macroeconomics is a study of economics that tells about the overall economy it deals with the Gross domestic product (GDP), national income, inflation, rate of economic growth, changes in unemployment, and price level. Canadian research on food guide, firstly they have researched the previous research...
In this generation we are living, Economics has greatly shaped the way society operates in terms of providing goods and services to the people. For our country to develop, we must focus not only on the individual consumers and producers but also to the economic...
When I embarked on this course several weeks ago, I was entirely unaware of the realm of Macroeconomics and held no enthusiasm for delving into the subject matter. As I delved into the initial chapter of the book, I found myself thinking, "This semester is...
Health Status vs. Economy Health has a special place in the economy of a country. The wealth of a nation is measured by the health status of its citizens. Thus, health performance and economic performance go hand in hand. Health issues directly affect education, labor...
“Economics is a study of mankind in the ordinary business of life. It examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of well-being. Thus, it is on the study...
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