Premium Essay

I Dont Know

In: People

Submitted By rubyzara1
Words 386
Pages 2
An even bigger attack on Keynesianism came from Robert Lucas, the founder of a theory called rational expectations. Although one aspect of this theory won Lucas the Nobel Prize in 1995, history has not been kind to the rest of it. Lucas himself has abandoned work on rational expectations, devoting himself nowadays to other economic problems, and his once broad following has almost completely dissipated.

There are two main parts to rational expectations. First, Lucas believed that recessions are self-correcting. Once people start hoarding money, it may take several quarters before everyone notices that a recession is occurring. That's because individual businessmen may know that they are making less money, but it may take awhile to realize that the same thing is happening to everyone else. Once they do recognize the recession, however, the market quickly takes steps to recover. Producers will cut their prices to attract business, and workers will cut their wage demands to attract work. As prices fall, the purchasing power of the dollar is strengthened, which has the same effect as increasing the money supply. Therefore, government should do nothing but wait the correction out.

Second, government intervention ranges from ineffectualness to harm. Suppose the Fed, looking at the leading economic indicators, learns that a recession has hit. But this information is also available to any businessman in any good newspaper. Therefore, any government attempt to expand the money supply cannot happen before a businessman's decision to cut prices anyway. Keynesians are therefore robbed of the argument that perhaps the Fed might be useful in hastening a recovery, since Lucas showed that the Fed is not much faster than anyone else in discovering the problem.

Lucas then gave a slightly fuller version of the Milton Friedman argument outlined above. Suppose the Fed…...

Similar Documents

Premium Essay

I Dont Know

...well-researched information • To be able to prepare a topic in detail • To respond fully when prompted, basing responses on factual knowledge • To be able to present a logical argument coherently and clearly • To be able to use abstract language • To show initiative and imagination • To use the target language spontaneously and with increasing fluency • To use formal as well as informal language • To use accurate pronunciation and appropriate intonation • To show knowledge of, and an ability to use, a range of structures • To use complex structures when appropriate Your level of competence in these areas can be developed to a large extent through independent study and preparation. What should I do now? Your language GCSE will have given you a good background and understanding of French in day-to-day situations in both its written and spoken forms. You will already be able to use the language practically to find out information and to handle situations in which you might find yourself. You will have written language skills for purposes like leaving messages, writing postcards and short letters and creating school magazine articles about your life and experiences – and you can explain some of your thoughts and feelings about these. There are lots of things you can do to help you approach A Level and IB study more confidently. Explore and investigate! Access foreign newspapers and magazines – these are usually......

Words: 929 - Pages: 4

Premium Essay

I Dont Know

...obtained from the client d. (4) Effective internal control provides more assurance about the reliability of audit evidence 7-28 a. (1) to coordinate the audit b. (4) a record to be used as a basis for the following years engagement c. (4) Auditing procedures followed and the testing performed in obtaining evidential matter. d. (1) lead schedule 7-29 a. (1) External (10) External (2) Internal (11) External (3) External (12) External (4) Internal (13) External (5) Internal (14) External (6) External (15) External (7) External (16) External (8) Internal (17) External (9) External (18) Internal b. “Because external documents have been in the hands of both the client and another party to the transaction.” I take that as external documents are sometimes prepared by the third party and/or viewed by lawyers and other qualified experts, the experts has no reason to lie or commit fraud for the client. Chapter 8 8-25 a. (3) Arrange a preliminary conference with the client to discuss audit objectives, fees, timing, and other information b. (2) verifying the valuation of related party transactions. c. (4) Borrowing money at a rate significantly below the market rate d. (1) Auditor expresses a qualified opinion as a result of the specialist finding. 8-28 1. (1) accept client and perform initial audit planning 2. (2) understand the clients business and industry 3. (4) perform preliminary analytical procedures 4. (3)......

Words: 505 - Pages: 3

Free Essay

I Dont Know

...kom det i salaten. Rør ingredienserne til dressingen sammen og smag den til. Hæld dressingen over salaten og drys med pinjekerner inden servering. Bønnesalat med pærer og sprøde tortillas Til 4 personer 2 dl brune bønner 2 majstortillas 2 spsk neutral olie 1 tsk stødt spidskommen 2 pærer 1 bdt koriander Dressing: 1 spsk neutral olie saft fra 1 lime 1 tsk flydende honning salt og peber Sæt bønnerne i blød i mindst 8 timer. Skyl dem og kog bønnerne under låg i et nyt hold usaltet vand, til de er møre, ca. 45-55 minutter. Skyl dem efter kogningen og lad dem dryppe godt af i en sigte. Klip eller skær tortillas i små trekanter og varm en pande godt op med olie. Steg de små trekanter i olien, indtil de er sprøde og gyldne – det går ret hurtigt. Læg dem på fedtsugende papir, og drys med spidskommen. ------------------------------------------------- Skær pærerne i små tern, hak koriander groft og bland begge dele sammen med bønnerne. Rør ingredienserne til dressingen godt sammen, smag til og vend det rundt i bønnesalaten. Anret de sprøde tortillas ovenpå salaten og server straks. Quinoa-salat med gulerod og gedeost Til 4 personer 2 dl hvid quinoa, kan købes i større supermarkeder eller helsekostbutikker 2 gulerødder 1 bdt brøndkarse 100 g fast gedeost, fx gedegouda 2 skiver rugbrød 1 spsk neutral olie Dressing: 2 spsk olivenolie 2 tsk æblecidereddike 2 tsk flydende honning salt og peber Skyl quinoaen grundigt, og kog den i......

Words: 546 - Pages: 3

Premium Essay

I Dont Know

...Have you ever attend any talk that requires ones to speak in front of hundreds or maybe thousands of audience? Of course the answer is yes, right? What do you think about the speaker? How does he or she speak? Interesting? Not interesting? Did you being attentive? If not, why? Do we have to put the blame on the speaker for not being good enough as a public speaker? A boring speaker will definitely causes a boring speech. Thus, what does it takes for one to be a good speaker? What must you have to be a good speaker? I am here to write and to tell you the secrets to be an interesting public speaker as it will ensure you are delivering presentations that will influence, inspire, and make a meaningful impact on your audience. Do you think that being a public speaker is only about reading notes or points from your flash cards? If it is as easy as that, I would just call my 7 years old sister to present with her flash cards. One must know that, to be an effective speaker, you must first understand who you are as a speaker and as a person. What are your strongest interpersonal qualities? Do you have good interpersonal skills? How do you best connect with others? What qualities do you need to work on? The most effective speakers are constantly working to capitalize on their strengths whether that’s great storytelling or a talent for getting the audience to participate and even to improve upon their weaknesses. Tapping into your most powerful interpersonal qualities is an excellent......

Words: 277 - Pages: 2

Premium Essay

I Dont Know

...any offers they may have that will attract even more customers. E-Commerce websites have also made it possible for pre-order events to take place online where customers are able to pre-order goods and services before they are officially launched. Many businesses that use social media will also create offers that are based on trending news stories, aka reactive marketing. This will then help businesses to market themselves as well as promoting the news story. * Bricks and clicks The term ‘bricks and clicks’ refers to retailers that have both an e-Commerce website as well as a physical store on the high street where their customers can collect or return items that they have purchased. This then gives the customer the best of both as they know that if they need to return items, they can then do so very quickly and speak directly with a staff member to resolve any issues. Many people still prefer to purchase expensive items from a local store as it can be expensive, time consuming and a lot of hassle to ship the item back to the manufacturer. Benefits for the customers Online shopping offers its customers several advantages over the traditional high street shopping, which include: * The ability to shop 24/7 * The convenience of being able to shop from home and on a mobile device anywhere * Being able to search, find and buy products considerably faster than in a traditional store * The ease of comparing prices across multiple sites within the global market *......

Words: 914 - Pages: 4

Free Essay

I Dont Know

...CHAPTER 2—DESCRIPTIVE STATISTICS: TABULAR AND GRAPHICAL DISPLAYS MULTIPLE CHOICE 1. The minimum number of variables represented in a bar chart is a.|1| b.|2| c.|3| d.|4| ANS: A PTS: 1 2. The minimum number of variables represented in a histogram is a.|1| b.|2| c.|3| d.|4| ANS: A PTS: 1 3. Which of the following graphical methods is most appropriate for categorical data? a.|ogive| b.|pie chart| c.|histogram| d.|scatter diagram| ANS: B PTS: 1 4. In a stem-and-leaf display, a.|a single digit is used to define each stem, and a single digit is used to define each leaf| b.|a single digit is used to define each stem, and one or more digits are used to define each leaf| c.|one or more digits are used to define each stem, and a single digit is used to define each leaf| d.|one or more digits are used to define each stem, and one or more digits are used to define each leaf| ANS: C PTS: 1 5. A graphical method that can be used to show both the rank order and shape of a data set simultaneously is a a.|relative frequency distribution| b.|pie chart| c.|stem-and-leaf display| d.|pivot table| ANS: C PTS: 1 6. The proper way to construct a stem-and-leaf display for the data set {62, 67, 68, 73, 73, 79, 91, 94, 95, 97} is to a.|exclude a stem labeled ‘8’| b.|include a stem labeled ‘8’ and enter no leaves on the stem| c.|include a stem labeled ‘(8)’ and enter no leaves on the stem| d.|include a stem labeled ‘8’ and enter...

Words: 6861 - Pages: 28

Premium Essay

I Dont Know

...sticking with the brand, taste. Coca-Cola has a very distinct taste compared to their competition, which all taste the same from one cola to another in my opinion anyway. Therefore, a less loyal customer would simply move on and buy an alternative product that is similar to this one. By taking this action it can be said that Coca-Cola demonstrated a “door on the face” technique. They scared their customers with a threat of such a drastic change.  The Coca-Cola Company did though rebranded the original product, calling the original “Coca – Cola Classic”, which resulted in a significant increase in sales.   2) There have always been numerous choices on the shelves of supermarkets, delis and restaurants offering different types of colas. However, I believe there are two brands that which started it all Coca-Cola and Pepsi. It is the two of these brands that through-out the years have created the most brand loyalty. The main reason for this divide between the two companies is the taste of the cola. Sure, there are a variety of colas on the market but if you asked most people they clearly have their favorite and vary rarely will drink the other unless there is no other alternative. Customers will buy Coca-Cola whether it is “on sale” or not. Creating different products to offer the consumer under the same brand allows a company to extend their line but give their customers different tastes to choose from. Coca-Cola launched Coke Zero which has a different taste from their......

Words: 1297 - Pages: 6

Premium Essay

I Dont Know

...Hi, I’m Amy and today I’m talking about how the younger generations are being taught all the wrong morals. What do we mean when we talk about morals? Why have we allowed the younger generations to become morally unkept? Who is at fault for them becoming like this? Who is supposed to teach the younger generation the right morals? Parents. Teachers. Peers. How have we allowed society to become so dysfunctional? All we ever see on the news these days are teenagers committing atrocious crimes and getting away with just a slap on the wrist, or getting away with it full stop because the general public are scared of the repercussions. A 16 year old boy from Texas was drunk driving when his car hit another vehicle and four other people stood at the side of the road, seven were injured in total. Earlier that night the teen and his friends were caught on surveillance cameras stealing two cases of beer. According to the courts it wasn’t his fault as he suffers with a ‘condition’ called Affluenza. Affluenza is an excuse used when referring to young people who have grown up wealthy and are apparently not ‘responsible’ for their actions, therefore justifying their poor behaviour on somebody else part and taking no responsibility for themselves. We are indirectly teaching the younger generation that there are no consequences to their actions and this needs to change. Professor A.C Hopkinson from the University of Cambridge says “The youth of today are surrounded by many......

Words: 314 - Pages: 2

Free Essay

I Dont Know

...II. Demographic Paragraph on your topic, statement of the problem, delineation of a human diversity issue. (To be submitted in the 8th week) By now, you should be able to articulate a clear topic title of your management project. Create an introduction to your topic by defining a problem/issue that is encompassed by your two readings. Using the Tentative Annotated bibliography and topic statement from week 3, expand your discussion of the connections of your topic to the required components for the project: Systems Theory Model, human diversity, some aspect of family or consumer resource management. After you have developed the connections, delineate the problem/issue by highlighting statistics and facts that make this an important problem or issue for which the class should be concerned/interested. You should go outside the two articles that you have read to find this information. An example might be citing such things as “1 of every 2 marriages ends in divorce” to focus attention on how frequently the marital system breaks down to introduce why you are focusing on how to make a marriage last. Note: this assignment is to total approximately 400 words. (Make sure to identify a source for your statistics/facts that is other than the two articles read.) Title: Parental Behaviors Effecting Children Introduction: From the time that a child is born to their adulthood, they are being influenced by their parents, from participation in physical activity to stress......

Words: 754 - Pages: 4

Premium Essay

I Dont Know

...continuation. and, too, also, furthermore, moreover, in addition, besides, in the same way, again, another, similarly, a similar, the same, ... Cause and effect. therefore, so, consequently, as a consequence, thus, as a result, hence, it follows that, because, since, for, ... Concession. Indicates a willingness to consider the other side. admittedly, I admit, true, I grant, of course, naturally, some believe, some people believe, it has been claimed that, once it was believed, there are those who would say, ... Exemplification. Indicates a shift from a more general or abstract idea to a more specific or concrete idea. for example, for instance, after all, an illustration of, even, indeed, in fact, it is true, of course, specifically, to be specific, that is, to illustrate, truly, ... Refine and Proofread When you're done, take a break so you can come back to your writing with fresh eyes. Ask yourself: Is the writing clear? Do the ideas make sense? Are all of my requirements fulfilled? Did I avoid repetition? Good Text Organisation All the hard work can be spoilt by poor text organisation, often because: You know your work so well, you assume it’s clear You leave no time for proof reading Aspects of text organisation Cohesion Punctuation Reference(s) Coherence Cohesion All the parts or ideas should fit together well so they form a united whole. This is done by using: Pronouns (this/these, it/he/she) Repetition Synonyms Cohesive markers (firstly,......

Words: 1686 - Pages: 7

Premium Essay

I Dont Know

...[pic] Airtel Information Guide [pic] Installation / Fault Date : 12/ 10 / 11 Tale phone : 01204230898 Login ID (Username) : 01206087012_dsl@airtelbroadband.in Password : 7005311323 Oder id : 1191908 Task id : 3544468 Speed in Your Plan : 2 mbps To check Your Connection Speed go to Site http://speed.ncr.airtelbroadband.in First Level Troubleshooting If your Internet not working please restart your computer & off / on the modem and wait 2 min. then start. [pic] [pic] Beetel 220BX / 110BX / Wifi Router (Check your modem LED status) 1. Red LED showing power: - If light not glowing checks your power plug and modem adaptor. 2. Yellow LED-showing Link: - If light is not glowing check the RJ11 cable, Splitter connection and phone line (if line phone dead contact to phone dept.) (SPLITTER CONNECTION) [pic] 3. Green LED showing data transfer: - If this light not blinking please on / off the modem. 4. Last Green LED showing computer to modem connectivity: -If light not display check USB / LAN...

Words: 778 - Pages: 4

Premium Essay

I Dont Know

...in other wards people come to the United States with the hope of getting a better life and achieving the ultimate “American Dream”. Indeed the United States being a developed country and having one of the best economy has favourable living conditions in comparison to other parts of the world. This was not the basic reason back in the 17thand 18th century where America was more so a dump place for the poor or people trying to escape harsh governments. Immigration into America is still going on to this very day and it has become an issue amongst many who claim that it is impacting the country in a negative way. Is immigration really having a negative impact in the United States? Perhaps Immigration does have its pros and cons. All together I do agree that there are a lot of effects of a large movement of people into the United States. One of them largely being the variety of races that has made America a uniquely diversified nation that it is today. One of the races being Iranian American that’s purely an immigration group considering that they all came from the Iranian Republic. Digging a little into history acknowledges the fact that America was originally occupied my Native Americans. Therefore majority of the population in America is by fact as a result of immigration. Due to this the United States has endeavoured to put a lot of strict laws and policies governing immigration. This is also coupled with the fact that there a lot of undocumented citizens walking and......

Words: 410 - Pages: 2

Free Essay

I Dont Know

...Dear Mr. President, As you know, civic and political participation is important. It allows any citizen to be active in the government. Some people in the world are more active than others. One of those people happens to have been Dorothea Dix. I am writing you to see if there is any way we could acknowledge what Dix did for the people of our country. Dorothea Dix was born in Hampden Maine in 1802. Her journey began when she witnessed the horrible conditions of a women’s prison in Massachusetts. She saw how the prisoners, especially the mentally ill, were being treated, and knew she had to make a change. She spent the next 40 years of her life trying to improve conditions. Dix began traveling throughout the state to research the conditions of other prisons. She gathered information that she then presented to the Massachusetts legislature. By doing this, she managed to get more money for the expansion of the State Mental Hospital. Although this itself was a major accomplishment, she wasn’t satisfied. She then traveled all over the country doing more research such as the conditions of the prisons, and the treatment of the patients. She started campaigning to create humane asylums and succeeded in quite a few states. Next, Dix decided to go to congress. She wanted them to grant her more than 12 million acres of land to use for the benefit of the mentally ill. Both houses of congress approved the bill, but it was vetoes by President Franklin Pierce in 1854. Dix was less than...

Words: 428 - Pages: 2

Free Essay

I Dont Know

...(mabagal na) (tapos) I'm Yours Well you done done me and you bet I felt it I tried to be chill but you're so hot that I melted I fell right through the cracks Now I'm trying to get back Before the cool done run out I'll be giving it my bestest And nothing's going to stop me but divine intervention I reckon it's again my turn to win some or learn some But I won't hesitate no more, no more It cannot wait, I'm yours Well open up your mind and see like me Open up your plans and damn you're free Look into your heart and you'll find love love love love Listen to the music of the moment people, dance and sing We're just one big family And it's our God-forsaken right to be loved loved love love So I won't hesitate no more, no more It cannot wait, I'm sure There's no need to complicate, our time is short This is our fate, I'm yours D-d-do do you, but do you, d-d-do But do you want to come on Scooch on over closer dear And I will nibble your ear I've been spending way too long checking my tongue in the mirror And bending over backwards just to try to see it clearer But my breath fogged up the glass And so I drew a new face and I laughed I guess what I be saying is there ain't no better reason To rid yourself of vanities and just go with the seasons It's what we aim to do, our name is our virtue But I won't hesitate no more, no more It cannot wait, I'm yours Open up your mind and see like me (I won't hesitate) Open up your plans and damn you're......

Words: 750 - Pages: 3

Free Essay

I Dont Know Na

...PROTEIN REQUIREMENT Step 1: Convert Body Weight in pounds to Body Weight in Kilograms. See Chart below or divide weight by 2.2. (150/2.2 = 68 kg) 130 Lbs. = 60 kg. Step 2: Multiply kg. X .8 g (sedentary requirement) Kg._60__ X .8 g = 48 grams of protein intake recommended daily ___48_ grams of protein x 4 = _192____calories of protein daily Step 3: Multiply___60_ kg. X 1 g(AVG) ___60__kg. X 1.0 = _____60__ grams of protein intake daily ___60___grams of protein x 4 = __240___calories of protein intake daily Step 4: Multiply _60___kg. X 1.5 g (heavy training and weight loss) 60 Kg. X 1.5 = 90 grams of protein intake daily. __90____grams of protein X 4 = ___360__calories of protein daily Step 5: Compare these number of grams and calories to using the % of total diet calories. I.E.Your total diet calories per day___ X .15= ____protein calories or use .20 X ______total calories per day=______ protein calories. Divide calories by 4 to get grams. Table G.1 The Conversion of Pounds (lb.) to Kilograms (kg Lbs. kg Lbs kg Lbs. kg 70 32 150 68 230 104 75 34 155 70 235 107 80 36 160 73 240 109 85 39 165 75 245 111 90 41 170 77 250 113 ......

Words: 281 - Pages: 2