prices on the macro economy of a country? Research has demonstrated oil price fluctuations do impact economies as well as supply of and demand for the commodity. This influence on macroeconomic activity generated symmetric movement between price and many macroeconomic indices in the 1970's. However, after 1982, macroeconomic indices did not demonstrate the same proclivity to react to oil price movement. Information spreads almost instantly with the emergence of the internet. This expedient movement
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GROUP 7 | SECTION-D | PGP-16 | IIM-Kozhikode | IMPACT OF THE RIGHT TO WORK PROGRAMME | MACROECONOMICS | Ankur ZutshiGokul ManeanLohakare AmolPragyaSatadal BiswasTanmoy Chatterjee | 186196206216226236 | Right to Work The Right to Work, according to the Article 39 of the Indian Constitution under the ‘directive principles of state policy’, states that everyone should be given the right to an adequate means to livelihood. In order to guarantee the basic rights like right to
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California Santa Cruz, CA 95064 USA Rajeswari Sengupta Department of Economics University of California Santa Cruz, CA 95064 USA Nirvikar Singh Department of Economics University of California Santa Cruz, CA 95064 Abstract A key challenge for macroeconomic policy in open economies is how to simultaneously manage exchange rates, interest rates and capital account openness—the trilemma. This paper calculates a trilemma index for India and investigates its evolution over time. We find that financial
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Unit 8 Assignment Question: 1. Using aggregate demand, short-run aggregate supply, and long-run aggregate supply curves, explain the process and causes by which each of the following economic events will move the economy from one long-run macroeconomic equilibrium to another. In each case, explain the short-run and long-run effects on the aggregate price level and aggregate output. a. There is a decrease in households’ wealth due to a decline in the stock market. Point 1 Point 1 Point 3
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INTERNATIONAL MONETARY FUND AND THE WORLD BANK Managing Public Debt: Formulating Strategies and Strengthening Institutional Capacity Prepared by the Staff of the IMF and World Bank Approved by Christopher Towe, Danny Leipziger, and Kenneth Lay March 3, 2009 Contents Page Acronyms...................................................................................................................................3 I. Introduction ....................................................................
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Intermediate Macroeconomics Spring 2015 No aids allowed and choose 4 out of 6 questions to answer in the bluebook Study topics: 1. Time horizons in macroeconomics (short-run vs. long-run) 2. Why are prices sticky in the short-run 3. AD curve 4. Short-run AS curve 5. Long-run AS curve 6. Short-run to long-run adjustments in the AD-AS framework (through prices) 7. Economic shocks 8. The goods market and the IS curve (Keynesian cross, equilibrium equation, derivation
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where businesses operate, factors such as family, education, religion etc. impacts the way a business is conducted. Economic environment within a business organization include factors that are divided into two categories, macroeconomics and microeconomics. Macroeconomics includes factors that are related to sectors or individuals and businesses of particular
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A. Income. in macroeconomics is more than the income received by employees in the form of salaries or wages. example, for households and individuals, income is the sum of all the wages, salaries, profits, interest s payments, rents and other forms of earning received in a given period of time. B. Consumption. Consumption means the expenditures made by households on goods and services. Example, consumer durable products like washing machines are consumed immediately after purchase. C. Multiplier
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country economy growth when the inflation is baked into the figure of the Nominal GDP.Economics is the use of resources that have alternative uses. Consumers need resources to fulfil desires. The economics has been divided into microeconomics and macroeconomics. Microeconomics is the combination word of ‘micro’ and ‘economics’ that means the study of the small individual unit. Microeconomics is known as how individuals and societies uses the resources to the production of goods and services to satisfy
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Macroeconomic Policies Affecting the Auto Industry In most countries, the level of automotive production is closely correlated to domestic or regional automotive sales. Also the level of automotive sales and production is closely related to disposable income levels, interest rates and finance availability, consumer confidence and other factors influenced by macroeconomic policies. Production in particular often has long lead times, so consistent and predictable economic progress is important. Therefore
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