ECON Unit 5 Are Banks Special.docx - Are Banks Special Robert J Leitelt ECO201 Macroeconomics Provide a brief overview of this weeks material In unit

ECON Unit 5 Are Banks Special.docx - Are Banks Special...

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Are Banks SpecialRobert J. LeiteltECO201 Macroeconomics November 24, 2018Provide a brief overview of this week’s material. In unit five we read chapters twelve through fourteen, studied the Keynesian and Neoclassical Perspectives, and money and banking. Our objectives were to recognize the Keynesian aggregate demand and aggregate supply (AD/AS) model, identify the determining factors of both consumption expenditure and investment expenditure, interpret a neoclassical model of AD/AS, and be able to explain the various functions of money and contrast commodity money and fiat money. There was one article with ten supplemental readings and four videos to review. Our activities included a discussion board, three replies, and this paper. What are the risks for the macro economy if a bank fails, that do not exist for other businesses? The failure of banks differs from those of other businesses is vast when estimating the number of people that could be affected at a macroeconomic stand
ARE BANKS SPECIAL2point. When a business fails the impact to its owner/s, employees, and stockholders will be noticeable but limited just to those individuals. Depending on the size of the business, businesses that associate with that company could see an impact as well. Forexample, Blockbuster Video was a giant in the movie and video game rental arena. “At its peak in 2004, Blockbuster employed 84,300 people worldwide and had 9,094 stores.

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