A country that saves and invests a high fraction of its income, for instance, enjoys more rapid growth in
its capital stock and GDP than a similar country that saves and invests less. An even more obvious
determinant of a countrys standard of living is t
Review for Midterm
Principles of Macroeconomics
1. Consider the production possibilities curve for a
country that can produce sweaters, apples (in
bushels), or a combination of the two.
Which point(s) on the graph is(are) efficient
Paper money has no intrinsic value, yet people are confident that others will accept it.
An economy that relies on barter will have trouble allocating its scarce resources
efficiently. In such an economy, trade is said to require the double coincidence of
The Consumer Price Index:
The consumer price index (CPI) is a measure of the overall cost of the goods and services
bought by a typical consumer.
Note: Bureau of Labour Statistics (BLS) a part of the Department of Labour
computes and reports the c
Commanding Heights video assignment
In 1947, after the end of British Raj, India needed to establish its new national policies as
an independent country. The first prime minister of India, Pandit Nehru, wanted to industrialize
Exam essay 2
Monetary policy can be defined as an economic strategy implemented by the state
government by expanding or contracting money supply. As a main three tools for the policy, the
Federal Reserve buys or sells
Final Exam essay 1
Financial System and the Economic Growth
Macroeconomic variables which measure an economys income and spending are closely
linked and fluctuate together. If there is a high economic growth, it means the business is g
Chapter 1 What Is Organizational Behavior?
Importance of Interpersonal Skills
Over the past two decades, business schools have added required courses on people skills to
many of their curricula. Why have they done this?
a. Managers no l