Aggregate Expenditure And Output Of The Short Run Essay

Aggregate expenditure and output in the short run. In principle, an economy is in equilibrium when the main macroeconomic variables tend to remain stable over time without external shocks. However, the conditions that this balance must fulfill differ according to the period in which we are analyzing the economy. In any economy, output, income, and aggregate expenditure coincide. However, this cannot be the equilibrium condition, since it is an identity. In order to be able to say that the economy has reached the equilibrium, the condition that is required is that the production and the rent are equal to the planned expenditure. The difference between planned expenditure and actual expenditure is unplanned inventory investment, which is also part of aggregate demand. Therefore, another way of defining equilibrium is that the unplanned investment in stocks equals zero. If for example, the planned aggregate expenditure was lower than the output of the companies, they would see their stocks rise above what they had anticipated. As this accumulation of inventories is computed within the total expenditure, it would be fulfilled that the GDP is equal to the demand, but the level of production would not be of equilibrium. In fact, in the following periods, the companies would adjust their production downwards to give rise to the unwanted increase in inventories. The balance would be reached when production ended up at a level equal to the planned expenditure. This exampleShow MoreRelatedAs/Ad Model1332 Words   |  6 PagesMacroeconomics – Chapter 10: The Aggregate Demand/Aggregate Supply Model * Keynesian Economics – Economists who focused on the short run * John Maynard Keynes - their leading advocate * the originator of macroeconomics as a separate discipline from micro * Classical Economists – economists who focused on long-run issues such as growth * Aggregate Demand Management – government’s attempt to control the aggregate level of spending in the economy * Equilibrium IncomeRead MoreAggregate Demand And Aggregate Supply1154 Words   |  5 Pagesdomain of aggregate demand and aggregate supply: the long run and the short run, recessionary and inflationary gaps and long-run economic equilibrium, determining the level of consumption and aggregate expenditures and aggregate demand. I have been able to retain that aggregate demand is the total quantity of goods and services that a household, foreign buyers, and governments will buy at a given price level. A shift to the left of the aggregate demand indicates a fall in price, output returningRead MoreInflation and Aggregate Expenditure1540 Words   |  7 PagesA decrease in planned aggregate expenditure D. All of the above 6. The planned aggregate expenditure (PAE) curve/line is: A. Upward sloping 7. The import function is _______________ , while the net export function is __________. D. Upward sloping; downward sloping 8. An income tax decrease for individual consumers will cause the planned aggregate expenditure function to: A. Shift upward 9. An increase in the real rate of interest will cause the planned aggregate expenditure function to: B. ShiftRead MoreUnit 8 Answers1388 Words   |  6 Pagesï » ¿Unit 8 Answers 1) Long-run Macroeconomic Equilibrium and Stock Market Boom Let us assume the economy reaches its long-run macroeconomic equilibrium in 2020. When the economy is in the long run macroeconomic equilibrium, the stock market will also reach its boom. This will in turn lead to increases in stock prices more than expected, and the stock prices will stay high for some period. Answer the following questions based on the scenarios of long macroeconomic equilibrium and consequent stockRead MoreImpact Of The Construction Sector On The Uk Economy Essay1084 Words   |  5 Pagestendencies of entering a recession. It has to be recognised that it is an extremely volatile industry which has adverse effects on macroeconomic objectives some of which includes economic growth and unemployment. This sector also affects aggregate demand and aggregate supply; all of which will be analysed and evaluated in conjunction with diagrams and the impact that they have on the economy in general. In addition to this, the effects that this sector has on the housing sector will be analysed. TheseRead MoreEssay On South Korea721 Words   |  3 Pagesgovernment expenditure and high tax rates among the wealthy and welfare handouts as an automatic stabilizer, the unemployed or workers with low income will be able to receive benefits that alleviate their lack of income. This increases their disposable income allowing greater consumer expenditure, shifting aggregate demand (AD1 to AD2). Aggregate demand is the total demand for all goods and services produced in an economy. It also reduces the income gap. By increasing government expenditure on publicRead MoreEcon984 Words   |  4 Pagesconsume domestically. A5-4. If aggregate household saving is negative, the marginal propensity to save from disposable income must be negative. A5-5. If desired aggregate expenditure is greater than actual national output, national output will increase. A5-6. If the domestic price level decreases, the price of domestic goods decreases relative to foreign goods. This will result in an upward shift of aggregate expenditures and a rightward shift of the aggregate demand curve. A5-7. When nationalRead MoreWhat Is Fiscal Multiplier?920 Words   |  4 Pagesrunning these deficit levels. This is the most important fiscal policy issue that needs to be addressed. When developing a plan for fiscal policy, it is important to understand the current fiscal multiplier. Fiscal multipliers measure the change in output that would result from a change in government spending or tax revenue. There are several factors that cause changes in the fiscal multiplier. One major factor is the current state of the business cycle. The U.S. is clearly in a time of expansionRead MoreClassical Vs. Keynesian Models Essay922 Words   |  4 Pagesmarket limitations, resembling unions, and laws. Flexible prices confirm that markets regulate to equilibrium and decrease deficiencies and overages. Say s Law proposes that the aggregate production in an economy must generate an income enough to purchase all the economy s output. Classical economics uses production output, technology, and incomes paid to produce the item as determinants to regulate prices in the economic market. In other words, if a good is produced, it has to be bought. UnfortunatelyRead MoreDifferen ce Between Fiscal And Monetary Policy Essay1345 Words   |  6 Pageschanging due to various factors. Some of these economic policies are also developed due to various factors or events that may have occurred in the United States. This paper will discuss some policies that stimulate the economy, their relation to aggregate supply and demand, and the effectiveness of stimulation these policies will have on the economy. The article â€Å"What is the difference between fiscal and monetary policy?† written by Dr. Econ and posted on the Federal Reserve Bank of San Francisco

Essay on The Irrelevance of a College Education - 1747 Words

The Irrelevance of a College Education Finding myself a college junior at age 56, I have often thought about why one might want an education in the first place. When asked why its taken me so long to complete college, well almost complete, my reasons are both simple and complex. I never real ly liked high school that much and my family moved around a lot. As a result, I attended several high schools. In retrospect, I now understand that high school is difficult even if one never moves. But I digress. Why get a college education? Would I be sm arter? More importantly, would people around me think of me as smarter? In fact, did it really matter at all what people around me thought? Was it money then, or pride? Perhaps it was respect.†¦show more content†¦I often wondered if this was a punishment. Several more years elapsed -- ok 20 more years -- and I decided I would take a class for fun. Imagine my surprise in finding my art appreciation course was indeed fun. How could this be? After all, this was college! Moving ahead still further in time , I was re-engineered from my job (a new word that means fired, canned, sacked.) After a year or so, I decided to look into school yet again, and suddenly I was the proud possessor of my AA degree. Hey this is pretty cool, I thought. Why not go on I aske d myself? But why? Why get an education in the first place? Graduating high school in 1961 I found there were limited opportunities for young women such as myself. The three major options were teaching, nursing, or having 2.3 babies while living a Doris Day life behind a white picket fence surrounded by flowers, all the while wearing my shirtwaist dress, heels and a pearl necklace as I vacuumed. Come to think of it, thats not so bad now. But its not 1961; its 1998 and this time around I knew of advisors. So I met with several at Pierce College. Why s everal? Well, if an advisor spent his/her time expressing their unhappiness with things, I figured they wouldnt, or rather I wouldnt do well by them because they seemed more desirous of airing their complaints than guiding me. But finally, I found someo ne who reallyShow MoreRelatedWhy Liberal Arts Education Matter?1351 Words   |  6 PagesLiberal Arts Education Matter? There is a phenomenon that the number of liberal arts college is declining, which means we are losing liberal arts education. Recently, more and more students focus on scores and getting a degree instead of improving themselves comprehensiveness. Many students think the college degree is more important than knowledge and skills, that’s why they ignore the study of liberal arts. Like Tony Woodcock (2015) said: â€Å"the Liberal Arts are considered an irrelevance†. HoweverRead MoreShould College Athletes Get Paid?999 Words   |  4 PagesPlaying a college sport today is not just fun anymore. College sports are becoming a business and the athletes are the workers. The money some sports programs make from ticket sales, concessions, and media exposure is tremendous. Students playing sports are the ones people pay money to watch, so do the colleges not pay the athletes since they are the ones that bring in the money. They train year around to make themselves and the ir team better but what do they see for all of this hard work and dedicationRead MoreThe Effects Of Hip Hop Music On Adolescents862 Words   |  4 PagesKnowledge on Race: Hip-Hop, White Adolescents, and Anti-Racism Education† point out that Hip Hop may, in fact, hinder racial progress as many whites use stereotypical representations of black Americans in Hip Hop to legitimize discrimination against black people. On the other hand, Hip Hop, Color-Blindness, and Racial Stereotyping Provided Kiwanis (the author of â€Å"Droppin’ Knowledge on Race: Hip-Hop, White Adolescents, and Anti-Racism Education) an argument about Hip Hop as a â€Å"vehicle to educate† aboutRead MoreA High School Seniors Ideas on How to Reform the Educational System1387 Words   |  6 Pagescompetence with both specific and general expected outcomes. This reinvention must cast aside the old conventions of accumulating seat time and gathering Carnegie units as the measures of learning. 3. We must address the long-term economics of education with as clear an eye as possible, which will require the absence of the hysterics, the political posturing, and the narrow self-interest of many of the change advocates and power brokers. 4. It is becoming increasingly evident, at least to someRead MorePast, Present, and Future: Personal Statement1827 Words   |  7 PagesPast, Present, Future Paper Past, Present, Future Paper Introduction The goal of this essay is to be able to give a reflection on ones professional and personal lives throughout his or her program study at their college of choice. In this paper I will go back and give a full reflection on ones development despite the fact looking at the effects of finishing up the degree program of future and current professional objectives. In this paper, I will argue ones interpretations of learning, effectsRead MoreThe Development Of The Democratic World857 Words   |  4 Pagesplantation slavery that established a racial hierarchy that developed a clear social div ide even after two centuries of country evolution; black people are still stuck in a system of disadvantages behind white privileges which lead to a complete social irrelevance, and then over time the modern day mass incarceration system has put them at a complete racial marginila do not even realize which creates a vicious cycle duh to the racia â€Å"the state-sanctioned or extralegal production and exploitation of group-differentiatedRead MoreEssay On Data Collection And Needs Assessment1494 Words   |  6 Pagescertain data points must be collected. The professional development plan must be grounded in reliable and correct statistics. To collect these resources, multiple sources of data will be referenced. These data sources include the state department of education graduation database, national data on graduation rates, and school specific data from the guidance office. A wide grounding in data will allow for the comparison of local and national dropout rates. While quantitative data is essential in craftingRead MoreFreedom Of Speech Should Not Be Tolerated Essay1882 Words   |  8 Pagesas an individual. Socially, I often felt outcast until my senior year and I frequently questioned where I belonged; this led me to try and find my place by joining every organization and sports team I could, hoping to discover me. The feeling of irrelevance was exacerbated my senior year when my guidance counselor lost my Gates Millennium Scholarship application and my application to MSU. Michigan State University was the only school I was applying to. By the time I was aware of her mistake the deadlineRead MoreNative Underachievement in Canadian Schools Essay1263 Words   |  6 PagesNative Underachievement in Canadian Schools A comparison of native students and their non-native peers quickly brings one to the realization that native students are not experiencing a comparable degree of education success in Canadian schools. It is vital that native Canadians address this issue thoroughly, to insure that the nation is no longer faced with a semi-literate, unemployable population, requiring financial support. In order to fully address native educational underachievement itRead MoreComputer Programming Research Paper4941 Words   |  20 PagesFactors Affecting the Performance of the High School Senior Students of St. Peter’s College of Ormoc in Computer Programming A.Y. 2012-2013 A Research Paper Presented to the class of Mr. Francisco V. Calub St. Peter’s College of Ormoc in Partial Fulfillment of the Requirements for the Subject English IV by Euriah I. Galano and Chelsea Mary E. Jorda February 26, 2013 CHAPTER I Background of the Study Computer programming is defined as telling a computer what to do through a special set of instructions

Leadership and Governance Educational Service Company

Question: Describe about the Leadership and Governance for Educational Service Company. Answer: Introduction of the company Online Education Services Pty. Ltd. is a located in Melbourne and is a school and educational service company. It is a private organisation founded in 2011. The company has annual revenue of $2.32 million, which is higher than the competitors of the company. There are approx 260 employees working under the company. The company thus hires a typical amount of employees in the company. Online Education Services Pty Ltd. is in the top 20% of the company in this industry. Discussion on the extent to which leadership is responsible for the growth of the company The company is one of the largest companies of the school and education service industry. The company has been able to secure a stable market position in the competitive market of Melbourne since; effective leadership is practised within the company. The company focuses on the employee engagement and thus implements democratic leadership. The employees are free to engage in the companys decision-making and other activities that increase the productivity level of the employees and the company as well (Katou 2015). In the opinion Pugalis et al. (2014), creativity is one of the core attentions of the company. Implementing creativity in the business with the support of the leaders helps to turn the competition into game that generates higher performance level. The leaders of Online Education Services Pty. Ltd. are the owners, managers and the other higher authority who allows building a connection between the theory and practice of the business. The leadership practiced in the company helps the company to grow and develop further as the main priority of the leadership is to engage the appropriate staff at the appropriate time for the right task. This helps to encourage the employees to contribute in the future growth of the company. The leadership further allows obtaining ideas from all the ranks and department of the company. Moreover, with effective leadership the company is able to encourage and enable collaboration. An interdependent network is thus obtained in the organisation. Online Educat ion Services Pty Ltd. is positively affected by the impact of leadership as the practice of leadership supports the organisation to open up in diverse perspective. Online Education Services Pty Ltd. has been experiencing increase in the operation scale since the employees has been guided by the leaders in an effective manner. According to Blackburn, Hart and Wainwright (2013) the creative work of the staffs is mapped in appropriate phase that helps to achieve the organisational goals. The company witnessed rise in the revenue and profit earnings that ensured sustainability in the market. Thus, leadership is responsible for the growth of the company largely. The other factors that are more important than leadership in achieving growth Apart from the effective leadership practice of the company, Online Education Services Pty Ltd. has other factors that add to the process of achieving growth. The growth of the company is based on the aggregate of the various factors such as good strategy, good employees, healthy corporate culture, and clarity of the managers etcetera (Waniganayake et al. 2012). In order to achieve growth, the sound business strategy is an important factor that is tied to the core competency of Online Education Services Pty Ltd. Good employees helps the managers of the company in solving the issues faced by the company. Furthermore, the healthy corporate culture also encourages the company to achieve organisational growth and development. When the stakeholders of Online Education Services Pty Ltd. collaborate, brainstorm and share knowledge with each other, they tend to care about their work (Adams 2013). The performance metrics of the employees then measure the right things that ensure the company t o achieve organisational goals and growth. The creative thinkers and the innovators within the workplace make Online Education Services Pty Ltd. proactive. They provide the company with innovative solutions and ideas that help to achieve competitive advantage. The issues are identified from before and thus the risk is effectively managed. All these above factors help the organisation to handle the constant changes faced by the organisation. In addition to this, Leautier (2014) mentioned that when the managers of the organisation makes the rules, policies and the job profile clear to the employees, the employees are able to carry out the task effectively. This further allows Online Education Services Pty Ltd. to achieve the organisational growth other than the leadership. It can be therefore inferred that the company needs to pay attention towards the above-mentioned factors along with the leadership to ensure organisational growth and development in the competitive market of Melbourne. References Adams, C.A., 2013. The role of leadership and governance in transformational change towards sustainability.Global Responsibility, (9). Blackburn, R.A., Hart, M. and Wainwright, T., 2013. Small business performance: business, strategy and owner-manager characteristics.Journal of small business and enterprise development,20(1), pp.8-27. Katou, A.A., 2015. Transformational leadership and organisational performance: Three serially mediating mechanisms.Employee Relations,37(3), pp.329-353. Lautier, F., 2014. Leadership and Governance. InLeadership in a Globalized World(pp. 126-176). Palgrave Macmillan UK. Pugalis, L., Liddle, J., Henry, C. and Marlow, S. eds., 2014.Enterprising places: Leadership and governance networks(Vol. 3). Emerald Group Publishing. Waniganayake, M., Cheeseman, S., Fenech, M., Hadley, F. and Shepherd, W., 2012. Leadership: Contexts and complexities in early childhood education.

Prison Escapee free essay sample

To say that I am like Andy Dufresne, wife-killing banker and mastermind behind a money laundering scandal, would be the shortest way to sum me up in a nutshell. Scrutinizing of this statement would reveal that it is indeed true: Shawshank Prison is equivalent to all the hardships I face in life, Captain Hadley has been reincarnated into all the people who exacerbate my difficulties, and I see Warden Samuel Norton in every person who enables my suffering to occur and continue. Most importantly, my rock hammer, my salvation that lay within, is the knowledge that these times of trouble will come to pass. It chips away the walls that confine me to my misfortune, little by little, until eventually, I am free of it. I am not an ignorant f***, as Andy once called Boggs, as I know that life isn’t a stroll in the park. Bad luck floats around and â€Å"it’s got to land on somebody. We will write a custom essay sample on Prison Escapee or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page † When it lands on me, I proudly wield my rock hammer and handle the storm with finesse. Sometimes, though, the storm lasts awhile and the walls confining me seem to be a mile-thick – too thick for a six inch rock hammer. Sometimes, it’s as if bad luck ran out of people to land on, so it makes up for it by throwing every misfortune possible at me; the tantamount of the Sisters regularly beating up Dufresne at Shawshank, or Warden Norton throwing him into solitary for two consecutive months. Despite the jaw-dropping amount of bad luck, the greatest part of being like Andy Dufresne is that I share his unrelenting determination. Andy wanted a prison library, so he committed to writing two letters a week to the state for funds and succeeded. Similarly, I once wanted a pet fish, and committed to pestering my parents about it until I succeeded in acquiring one (though it died shortly afterwards because the water was too cold). Furthermore, Dufresne decided that nineteen years at Shawshank was long enough, and escaped the same night he came to that epiphany. In the same manner, I decided that I would score a 4 on the AP English Literature and Composition test, and did just that. By spending countless hours reading and writing about classic literature, whetting my analyzing skills, I strolled out the testing room (if you consider a gym to be a room) feeling accomplished and free as a prison escapee. Being like Andy is my constant. It’s helped me transcend life’s challenges and gain wisdom in preparation for problems brewing in my future. His motto is my motto: â€Å"Get busy living, or get busy dying.† Evidently, the latter of the two choices does not appeal to me. I dare not spend time evading my problems to become institutionalized like my fellow con mates; ergo I get busy living by solving them. Like Andy, I keep hope alive, even when the situation seems hopeless, and ceaselessly chip away at the problem until a solution has been tunneled out for me. People will wonder how I get through life, with all its Shawshank Prisons and various Captain Hadleys, and theorize that I have some miraculous secret to success. The only secret I have, however, is my determination to overcome, and a six inch rock hammer.