Economics of the Great Depression
... A monetary system in which gold does not circulate but in which the government agrees to sell gold at a fixed price in exchange for the circulating currency. In the US, that fixed price was 40%. ...
... A monetary system in which gold does not circulate but in which the government agrees to sell gold at a fixed price in exchange for the circulating currency. In the US, that fixed price was 40%. ...
Unit Organizer Great Depression and New Deal 2016
... RFC 386 FDIC 399 TVA 400 CCC 400 NRA 401 PWA 401 Social Security Act 404 Wagner Act 409 ...
... RFC 386 FDIC 399 TVA 400 CCC 400 NRA 401 PWA 401 Social Security Act 404 Wagner Act 409 ...
The History of Money and Financial Markets
... colonnaded buildings, and a splendid domed cathedral. ...
... colonnaded buildings, and a splendid domed cathedral. ...
ECON ch 10.3
... • Real GDP per capita is an increase in the real dollar value of all final goods & services that are produced per person for a specified period of time • Economic growth is important to maintain: – High-standard of living – Competitive market with other nations – Provision of resources to deal with ...
... • Real GDP per capita is an increase in the real dollar value of all final goods & services that are produced per person for a specified period of time • Economic growth is important to maintain: – High-standard of living – Competitive market with other nations – Provision of resources to deal with ...
Chapter 28 - Weber State University
... a. allowed for market-determined exchange rates. b. ended the use of the gold standard in all participating countries. c. led to a dramatic increase in the U.S. balance of payments deficit. d. resulted in the rapid increase of the U.S. gold supply in the 1960s. e. all of the above 10. The U.S. econo ...
... a. allowed for market-determined exchange rates. b. ended the use of the gold standard in all participating countries. c. led to a dramatic increase in the U.S. balance of payments deficit. d. resulted in the rapid increase of the U.S. gold supply in the 1960s. e. all of the above 10. The U.S. econo ...
Economic Crisis & Recovery
... sufficient to halt the economic free-fall. It won’t be enough to return us rapidly to full employment and potential output. Given the path of debt that was inherited in 2009, it is unlikely that more could be done. ...
... sufficient to halt the economic free-fall. It won’t be enough to return us rapidly to full employment and potential output. Given the path of debt that was inherited in 2009, it is unlikely that more could be done. ...
The Business Cycle
... Phases of the Business Cycle in Detail • Peak – when real GDP stops rising, the height of economic expansion • The economy is at full employment • Real output is close to capacity • The price level is likely to rise during this phase ...
... Phases of the Business Cycle in Detail • Peak – when real GDP stops rising, the height of economic expansion • The economy is at full employment • Real output is close to capacity • The price level is likely to rise during this phase ...
Macroeconomic Theory Spring 2010 M. Finkler Midterm Exam #1
... 5. Model 1 features the neutrality of money. Explain what that means for how changes in the stock of money affect GDP, employment, wages, prices, and interest rates. Is the Fisher effect part of the explanation? If so, explain why? If not, explain, why not. 6. Substitution effects are important in t ...
... 5. Model 1 features the neutrality of money. Explain what that means for how changes in the stock of money affect GDP, employment, wages, prices, and interest rates. Is the Fisher effect part of the explanation? If so, explain why? If not, explain, why not. 6. Substitution effects are important in t ...
International Financial Crisis
... Fire sale privatizations and further cutbacks are likely to be politically unacceptable But will further assistance without still more measures be acceptable to the rest of Europe? Without real assistance, default is inevitable But default (restructuring) may not be enough—will need to deval ...
... Fire sale privatizations and further cutbacks are likely to be politically unacceptable But will further assistance without still more measures be acceptable to the rest of Europe? Without real assistance, default is inevitable But default (restructuring) may not be enough—will need to deval ...
Keynesian Model
... believed that governments could be their own worst enemies when it came to the economy. With laissez-faire (hands-off) government policies the economy would better achieve the goals of price stability, full employment, and economic growth. Classical economic theory was not much help in the 1930s as ...
... believed that governments could be their own worst enemies when it came to the economy. With laissez-faire (hands-off) government policies the economy would better achieve the goals of price stability, full employment, and economic growth. Classical economic theory was not much help in the 1930s as ...
Economics 330 (Kelly)
... 8. If an economy is in a liquidity trap, further reducing the interest rate will have no effect on the economy. FALSE: A change in interest rates may not change investment or consumer durable goods expenditures, however it can still affect net exports and AS via currency depreciation. There are also ...
... 8. If an economy is in a liquidity trap, further reducing the interest rate will have no effect on the economy. FALSE: A change in interest rates may not change investment or consumer durable goods expenditures, however it can still affect net exports and AS via currency depreciation. There are also ...
Definitions and explanations
... Definitions and explanations Definitions of terminology found within the main statistical bulletin are detailed below: Output Output is defined as the amount chargeable to customers for building and civil engineering work done in the relevant period excluding VAT. As well as work charged to customer ...
... Definitions and explanations Definitions of terminology found within the main statistical bulletin are detailed below: Output Output is defined as the amount chargeable to customers for building and civil engineering work done in the relevant period excluding VAT. As well as work charged to customer ...
The American Economic Review Volume 107, Issue 1, Jan 2017 1
... Abstract: We estimate the effect of temporary tax incentives on equipment investment using shifts in accelerated depreciation. Analyzing data for over 120,000 firms, we present three findings. First, bonus depreciation raised investment in eligible capital relative to ineligible capital by 10.4 perc ...
... Abstract: We estimate the effect of temporary tax incentives on equipment investment using shifts in accelerated depreciation. Analyzing data for over 120,000 firms, we present three findings. First, bonus depreciation raised investment in eligible capital relative to ineligible capital by 10.4 perc ...
C Economic Outlook
... correction, and the eventual end of the current expansion. Emerging market growth, including China, has been slowing and is expected to remain low. There is also some uncertainty about the growth path in the European Union, particularly if Great Britain exits the union. Slower growth in one or both, ...
... correction, and the eventual end of the current expansion. Emerging market growth, including China, has been slowing and is expected to remain low. There is also some uncertainty about the growth path in the European Union, particularly if Great Britain exits the union. Slower growth in one or both, ...
The Impact of the Financial Crisis on Emerging Asia Michael Mussa commenTAry
... conduct of economic policy. The Federal Reserve, concerned about both developments in the financial sector and the weakening of economic activity, started easing monetary policy in the fall of 2007. In contrast, almost all other countries around the world were either maintaining relatively firm mone ...
... conduct of economic policy. The Federal Reserve, concerned about both developments in the financial sector and the weakening of economic activity, started easing monetary policy in the fall of 2007. In contrast, almost all other countries around the world were either maintaining relatively firm mone ...
Read more
... The growth of the world economy will notice a significant slowdown in the next 50 years due to the aging of the population, unless countries figure out how to increase productivity, the report stated. The document showed that without a major increase in productivity global growth will slow to two pe ...
... The growth of the world economy will notice a significant slowdown in the next 50 years due to the aging of the population, unless countries figure out how to increase productivity, the report stated. The document showed that without a major increase in productivity global growth will slow to two pe ...
View Slide Show for Lesson 5-1
... This downturn started because of a bit to much optimism on the part of some high tech firms. Previously these companies had lost business because they did not have the inventory and production capacity to meet demand. Determined not to make the same mistake, they bulked up on capacity and inventory ...
... This downturn started because of a bit to much optimism on the part of some high tech firms. Previously these companies had lost business because they did not have the inventory and production capacity to meet demand. Determined not to make the same mistake, they bulked up on capacity and inventory ...
E2113 – Exam 1 guide
... basket” include different proportions (weights) if different products? Use CPI data to convert nominal values to real values (calculation). What does a real wage rate measure? What “harm” does inflation cause within an economy? Calculate a real interest rate (with given data). Study/review recommend ...
... basket” include different proportions (weights) if different products? Use CPI data to convert nominal values to real values (calculation). What does a real wage rate measure? What “harm” does inflation cause within an economy? Calculate a real interest rate (with given data). Study/review recommend ...
Lesson 16 Visuals - Learning, Earning, and Investing
... When stock prices increase, investors feel optimistic about the future of the economy. This optimism may lead to more spending and more production. When stock prices fall, investors may feel pessimistic about the future of the economy. This pessimism may cause them to hold back on spending and produ ...
... When stock prices increase, investors feel optimistic about the future of the economy. This optimism may lead to more spending and more production. When stock prices fall, investors may feel pessimistic about the future of the economy. This pessimism may cause them to hold back on spending and produ ...
Teaching Tips: Recession 101 - Federal Reserve Bank of Kansas City
... during a recessionary period. 4. How can the Fed’s Beige Book information help consumers understand the current economy? 5. Compare today’s recession to the Great Depression of 1929-1933 in terms of bank failures and the unemployment rate. What are the major differences between these two events? 6. ...
... during a recessionary period. 4. How can the Fed’s Beige Book information help consumers understand the current economy? 5. Compare today’s recession to the Great Depression of 1929-1933 in terms of bank failures and the unemployment rate. What are the major differences between these two events? 6. ...
Measure Economic Growth
... – Use a base year’s prices – adjusted for price changes over time (i.e., inflation or deflation) – Used to compare the growth of output of a country or countries over time. – PRIMARY MEASURE OF ECONOMIC PERFORMANCE OVER TIME ...
... – Use a base year’s prices – adjusted for price changes over time (i.e., inflation or deflation) – Used to compare the growth of output of a country or countries over time. – PRIMARY MEASURE OF ECONOMIC PERFORMANCE OVER TIME ...
DEC 2016 update
... 2008 crash relative wages in France and the Med. countries rose towards German levels but without commensurate increases in productivity. Today the pattern is reversing: relative wages are falling in the South relative to Germany. Greece and Portugal are 60% lower, Spain and Italy 25% lower, France ...
... 2008 crash relative wages in France and the Med. countries rose towards German levels but without commensurate increases in productivity. Today the pattern is reversing: relative wages are falling in the South relative to Germany. Greece and Portugal are 60% lower, Spain and Italy 25% lower, France ...
Unit 5 Measuring Performance
... Purchasing Power – the ability to purchase goods and services Recession – a prolonged economic contraction – at least 2 consecutive quarters Stagflation – a decline in real GDP combined with a rise in the price level Trough – the lowest point in an economic contraction, when real GDP stops falling U ...
... Purchasing Power – the ability to purchase goods and services Recession – a prolonged economic contraction – at least 2 consecutive quarters Stagflation – a decline in real GDP combined with a rise in the price level Trough – the lowest point in an economic contraction, when real GDP stops falling U ...
Chapter 12.3 Notes
... measurement of real GDP per capita -real GDP divided by the total population -Real GDP per capita is best measure of a nation’s standard of living -GDP and Quality of Life -Like measurements of GDP… real GDP per capita excludes many factors that affect the quality of life -state of the environment, ...
... measurement of real GDP per capita -real GDP divided by the total population -Real GDP per capita is best measure of a nation’s standard of living -GDP and Quality of Life -Like measurements of GDP… real GDP per capita excludes many factors that affect the quality of life -state of the environment, ...
Long Depression
The Long Depression was a worldwide price recession, beginning in 1873 and running through the spring of 1879. It was the most severe in Europe and the United States, which had been experiencing strong economic growth fueled by the Second Industrial Revolution in the decade following the American Civil War. The episode was labeled the ""Great Depression"" at the time, and it held that designation until the Great Depression of the 1930s. Though a period of general deflation and a general contraction, it did not have the severe economic retrogression of the Great Depression.It was most notable in Western Europe and North America, at least in part because reliable data from the period are most readily available in those parts of the world. The United Kingdom is often considered to have been the hardest hit; during this period it lost some of its large industrial lead over the economies of Continental Europe. While it was occurring, the view was prominent that the economy of the United Kingdom had been in continuous depression from 1873 to as late as 1896 and some texts refer to the period as the Great Depression of 1873–96.In the United States, economists typically refer to the Long Depression as the Depression of 1873–79, kicked off by the Panic of 1873, and followed by the Panic of 1893, book-ending the entire period of the wider Long Depression. The National Bureau of Economic Research dates the contraction following the panic as lasting from October 1873 to March 1879. At 65 months, it is the longest-lasting contraction identified by the NBER, eclipsing the Great Depression's 43 months of contraction.In the US, from 1873–1879, 18,000 businesses went bankrupt, including 89 railroads. Ten states and hundreds of banks went bankrupt. Unemployment peaked in 1878, long after the panic ended. Different sources peg the peak unemployment rate anywhere from 8.25% to 14%.