Keynes theory and the Great Depression Essay Example | Topics and Well Written Essays - 1250 words

Keynes theory and the Great Depression - Essay Example The Great Depression is believed to have come as a result of the changes in the money supply. The important events that happened in the years between 1929 to 1940 would allow different economists to come up with different theories to explain the Great Depression. Events in the wake of the great depression included the changes in the nominal GNP and the monetary stock, price changes, and the changes in the size of the various elements of the money stock. Few economists such as Friedman and Schwartz were more interested in explaining the original downturn in 1929 that later changed into the Great Depression but however other events such as the stock market crash and the recession period might be contributing factors in the onset of the Great Depression. The decrease in the number of people that would go banking in the early 1930, greatly reduced the money multiplier and the money stock. With regard to this problem, the Federal Reserve was unable to handle the situation through the use of open market operations and giving of loans to banks to facilitate supply of money created a severe situation in the economic activity. Critics argue that this failure policy by the Federal Reserves was as a result of leadership failure. Nevertheless, the recovery of the monetary system between the years 1933-1936 was followed by an economic fall and monetary policy decline in 1937 which the economists believe was as a result of the increase of the required reserve ratio in an attempt to handle the banking system problem.

Recomendation letter Essay Example | Topics and Well Written Essays - 250 words

Recomendation letter - Essay Example ons, immense attention to details, commitment and apposite ethical behaviors, who cares on the implication of medical practices on the environment and individuals, that are quite germane in the radiological field. He excellently interacts with patients and professionals in the workplace and all those who had the opportunity to associate with him can testify the elation and happiness that he brought to them. Similarly, he undertook an informal leadership role offering help to his co-workers who incessantly sought his support and advice. He proved to be a distinguished problem-solver, a trait that can be put to proper utilization in the MRI field and save many lives. Given the chance to pursue the MRI degree, Nabil will surely blossom to be a reputable professional and an imperative asset to the entire community; his brilliance in the field will not be a shocker to me and anybody who knows him. It is for the aforementioned reasons that I unequivocally and without any hesitation recommend Nabil Kafal for the MRI program at Providence

Annotation assignment Essay Example | Topics and Well Written Essays - 750 words

Annotation assignment - Essay Example Unconsciousness is characterized by the lack of awareness, for example, when one is asleep or is in a coma. Unconsciousness as Meltzer defines it is also never a thing nor is it a place; the word is an adjective in the sense that the unconscious individual is never aware of his or her actions (Meltzer, p 147). This is what brings in the complexity of the term, different individuals in different fields argue differently about the concept, some arguing that the term is a noun (meaning it is a thing) while others argue that it is an adjective, (meaning it is never a thing). In psychology, the unconscious falls in as an adjective, in that it is a state in which human beings are not aware of their actions. However even with this definition, controversy rises in the aspect that if one is not aware of his or her actions, then is this an ‘activity or is it a ‘place?’ Also the psychology definition brings another controversy; usually individuals define the term as an ‘it’ so is unconsciousness an ‘it or a ‘how.’ Freud defines the concept as an ‘it he defines it around different concepts such as desires, feelings and emotions usually held by individuals without their awareness. To some extent, this brings in the psychological definition ‘state in which an individual is not aware of his or her actions’ (Meltzer, p 148). Meltzer also attempts to define the term philosophically, in this he brings the idea that there are powers revolving around the term that are difficult to understand. But do these ‘dark powers’ really exist and if they do, do they really result in individuals committing unconscious actions? Meltzer in this section tries to show that unconscious in philosophy falls in a state where individuals perform certain actions as a result of dark forces. In religion, the term revolves around the knowable and the unknowable, however even with this religion holds to the fact that unconsciousness falls

Economics Paper in MLA format including 2 primary source documents Term

Economics in MLA format including 2 primary source documents - Term Paper Example The price where the curves intersect is called the market price and this is where both the consumers and producers are willing to supply a certain quantity. The demand curve is downward sloping due to the fact that as the price reduces, the ability and willingness to purchase on the consumers’ part increases meaning that there is negative relationship between the quantity demanded and price of the product. On the other hand, the opposite can be said for the supply curve. A positive relationship exists between the quantity supplied and price. As the price increases, the producers are more capable and willing to supply the product and hence the upward sloping curve. Consumer surplus is when a consumer is getting to buy a product at a price which is lower than that which the consumer is willing to pay. Therefore all the area between the demand curve and the market price line is classified as consumer surplus. Producer surplus is the excess which the producer earns as a result of the difference in the market price and the quantity the producer is willing to supply at certain prices. Producer surplus is the area below the market price and above supply curve. Business and Labor The mergers process may be beneficial for the industry in the short run specifically for industries which involve huge costs and research and development projects. The greater financial pool available to these companies is required to undertake large research operations and improve new technologies. It also is about the efficiency of the companies that is if they have been able to increase their efficiency through this process and whether they have passed this efficiency to the buyers. The mergers process may increase the efficiency because now at a larger operations base, the company may be able to achieve economies of scale which is the reduction of average production costs as a result of the increase in production. Coming towards the minimum wage laws, the governments often introduce the policies of minimum wage which acts as a floor to the price of labor employed. When the government enforces the laws of minimum wages, then the market forces are disturbed and equilibrium ceases to exist creating a gap between the demand and supply, which is of labor in this case. The disequilibrium in theory results in a rise in the supply of labor but the demand reduces as the labor is now more costly. However, the magnitude by which this disequilibrium is caused depends upon the circumstances prevailing in each economy and varies from country to country. United States Finance The economy of United States of America was performing very well at the start of the century but then went under deep recession in the year 2008 with the credit crunch and all the financial institutions seem to crumble at the same time. People started to default, and the society and institutions started to face liquidity issues. Soon with this credit crunch, the debts started to rise and the economy sta rted to experience its effects which included the rising unemployment rates and decreasing gross domestic product (GDP) of US economy. Since the financial crisis struck in the year 2008, the US debt has been very high. According to a recent news article, the United States debt is nearly as much as the total value of all its goods and services produced in the US during the financial year. CNBC reports that the total value of the US debt is $14.96 trillion which means that the

Assessment 2 (6 assignment into 1) Essay Example | Topics and Well Written Essays - 3000 words

Assessment 2 (6 assignment into 1) - Essay Example The formula for computing surface area of pyramids shall be provided, with the teacher demonstrating how to substitute values in the formula. The students will be given exercises to practice computing for surface area of pyramids which will be checked as a class at the end of the lesson. the concept of solid shapes and their surface areas. They should be aware that there are formulae to be followed in computing for the surface areas of various shapes and know how to substitute values and finding missing values using the formula. The Lateral Area is surprisingly simple. Just multiply the perimeter by the side length and divide by 2. This is because the sides are always triangles and the triangle formula is base times height divided by 2 Using the formula: 1/2 Ãâ€" Perimeter Ãâ€" [Side Length] + [Base Area]. The teacher illustrates to the class how to use the formula and substitute the necessary values on the blackboard, then does a few exercises with some students she may call on. Later on, students are grouped according to their abilities, given various number problems to solve for the surface areas of various pyramids. Kozioff, et al (2000) contends that the teacher can more easily monitor the progress of the students when they work in smaller groups with more or less the same guidance needs. Killen (2003) emphasized the need to practice students’ newfound skills and in this particular case, it is the computation of the surface area of a pyramid following a prescribed formula. At the end of the session, everyone comes together to compare their answers. It will be necessary to call on students to demonstrate on the blackboard how they came up with their answers to check if they followed the correct proced ure in using the formula. Should there be errors, the teacher throws the question to the class as to where it went wrong, but if students cannot figure it out, then she shows

One article analyses and make the Recommend marketing strategies to

One analyses and make the Recommend marketing strategies to the relevant cloths industry on your analysis of the chosen phenomenon - Article Example nds’ End were rated the best by the respondents primarily because these online retailers provided precise descriptions of the apparel and correct sizing information. Equally important in the superior ranking of these clothiers was the fact that they had an easy to browse, informative website. Majority of the respondents also felt that they got true value for money spent on online clothes-shopping. The survey also revealed the flip side of online clothes-shopping. There were major issues with size accuracy of the clothes, which impeded customers intending to buy clothes online. Returning clothes and costs associated thereon was considered a huge disadvantage by many respondents. 72 percent of the respondents complained about the lack of transparency in divulging shipping costs by online retailers. There were certain instances of billing mistakes and wrongly filled orders. In addition to these problems, consumers refrain from online shopping because of privacy concerns and issues regarding security of financial transactions. Some customers find online shopping very confusing (Colberg 2002). The analysis of the survey reveals that customers are not satisfied, among other things, with the process of exchange of goods purchased online. The online clothing retailers should make the process of returns trouble-free for the consumers. A straightforward and transparent policy regarding this aspect will provide a huge boost to their sales (Rosencrance 2000). Many consumers would be tempted by a generous returns policy that promises to exchange the item or simply return the item and take the refund of its purchase price. The retailers can provide the consumers prepaid U.S. Postal Service labels which are valid for a certain period of time. The customers can use these labels for returning the apparel with which they are not satisfied. This will make the process of returns simple and inexpensive for the unsatisfied customer. With an easy returns policy in place, customers

Social Security Research Paper Example | Topics and Well Written Essays - 750 words

Social Security - Research Paper Example This paper supports the view that social security should not be privatized. Supporting points The very first reason not to privatize social security system this will hinder the realization of the social security objectives and goals. This implies that over the next forty seven years, privatization is likely to reduce the benefit levels by 44% as compared to the level of 2005 (Max, 2005). In addition, Max, (2005) tells us that implementation of privatization system is expensive. The costs that would be spent in the changeover process when coming up with new personal account and continuing to offer benefits to recipients of social security would require about $2 trillion. Privatization of social security will as well hurt the economy. As pointed out by Orszag and Diamond (2005) this is because the high costs would be involved in the privatizing the accounts are likely to reduce the growth of economy (Orszag and Diamond, 2005). This implies that social security fund would be destabilize d. Centralized deficits and debts will increase as a result of privatizing social security. These are likely to reduce long-term growth of the economy and the amount of the funds that is available for retirement of booming new generation. The Center on Budget and Policy Priorities carried out an analysis which showed that the President’s proposal was to add $1 trillion in the new federal budget while implementing privatization in the first decade. The following decade was to use 3.5 trillion and much more trillions afterward. Accordingly, this would hurt the economy badly as noted by Orszag and Diamond (2005). The fact that particular insurance covers such as disability and survivors insurance which are offered by social security will decline when the private accounts become operational is a notable reason to oppose privatization. As explained by Max (2005) privatizing social security also means that retirement funds are put on the stock market. This weakens the system of nat ional retirement through potentially risky savings. The retirement savings are moved from a simple and an easy structure into a complex structure of investment that has a portfolio and shares of stock market which are not easy to understand and more risky to deal with. In addition, disproportionate returns are created by private accounts because individuals with higher income have more money and their risks for investment yields are higher as compared to workers who have low and moderate income. Some countries have witnessed negative effects of privatizing their national retirement schemes. For example, in the United Kingdom, the private retirement account started in 1988 and averagely 43% of the return on their investments is spent on marketing fees and management costs (Krugman, 2004). This means much of fund which is supposed to benefit contributors is used to run the privatized social security system. Such a scenario should be avoided completely. In his argument against privatiz ation of social security Max (2005) warns that during an economic crisis, privatization is very disastrous to people who make their contributions to the social security. The households lose most of their properties when there is an economic crisis because their investments are traded on the stock exchange. Banks are enriched by