That can make unemployment look worse because those workers don't count as unemployed until they start actively seeking a job." (Andron, 1) The outcome of this trend, whatever its implication, is to place Miami at the forefront of the labor crisis impacting state and nation as a whole
In fact, long-term inflation expectations haven't budged and the Fed is still ahead of curve on inflation,' said John Canally, an economist and investment strategist at LPL Financial in Boston." (Mutikani, 1)) This is an optimism which is not shared by everybody
Two other types of supply shocks are beneficial supply shocks and adverse supply shocks. A beneficial supply shock is when there is an increase in output, which decreases the price level (McEachern, 2011)
It is "commonly defined as the record of transactions between its residents and foreign residents over a specified period. Each transaction is recorded in accordance with the principles of double-entry bookkeeping, meaning that the amount involved is entered on each of the two sides of the balance-of-payments accounts" (Fieleke 1996: 2)
Theoretically, the BOP, or balance of credits and debits should be zero. The BOP is divided into three components: the current account, the capital account and the financial account (Heakal 2009)
An embargo stops exports or imports of a product or group of products to or from another country. Sometimes all trade with a country is stopped, usually for political reasons (Hall, 2011)
In bad times, however, the desire for comforts doesn't leave, it simply scales down. People will pass on the stereo, but a nightly glass of wine, a pack of cigarettes or a chocolate bar are small expenditures that help hold back the general malaise that comes with being tight on cash" (Beattie 2009)
Increases in income and consumption amongst the rich are less directly linked than amongst other income groups. Secondly, it is also a sad indication of the seismic gap between rich and poor which has grown in the nation over the past thirty years, given the level of wealth the rich are able to exercise in making such purchases and their relative insulation from the business cycle (Besharov & Call 2009)
For the first time, Chinese will buy more cars this year than Americans. Demand is so high that drivers put their names on long waiting lists for the most popular models," including gas-guzzling SUVs (Bradsher 2009)
Inventories will grow as a result and production will decline in response. Eventually, prices go down as firms engage in bidding wars, and consumers begin to buy again (Haltiwanger et al
1). As the jobless rate begins to stagnate (although it is still just as hard for the currently employed to find work) the cache of 'coupon chic' has abated; now the recession has officially ended (Rugaber 2009)
Many of the ultra-wealthy made cutbacks in their purchases, often symbolically, as soon as Lehman Brothers began to unravel: "The day after Lehman Brothers went down, a high-end Manhattan department store reportedly had the biggest day of returns in its history. 'Because the wives didn't want the husbands to get the credit-card bills,'" but not because a few hundred or even thousand dollars would make a great difference to the financial status of these individual's households (Shnayerson 2009, p
A recession is usually defined as two consecutive quarters of economic contraction, although this definition has been in dispute amongst economists as overly rigid. After evaluating the economic conditions that resulted after the failure of the housing market and liquidity crisis, most economists now date the recession back to December 2007, despite the failure of the economy to be in a state of official contraction (Sparrow 2009)
S. growth in the last year or so has been generated by exports' (Wolf 2009, p
The reasons for the budget deficit definitely matter. As with any spending, there is a difference between spending on things that will build revenue growth for the future and investing in things that will not contribute to such growth (Auerbach & Gale, 2009)
Network effects can also increase concentration in an industry (examples being computer operating systems, telecommunications or airlines). There may also be public policy explanations for higher levels of concentration (Shughart II, 2008)
On the other hand, demand when it comes to macroeconomics is largely dependent on the expectations of households coupled with the prices of all the products. Supply in this scenario is dictated upon by the cost of production (in total) and the expectations of producers (Hussain, 2010)
The Key/Main Differences between Microeconomics and Macroeconomics Derived from the word "micros" which is essentially a Greek name for "small," microeconomics' primary focus remains on small individual groups or units. Derived from the word "macros" which is a Greek term literally taken to mean "large" or "long," macroeconomics concentrates on the analysis of the aggregate economy (Mishra, 2010)
Interest rates encourages saving and depositing of funds with the commercial banks. The government also has the capacity to repay the public debt substantially and efficiently due to increase in the interest rates (Gans, 2011)
However, this economical phenomenon does not usually apply in all economies. For instance, the government debt of Canada is on the increase while the interest rate is unusually low (Midthjell, 2011) Lower interest rates have the capacity to shift the interest of potential investors from securities and bonds