Class name Date assignment is due Title The main macro economic policies used by the American Government and the U.S. Federal Reserve over the last two years could not bring progress in all spheres. American Government and the U.S…
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Obama never hesitated to introduce domestic economic initiatives that would check the economic issues. He requested Congress for an economic stimulus package that is worth more than 800 billion dollars. He requested this grant for dealing with the economic crisis. This grant became an integral part in the President’s economic policy for the nation. As a part of Obama’s economic policy in the United States, he had a discussion with the banking sector to bring new banking policies so that the customers will be benefited. He formulated economic policies that help US come out of the recession. However, certain resources say that no international policies have been started by him. He has also been silent in the topics of world recession. First preference of the president’s economic policy is to upgrade trade relations with other nations. Economic conditions of America went through a difficult phase. Even though US economy has faced a constant economic growth, they encountered financial crisis before few years. Its economic growth had severely impeded by the recession. Economy of US is considered as the healthiest and fast developing economy. US economy is one of the fast growing economies of the world. US government developed several monetary and fiscal policies that made the nation come out of the grave economic problem. Several actions have been taken to stabilize the economic crunch. Several new economic policies are introduced by the government so that the financial sector is steady enough to handle the nation. New economic policies of the nation are intended to solidify and build up economic growth and productivity. However growth and development are not always evenly distributed in the United States. The economic policy of US strains the equality in healthcare and financial access. Several health insurance programs have been initiates to ensure better healthcare facilities for US residents. The economic policy of the nation is targeted towards making the nation a market oriented economy. In a market oriented economy majority of the decisions are made by private business firms and individuals. Business firms enjoy a great amount of flexibility in the United States. Even the business firms of Japan and Western Europe enjoy such flexibility. Introduction of new products is expected to bring economic growth. Big developments are expected in the fields of aerospace, computers, medical equipment and military equipment. Per capita gross domestic product may experience growth according to the new American economic policy. Underemployment and unemployment rates are expected to decrease. Exports also expect a rise because of the new economic policy. The economic recovery started by the middle of 2009. It got strengthened in the following months. However, the development has not been fast enough to bring a major progress in the job market. The first phase of the economic recovery, in the later months of 2009 and in the early months of 2010, included the stabilization of the financial system and the different effects of the expansionary fiscal and monetary policies. The economic recovery also witnessed a strong boost to production from the various ventures that build their depleted inventories. But economic growth slowed down at a big rate as the impetus from inventory building and fiscal stimulus diminished. Moreover, the debt problems of Europe disturbed the global
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There is a reduction in growth rate as experienced in other developing countries for example 3.2%-2.6% rates in Kenya during the same period. Like other developing country, its population has doubled since 1990 due to the high population growth rate. However, its fertility rate is reducing just as the case in other developing countries for example from 7.0% between 1990-1995 and to a projected rate of 4.8% between 2010-2015.
The disappearing jobs and the devaluation in the home prices had compelled the consumers to cut down on their costs which adversely affected the labor market as the business laid off their workers to reduce costs, eventually making the country enter into a vicious downward cycle.
oyment is perilous for a country which is the reason why the governments of both developing and developed countries are taking steps to cope with this problem in a better way.
Actually, when employment starts to create problems, no one but government can handle it in the right
Oftentimes, economics strongly asserts or assumes that the world behaves according to the models that it has developed and recommends policies based on models that do not adequately consider or factor in social and historical
The market system is said to be a very just system where everyone gets what he or she deserves and there are no monopolies and government control on prices.
There are many reasons why market system is considered the best mechanism of allocating scare resources.
“The Hunt brothers believed that inflation would result in silver becoming a haven, just like its more expensive cousin, gold... Bunker foresaw at least a tenfold increase in the price of silver as a result of the plummeting
The overall structure of the industry suggest that there are two type of producers i.e. the one who produce and manufacture mobile phones and other ones who provide data services to communicate and perform other tasks
p1 by purchasing excess supply, there will be a problem in case there will be a rise in supply due to better than predictable yields of wheat at harvest time. This will cause the supply of wheat to shift out to Supply of wheat 2 as shown in graph putting down ward pressure on
While, the long run is the overall period till the period comes to termination. The long run has the disadvantage that the insurance policy might come to an end or the insured is compensated before the