Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

MacroEconomics in Virginia Beach - Essay Example

Comments (0) Cite this document
Impacts and causes of Hyper-inflation in Virginia Beach Area Tutor Date: Introduction Inflation refers to a persistent increase in prices of commodities whereby, the purchasing power of money tends to fall (Mankiw, p657). Additionally, inflation may be understood by taking into consideration both monetary and price inflation…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER99% of users find it useful
MacroEconomics in Virginia Beach
Read TextPreview

Extract of sample "MacroEconomics in Virginia Beach"

Download file to see previous pages Economist and financial analyst determine inflation by finding the difference between the current consumer price index and the previous consumer’s price index (Mankiw, p471). Therefore, this study aims to investigate the impacts and causes of hyper inflation in Virginia area. Impacts of Hyperinflation in Virginia Beach Area The impacts of inflation are numerous whereby, its effects are not only felt by individuals but are also felt by the overall economy. Therefore, hyper-inflation refers to an inflation rate that is above 50 percent, this kind of inflation may be attributed to government actions of printing money in order to finance its expenditure. The act of pritinting money by the Federal government causes an increase in the amount of money in circulation. This may consequently leads to an increase in commodity prices (Mankiw, p382-387). Hyper inflation was first experienced in Germany after the First World War when the German government printed money to reconstructs its economy. Additionally, hyper-inflation was first witnessed in Zimbabwe between the year 2004 and 2009 (Smith, paras1-6). In above connection, the United State reported a hyper-inflation after the Federal government tried print money with an aim of suppressing the negative impacts of world war one. However, the U.S government has taken measures to mitigate as well as prevent the occurrence of hyper-inflation. Among the measures employed include; setting a federal reserve system (Kimberly, paras4-6). In above connection, Virginia anticipated economic and political down turn as a result of hyper-inflation. Legislators in Virginia were wondering whether the establishment of a common currency across the commonwealth could have acted as a perfect substitute for currencies supplied by the Federal government (Kimberly, paras3-5).Some of the substitute that were to be utilized as money include; Gold and Silver. However, the United States Federal government was against the idea because most of their wealth was tied up in foreign debts. On the other hand, the Virginia commonwealth believed that both political and economic problems were attributed to the impacts of hyper-inflation. The Legislators asserted that the problems of hyper-inflation could have been addressed into two major ways namely; motivating people to buy legal tender attached on silver and gold (Kimberly, paras5-6). In above connection, citizens could be motivated to carry out capital investment. This could have been done by government through reduction of tax burdens attached on to such investment. Additionally, it was recommended that Virginia could set a side some intangible assets in order to hedge risk associated with hyperinflation (Kimberly, para6). Causes of Inflation There are two major cause of inflation namely demand pull inflation and cost push inflation. Demand pull inflation involves persistent increase prices of commodities due to higher demand (Tucker, p284). Several factors may be attributed to be the causes of demand push inflation, among the factors include; economic growth, anticipation of inflation in the future, government policies such as fiscal policies, advancement in technology. Whereby, economic growth may leads to an increase in demand for goods and services (Kimberly, paras1-3). On the other han ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“MacroEconomics in Virginia Beach Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
MacroEconomics in Virginia Beach Essay Example | Topics and Well Written Essays - 750 words. Retrieved from
(MacroEconomics in Virginia Beach Essay Example | Topics and Well Written Essays - 750 Words)
MacroEconomics in Virginia Beach Essay Example | Topics and Well Written Essays - 750 Words.
“MacroEconomics in Virginia Beach Essay Example | Topics and Well Written Essays - 750 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF MacroEconomics in Virginia Beach

Media Ethics: The Case of Virginia Tech Gunmans Video

 While it is possible to argue that the public’s right to know is more compelling than the shooter’s right to privacy, many argue that the release of the tape was irresponsible and insensitive and as such was unethical. The discussion that follows explores these arguments and determines that the publication was indeed no more than a business venture aimed at increasing ratings by pandering to lurid curiosity. As a result the publication of the video was grossly unethical. Its publication was reflective of irresponsible reporting characterized by insensitivity.
Following the Virginia Tech’s shooting in April 2007, NBC released video prepared by the gunman and allegedly mailed to NBC sometime between the...
9 Pages(2250 words)Literature review

The Forgotten War in West Virginia

Not many people anymore have any idea what happened to these miners, which is puzzling since the term “redneck” is so common in today’s vernacular. This is unfortunate, as many of the current union laws are a direct result of this conflict. It all began in West Virginia when the coal industry began to blossom in 1883. From there, immigrants and locals were employed to work mines as the demand for coal became paramount to the economy. A dispute began to mount between mine owners and the miners that worked for them. “From the time the first shovelful of coal was removed in West Virginia, the men who did the mining were exploited by those who owned the mineral” (Meador). The owners were often very unfair...
12 Pages(3000 words)Term Paper

Amy Beach: A Musical Prodigy

She was the music sensation of the 20th century. Amy Beach was an immensely talented and highly acclaimed music composer and pianist of America. She was born on September 5, 1867. Amy had a marvelous blend of divine musical gift and first classed craftsmanship which earned great respect and high acclamation to her. The essay is a tribute to this musical sensation.

Here my effort is to focus on the various facets of Amy’s life which include her childhood incredible tales and her elevated career graph. Amy Beach (Mrs. H.H.A. Beach) (1867-1944) was born in New Hampshire into a distinguished family. Though unbelievable it was true that she was able to sing forty tunes perfectly by the age of one. She started composing...
6 Pages(1500 words)Essay

Macroeconomics and Trade Policys

Keynes argued that prices and wages do not determine the level of employment, as many classical economists suggested, but instead the level of aggregate demand for goods and services (Case & Fair 683). Keynes realized as well during the Great Depression that the government could intervene in the economy to attain specific employment and output goals by either increasing or decreasing taxes and government spending.

For example, raising taxes will decrease the disposable income of households and thus effectively decreasing consumption. When the government decreases consumption, the household demand for goods and services decreases thus it would only seem reasonable that the amount of output that the economy would also...
7 Pages(1750 words)Article

What Is Macroeconomics

While microeconomics is concerned with the factors underpinning the economic life of individual entities like families and small businesses, macroeconomics looks into the various elements that move or determine the economy in its entirety or what some call an aggregate economy. Macroeconomics is useful because it allows a predictive view of how market forces affect the economy and advises governments appropriate economic policies and gives private individuals and business entities a glimpse of what the future holds economically.
The term macroeconomics did not exist prior to the Great Depression but there was a collective set of theories that were used to study the various workings that influenced the aggregate economy. Econo...
8 Pages(2000 words)Assignment

Intermediate Macroeconomics and Macroeconomic Coordination

...CHAPTER 04 (MACROECONOMIC COORDINATION) We know that when GDP, APE & ASF are unequal, than an interplay occurs (Macroeconomic coordination process) which bridges the gap between these variables. If there is a disparity between ADF & ASF, there will be an automatic reaction among money users & suppliers which restores the magnitude of these variables to equality generally known as funding adjustment. Similarly, if there is a difference in the values of GDP & APE, it will trigger the suppliers of goods & services to act together and bring the figure close to equality. This process is called output-price adjustment. The purchasers of the domestic output can be classified into three groups. Group 1 involves individuals having sufficient money...
6 Pages(1500 words)Assignment

Preventing Drug Abuse among Youths in West Palm Beach, Florida

The statistics also indicate that the total number of deaths was 12,941 with the white population encompassing 11,595 and the black 1 162. These statistics show that the rate of birth is higher than the rate of deaths i.e. 10.4% to 9.7%.
The county government enhances the health of the residents, including the youth through collaborating with the health care providers and other organizations involved in catering for the welfare of the community. According to (2012), some of the health care services provided by hospitals to the county residents include Acute Care, Proprietary, emergency service, and veterans administration. The social welfare is enhanced by non-governmental organizations, especially those involved...
6 Pages(1500 words)Coursework

Watershed Protection Plan for Water Quality on the Cumberland State Forest in Virginia

Research shows that effective watershed management should include analysis and quantification of the specific roots and sources of water quality problems, active participation of stakeholders, specific actions needed to solve identified problems and identification of measurable water quality goals.

Cumberland state forest was established in 1939 to demonstrate the best forest management and provide a land base for many conservation activities including watershed protection. Cumberland state forest was established at a time when the land was in a depleted condition due to extensive agricultural uses. The forest is located within Cumberland County and in the piedmont plateau located 21 miles north of Farmville. The fores...
6 Pages(1500 words)Term Paper

White Tailed Deer Management Plan for Fairfax County, Virginia

...White-Tailed Deer Management Plan for Fairfax County, Virginia (Term Paper) Number Faculty Introduction Virginia, a part of Fairfax County is located near a big tract in forested parkland. Approximately twenty-five years ago, finding deer in the place was quite rare. However, in some years later deer sightings were found to be occasional and they could easily be found browsing anywhere near households in the region. Overpopulation of the animals, as mentioned above in the suburban surrounding, has been a major concern both in the eastern and central parts of the Fairfax County (Saari, 2012). Overpopulation particularly of the Fairfax County of deer has caused damage to the ecology, resulted in significant loss of property by damage...
6 Pages(1500 words)Term Paper

Virginia Woolfs Mrs. Dalloway

... Mrs. Dalloway Is the self a constituent of an individual or is an individual defined in the context of the society? Virginia Woolf’s Mrs. Dalloway explores a day in the life of Clarissa Dalloway, an aristocratic English woman. Married to Richard Dalloway, a Conservative Member of Parliament, Clarissa seems to live the good life in London. Even so, this is on the surface, because in reality, she in search of individuality and personality, and the search for self-identity. Social forms and sexual expressions riddle the storyline and experiences of Clarissa. Woolf erratically interweaves and rearranges the past and the present to explain the experiences of the characters. She fragments her attention from Clarissa to Septimus, to Walsh to Mrs...
6 Pages(1500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic MacroEconomics in Virginia Beach for FREE!

Contact Us