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According to the article in the Journal by Froyen, (2009), the other school of economics that deals with monetarist, real business, and classical cycles believe that fiscal policies cannot increase production or employment levels. Fiscal policy is considered as the planning of government expenditure and revenue thus; tax revenue and government expenditure can be determined as a percentage of GDP. In addition, human capital can be determined as the expenditure on human development as a percentage of GDP. Since the governments do not rely on one source of revenue, fluctuations in the level of GDP do not have an impact on employment and production (Froyen, 2009).
Monetary, real business and classical cycles’ theories say that fiscal policies cannot increase the level of employment, but rather influenced by other supply side determinants such as deregulation, technology development and infrastructure. If fiscal policies are considered alone they have the potentiality of affecting employment in all production
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Thus, the measures in this field include believing that one possesses the capabilities to start a business, feeling that there are opportunities in ones own territory, and the feeling of optimism about the success of ones own business. According to Acs and Szerb, entrepreneurship can be defined as a dynamic interaction of entrepreneurial attitudes, entrepreneurial activity, and entrepreneurial aspiration that vary across stages of economic development (7).
These peace talks were proposed by the US government through Secretary of State John Kerry and involve peace negotiators from both Israel and Palestinians (Reed, 2013). They are the first direct talks since 2010, and they began with Israel releasing twenty-six prisoners to set the stage for renewed talks.
According to the paper, during President Johnson's time, the US engaged in military involvement with countries to thwart a communist takeover. Before the Nixon took presidential office the US was already at war in Vietnam. In Vietnam War, American troops were directly involved and that gesture of the US became a great morale booster for Vietnamese.
Included in the five specific articles would be discussions on immigration, housing, the federal interest rates, and the US dollar.
Gordon Hanson and Philip Martin trade off in their discussion titled Immigration's Costs - And Benefits from the June 26, 2006 Econoblog in the Wall Street Journal and give a great deal of understanding in the heated debate on illegal immigration.
believe that sending them away into an environment where many of their freedoms and privileges are taken away will help them to mature and see the destructive course their lives have take. The problem with this situation is the power that is taken from the juveniles is then
As Timothy Tsun Tin Fok says, “It’s just part of globalization. Clothes are made in China, Vietnam, all over Asia. The limelight should be on the athletes now. This shouldn’t be hijacked by politicians” (McDonald 2012). The issue was first brought to
The consumption of the oil in the United States has also increased over the last year and the rate of increase is much more than that of the other large economies of the world. This increase resulted due to the increase in the demand in the petrochemical
William & Wayne (45) outline that international trade affects all aspects of the economy in both the negative and positive ways.
Globalization has led to a lot of changes in the economy of both Europe and the
There have also been a number of terror attacks in many countries. In addition, there have been high terrorist threats in many countries in Africa, Asia and other parts of the world. This paper provides a synopsis of some of the most current