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In such a situation, contrary to economic rules, budget deficits and printing money do not drive up inflation and slashing government spending has a disastrous effect on incomes and employment. Low inflation discourages borrowing and spending and encourages sitting on cash. The persistent weakness in the economy forces businesses to cut prices and prevents workers from bargaining for better wages.
Paul Krugman argues for the need to provide monetary and fiscal stimulus to the economy to reduce unemployment and increase economic activity. He fears that letting these problems fester in the belief that these are short term problems would cause larger problems in the longer term.
Conventional economic theory suggests that money supply is the most important factor in causing inflation, the classic explanation of “too much money chasing too few goods”. The $ 2 trillion that was injected into the economy should have caused the high inflation that many economists feared. However this perhaps was not real money injected into the system but more in the nature of a book adjustment for the distressed financial institutions.
The two other factors that could have driven inflation were however absent in the US economy, the demand-pull factor and the cost-push factor. The demand-pull factor has been weak because of high levels of unemployment and the pessimism about the future in large sections of the people. There was no cost-push factor perhaps due to the fact that the crisis was global in nature. The Euro zone has been in recession and the China growth rate has slowed, reducing demand for a whole range of commodities.
Conventional economic theory was formulated in a time period where each country’s economy was significantly insulated from others through geographic distance, tariff barriers and other obstacles to trade. These theories perhaps need re-examination in the light of the interconnection in global economy.
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Discourse itself is affected by the social context in which it is used and also by the source and the conditions in which it is delivered. Discourse analysis helps in understanding how language provides meaning to a certain discussion or debate. With the help of this conception, several themes emerge during discourse analysis.
The data apparently came from the monitoring agency of the United Nation’s Food and Agriculture Organization (FAO) where monthly food price index was effectively used to measure the apparent changes in international prices of a basket of food commodities.
These raise are increasing frequency and moving up even at pace of twice a month. The rise is simply witnessed as buyers’ are coming back from the housing fall to get theirs little in the marketplace. This article revolves around the state of competition in Manhattan construction.
Within the piece in question, the author discusses the benefits and pitfalls of using and over-using social media as a means of developing a marketing approach. As the year 2013 draws to a close, it can definitively be stated that the impact of mobile computing with regards to communication and marketing is more important now than it was at any previous time in the future.
_r=0 The article presented relevant information pertaining to the exorbitant costs of drugs in the United States, particularly medications for asthma. It was disclosed that asthma is considered one of the most prevalently common chronic illnesses that could apparently be controlled effectively through drugs.
t in Wisconsin where 200 boys were molested by priests to the current issue in Europe where 67 people have come forward claiming the same thing has occurred to them. In both incidents the children were highly vulnerable ‘deaf’ children, and in both incidents there appears to
Apple asserted that Samsung made their devices so identical that customers could perceive those products, produced by Samsung, as made by Apple. A Research carried to this effect, based on witnesses’ testimonies indicated to the court that a substantial number of consumers has confused Samsung tablet computers and smartphones as Apple products.
16). Therefore, news can be considered as the dissemination of events, facts or knowledge from news worthy sources collected from different parts of the world. The broadcasting form of communicating news is through pictorial
News selection is dependent on the focus and target audience (Foreman, 2010, p. 59). For instance, tabloids mainly focus on people who consume celebrity gossip, while quality press publication focuses on people who read scandalous or political
However, following the increasing income inequality amongst the Americans, some economists doubt this belief. Inequality may increase the levels of poverty in a country, if low-income citizens face low productivity, as well
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