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Mark Lorenzo

toegevoegd een audio Financial Services
2023-03-01 17:29:34 -

Elasticity in areas other than price
Key points Elasticity is a general term, referring to percentage change of one variable divided by percentage change of a related variable that can be applied to many economic connections. Elasticity applies in labor markets and financial capital markets just as it does in markets for goods and services. Cross-price elasticity of demand is the percentage change in...

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Mark Lorenzo

toegevoegd een audio Financial Services
2023-03-22 17:52:05 -

Real interest rates and international capital flows
There is more to international exchange than the flow of goods and services across borders: financial assets are also exchanged. When there are differences in real interest rates between two countries that allow for the flow of financial capital, that capital flows to the country with the relatively higher real interest rate and out of the country with the relatively lower real interest...

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Mark Lorenzo

toegevoegd een audio Financial Services
2023-03-29 20:02:04 -

Shifts in aggregate demand
Key points The aggregate demand/aggregate supply model is a model that shows what determines total supply or total demand for the economy and how total demand and total supply interact at the macroeconomic level. The aggregate demand curve, or AD curve, shifts to the right as the components of aggregate demand—consumption spending, investment spending,...

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Mark Lorenzo

toegevoegd een audio Financial Services
2023-03-10 20:43:28 -

The expenditure-output, or Keynesian cross, model
Key points The expenditure-output model, or Keynesian cross diagram, shows how the level of aggregate expenditure varies with the level of economic output. The equilibrium in the diagram occurs where the aggregate expenditure line crosses the 45-degree line, which represents the set of points where aggregate expenditure in the economy is equal to output, or national income....

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Mark Lorenzo

toegevoegd een audio Financial Services
2023-06-14 20:21:07 -

The expenditure-output, or Keynesian cross, model
Key points The expenditure-output model, or Keynesian cross diagram, shows how the level of aggregate expenditure varies with the level of economic output. The equilibrium in the diagram occurs where the aggregate expenditure line crosses the 45-degree line, which represents the set of points where aggregate expenditure in the economy is equal to output, or national income....

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Mark Lorenzo

toegevoegd een audio Financial Services
2023-03-20 20:55:58 -

The Keynesian perspective on market forces
Key points The Keynesian prescription for stabilizing the economy implies government intervention at the macroeconomic level—increasing aggregate demand when private demand falls and decreasing aggregate demand when private demand rises. This does not, however, imply that the government should be passing laws or regulations that set prices and quantities in...

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Mark Lorenzo

toegevoegd een audio Financial Services
2023-06-21 18:14:23 -

The Phillips curve in the Keynesian perspective
Key points A Phillips curve shows the tradeoff between unemployment and inflation in an economy. Keynesian macroeconomics argues that the solution to a recession is expansionary fiscal policy that shifts the aggregate demand curve to the right. The other side of Keynesian policy occurs when the economy is operating above potential GDP. In this situation, unemployment is...

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Mark Lorenzo

toegevoegd een audio Financial Services
2023-06-13 20:10:13 -

Using a person's budget to understand the balance of payments
To get a better understanding of the balance of payments accounts, let’s think of a single person’s sources of funds and uses of funds. We can summarize Harry’s budget for this month as shown in the table below: Source of funds or use of funds Amount Income earned from selling copies of his book “Talking to snakes for fun and profit”...

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Leonard Pokrovski

toegevoegd een audio Money
2025-09-17 19:52:04 -

What Causes Inflation?
What Causes Inflation? Inflation—the general rise in the price level of goods and services over time—is one of the most closely watched economic indicators. It affects households, businesses, and governments alike, influencing the cost of living, purchasing power, and investment decisions. While moderate inflation is considered normal in a growing economy, high or unpredictable...

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Leonard Pokrovski

toegevoegd een audio Other
2023-06-02 20:59:18 -

Why Global Supply Chains May Never Be the Same. (2022)
Every day, millions of sailors, truck drivers, longshoremen, warehouse workers and delivery drivers keep mountains of goods moving into stores and homes to meet consumers’ increasing expectations of convenience. But this complex movement of goods underpinning the global economy is far more vulnerable than many imagined. My Link

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