1. Macroeconomics - Supply & Demand
The relationship between inflation and unemployment is often taken to be one of the most reliable in macroeconomics. Everyone knows that rising unemployment means lower inflation, and falling unemployment means higher inflation. No single economic statistic attracts more notice or implies more about the well being of the ... ...
... rates would likely to be much higher. Real income output (real GDP) fell by 29% from 1929 to 1933 and the United States stock market lost 89.5% of its value. [Macroeconomics in the Global Economy, by Sachs and Larrain]. Another unusual aspect of the Great Depression was deflation. Prices in the U.K, Germany and France fell by 25%, 30% and 40% respectively ... ...
The government is put in place by the people whom it governs, in the United States that is. We elect officials and give them titles, responsibilities, and issues to resolve in the most diplomatic way or in the best interests of the people. Why would we elect people to make decisions that can affect us so greatly? The answer is simple, without government we would have chaos. We should allow the government to intervene in economic affairs that are in the interest of the people of the United States of America. Intervention by no means constitutes dictatorship over the economy. Government official...
... growing and that things are getting better. If producers are charging higher prices and consumers are paying these prices then why not charge the higher prices. Bade. Parkin, Foundations of Macroeconomics. Boston. Addison Wesley. p. 368, p. G-4 Schiller, The Economy Today. Ninth Edition. Boston. McGraw-Hill. p.137, p.327, p.138, p. G2 (www.internation.se/toft/stagflation.htm ... ...