Inflation and Government Economic Policies - 1147 Words

| Inflation and Government Economic Policies | M3:A2 | 5/1/2013 | | ECO 201 M3:A2 5/1/13 1. What is inflation? Inflation is an increase in prices for goods and services (What is Inflation?). What are the causes of inflation? Inflation has a variety of possible causes, but they are between the Keynesian and monetarist theories, ranging between demand-pull, cost-push, built-in inflation, and the quantity model. With demand-pull, inflation is caused by aggregate demand being more than supply. With cost-push, inflation is caused when manufacturers and businesses raise prices due to shortages in order to balance increases in production costs. With built-in inflation, inflation occurs due to prior increases in prices†¦show more content†¦Consumer Price Index for All Urban Consumers (CPI-U): U.S. city average, by expenditure category, 2013). (Consumer Price Index-All Urban Consumers). 3. What is the Producer Price Index (PPI)? Producer Price Index (PPI) is an economic index that keeps track of the cost of production or wholesale prices for certain goods and services (What Is a Producer Price Index?). How has the PPI behaved since the year 2000? The PPI behavior has decreased since the year 2000. What have been the causes of these changes? In your response, include a graph of the PPI for this period and cite your source. The causes of these changes are due to a decline in finished goods such as finished energy. Finished energy has fell 3.4 percent in March, marking it the largest decline since 2010 with a 3.5 percent decrease. There was also a 6.8 percent decline in gasoline due lower prices for diesel fuel and home heating oil (Short, 2013). (Short, 2013). 4. What is the Consumer Expenditure Survey (CE)? Consumer Expenditure Survey (CE) is a survey that provides information on the buying and spending habits of consumers in an economy (What Is Consumer Expenditure?). How has the Survey behaved since the year 2000? The Consumer Expenditure Survey (CE) behavior has been fluctuating since the year 2000. What have been the causes of these changes? In your response, include a graphShow MoreRelatedModern Egyptian Economy1526 Words   |  6 Pageswitnessing a series of economic and political reforms since the beginning of the 21st century. Starting from post-Gamal Abdel-Nasser’s era in 1990 several economic reforms and monetary policies have been implemented by the Central Bank of Egypt (CBE) and other economic institutions. The economic reforms started by the Economic Reform and Structural Adjustment Programme (ERSAP), offered by the International Monetary Fund (IMF), in 1991 with the aim of amending the economic imbalance of demand andRead MoreEvaluate Two Macroeconomic Objectives the Government in Your Home Country Aims to Achieve and How Effective Is the Government in Achieving Them?1286 Words   |  6 Pageswill examine how British macroeconomic policies have attempted to reduce the damage of recent economic turbulence in the US on the UK economy. Macroeconomics, policies that aim to improve economic growth, maximise national income and raise the standard of living for citizens, have four main methods: full employment, inflation, balance of payments, equilibrium of supply and demand. In this essay I will look at: inflation and taxation. I will describe the policies followed, how they were put into practiseRead MoreEconomic Development Of A Country1027 Words   |  5 Pagesinvolved. We cannot get rid of economic if we want to talk about development. The term economics can be defined as the science of how people and societies deal with their limited resources to satisfy their unlimited wants (Miller, 2012). The development of a country is based on many characteristics, such as the average income per capita, level of education, the death rate every year, the population health, and many more, but the most important characteristic is the economic activity of a country, thereforeRead MoreThe Bank Of Canada s Inflation Targeting Policy925 Words   |  4 PagesFederal governments through the central banks bear the role sustaining a stable economy for its citizens. Besides the fiscal policy, monetary policy is a core approach utilized to regulate the money supply in the economy. In an economic perspective, increased money supply strengthens the consumers ‘purchasing power prompting them to continue borrowing with an urge to invest. Consequently, interests rate raises while the price for bonds lowers, thus causing inflation. To level, the government may interveneRead MoreThe Conflict Between Inflation And Unemployment1374 Words   |  6 PagesInflation in particular is likely to occur when growth is above the long run trend rate and the aggregated demand increases faster than aggregated supply. China and India are two countries where this combination of strong economic growth and rising inflation has been seen in recent years. In 2010, China grew by 9.8% but her inflation rate was 4.9% and rising. India grew by 8.6% but he r inflation rate was 8.3%. Persistently higher rates of inflation can then have negative effects on internationalRead MoreImpact of Budget Deficit Policy1328 Words   |  6 PagesWith an outline development goal who will achieved through the policy of macro economy is in order to reach the level of unemployment is low gainful price stability, economic growth as expected and distribution income it equal. To achieve development goal the government allocated to finance through budget state that are arranged every year. One of the fiscal policies implemented that related to the budget is a budget deficit, a policy which the state revenues are less than the state expenditure.Read MoreThe Australian Government’s Implementation of the Economic Stimulus Plan746 Words   |  3 PagesInflation can be described as the sustained increase in the general level of prices over a given period of time, usually one year. Inflation can have negative effects on many of the key economic outcomes such as economic growth, exports, international competitiveness and income inequality. Inflation is measured in Australia by the Consumer Price Index (CPI); the CPI outlines the movement in the prices of a basket of goods and services that are weighted according to their importance for the averageRead MoreThe Meaning of Inflation Essay examples1084 Words   |  5 PagesMeaning of Inflation There are four macroeconomic policy objectives that a government pursues: high and stable economic growth, low unemployment, low inflation, the avoidance of balance of payments deficits and excessive exchange rate fluctuations. Some of these policy objectives may conflict with each other depending on the priorities of the government. A policy designed to accelerate the rate of economic growth may result in a higher rate of inflation and balanceRead MoreDiscuss the Economic Policy Conflicts That Arise in the Pursuit of Economic Growth978 Words   |  4 Pages1. Discuss the economic policy conflicts that arise in the pursuit of economic growth Maintaining economic growth between 3-4% has been the Australian Government’s main economic objective. By managing sustainable level of economic growth, Australia may benefit through positive effects such as higher capita incomes and living standards. Although Australia has had relatively stable rate of economic growth during the 1990s to 2000s with an average of 3.3%, Australia has had issues including the depletionRead MoreThe Functions of The Central Bank Essay1381 Words   |  6 Pagescredit. More specifically, the central bank uses its monetary policy tools to achieve certain objectives for the benefit of the economic interests of the nation and also to consistent with the government fiscal policy. The idea of central bank can trace back to 17th century. Ever since, a number of countries, such as France, New Zealand, Spain, and the United Kingdom, enact law to make their own central banks more isolate from the government after witnessing the good practice of Germany and Switzerland

Epistemology Annie Dillard and Sven Birkerts Essay example Example For Students

Epistemology: Annie Dillard and Sven Birkerts Essay example Knowledge plays a significant role in all aspects of our lives. It’s facts, information, and skills that are obtained by a person through experience and education. Annie Dillard and Sven Birkerts explore the theory of knowledge, otherwise known as epistemology in their essays â€Å"Seeing† and â€Å"The Owl Has Flown.† The knowledge we gain contributes to the outcome of our lives, but only we can come to that conclusion with how we interpret this knowledge. In Annie Dillard’s Essay â€Å"Seeing† she describes her beliefs about how people become aware of their knowledge and how the proper perception can provide someone with a greater understanding and appreciation of the world we live in. This appreciation and understanding of knowledge is her answer how to live a fortunate and meaningful life. Dillard supports her beliefs by telling the story of when she was a small child she used to hide pennies leaving a trail of clues for people to find them. â€Å"The world is fairly studded and strewn with pennies cast broadside from a generous hand. But- and this is the point- who gets excited about a mere penny† (Dillard, 39)? When someone sees a sign that says MONEY THIS WAY they are expecting at least a couple dollars not a single penny. (Dillard, 40) After reading this I found it strange as to why anyone would be disappointed for only finding a penny. Yes, they probably got their hopes up hoping to find a million dollars, but shouldn’t the fact that someone was thinking of them hoping for them to smile be enough? People are let down and disappointed in reality because they are expecting to see what they want to see. They are not walking into a situation open minded appreciative of whatever they will find. Growing up we are constantly learning as children, but those who are truly knowledgeable continue to learn throughout the rest of their lives. This allows them to keep discovering new ways to view the world and also allows them to keep an open mind and open eye to their surroundings because nature and life is a rather now you see it now you don’t affair (Dillard, 40). The truly knowledgeable see in an artificial obvious way, seeing what you don’t expect to see, rather than natural obvious, seeing what you expect to see (Dillard, 42). â€Å"As soon as you can forget the natural obvious and construct an artificial obvious, then you too will see deer.† Dillard supports this idea through her story of the bullfrog. She tells the story about the unexpectedly large frog that she could not point out. Her peers could see the frog in the distance, but she could not so finally she asks, â€Å"What color am I looking for?† Her peers tell her the color of the frog is green. After she finally spotted it she realized it wasn’t green at all, but a more wet hickory bark color. Dillard couldn’t find the frog right off the back because she was expecting to find a green frog. I find it interesting as to why our minds find it normal to look for things that are natural to us. Why is it that it’s not natural to seek out abnormal instead? If you open your mind and let yourself think in a way that’s unnatural to you, then you will start to notice the little unnoticed things in life. This knowledge allows you to truly see and observe the world around you and seeing is a key concept to happiness and success. Seeing allows us to not only open our minds but also open our hearts. Its not how much information you know that makes you knowledagble its how you obtained that information and what you make of it afterwards. .u465233069008bc4297e6582b5fab4470 , .u465233069008bc4297e6582b5fab4470 .postImageUrl , .u465233069008bc4297e6582b5fab4470 .centered-text-area { min-height: 80px; position: relative; } .u465233069008bc4297e6582b5fab4470 , .u465233069008bc4297e6582b5fab4470:hover , .u465233069008bc4297e6582b5fab4470:visited , .u465233069008bc4297e6582b5fab4470:active { border:0!important; } .u465233069008bc4297e6582b5fab4470 .clearfix:after { content: ""; display: table; clear: both; } .u465233069008bc4297e6582b5fab4470 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u465233069008bc4297e6582b5fab4470:active , .u465233069008bc4297e6582b5fab4470:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u465233069008bc4297e6582b5fab4470 .centered-text-area { width: 100%; position: relative ; } .u465233069008bc4297e6582b5fab4470 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u465233069008bc4297e6582b5fab4470 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u465233069008bc4297e6582b5fab4470 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u465233069008bc4297e6582b5fab4470:hover .ctaButton { background-color: #34495E!important; } .u465233069008bc4297e6582b5fab4470 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u465233069008bc4297e6582b5fab4470 .u465233069008bc4297e6582b5fab4470-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u465233069008bc4297e6582b5fab4470:after { content: ""; display: block; clear: both; } READ: Seeing by Annie Dillard and Our Perception of the World EssayBirkerts describes epistemology in our flaws of reading extensively . â€Å"From the Middle Ages until sometime after 1750, according to Engelsing, men read â€Å"intensively.† They had only a few books-the Bible, an almanac, a devotional work or two-and they read them over and over again, usually aloud and in groups so that a narrow range of traditional literature became deeply impressed on their consciousness† (Birkerts, 30). Those who know little can still be knowledgeable. â€Å"In our culture access is not the problem, but proliferation is. And the reading act is necessarily different than it was in its earliest days. Awed and intimidated by the availability of texts, faced with the all but impossible task of discriminating among them, the reader tends to move across surfaces, skimming, hastening from one site to the next without allowing the words to resonate inwardly† (Birkerts, 31). In the earlier days people only had a small selection of books to choose from, but they read the books they had thoroughly, and acquired in depth knowledge from each book. Because these men spent hours on end reading these same books over and over again page by page they sincerely understood the story being told. Birkerts explicates clearly that in present time we read extensively, otherwise known as reading horizontally. We pick up a book, skim across it lightly, and move on to next because we have the option to do so now. Because we skim across reading material were not fully gaining any knowledge. We read it and file it away in our brain unsolved like a cold case. There’s n o outcome as to what we can do with this knowledge because in order to make something of it you have to understand it. Dillard’s theory of natural obvious and artificial obvious merges with Birkerts idea of reading intensively and extensively. Reading extensively is just another way at unsuccessfully seeing in an artificial obvious way. By skimming across what we read not taking in the information thoroughly we read in a natural obvious way. We pick parts and pieces we seem to find intuitive, but by doing this we gain no knowledge. By reading intensively we read in an artificial obvious way. We read the material over and over again open-minded and notice the true message hidden within the words. From there you can go on and use your knowledge to obtain success. By reading intensively we have a greater chance at using the knowledge we gain to achieve a favorable outcome. â€Å"For how we receive information bears vitally on the ways we experience and interpret reality† (Birkerts, 31). Think of it like a math test for example. If you practice for your test once the likelihood of you passing is slim, but if you study your material over and over again until you’ve completely know how to get everything right you’re likely to pass with flying colors. This example leads to my disagreement with Birkerts. He believes that since we do have a larger selection of reading material that reading intensively is practically extinct. This seems to mean what he basically describes, we glance at a book and move on to the next because we have the option to do so, but it could also mean that we seek out other information because the previous does not live up to our standards. I can tell you that I’ve read many series of books multiple times and pretty much know them like the back of my hand. I believe that it’s not the amount of books we have that determines whether we read intensively or extensively but the book itself and how it personally collides with us as an individual. Throughout Annie Dillard essay â€Å"Seeing† and Sven Birkerts essay â€Å"The Owl Has Flown† both authors brilliantly inform us how epistemology affects our lives. Whether it’s seeing and gaining knowledge naturally or artificially, or whether it reading intensively or extensively, all that matters is what we as individuals make of it. Only you can choose your outcome. Only you can choose to open your mind, and only you can learn from it. Life will flash by in the blink of an eye. There is no time to waist not truly understanding and appreciating the world we live in. Life is a day-to-day journey and you should live each and every one as if it was your last. So take the time to read that book at least one more time, even if you don’t like so that one day that knowledge you gain can help you later in life. And the next time you seek out something you can’t find, stop looking for what your looking for and it just might appear. .uf60e12f92e676d983ffe3ea5081c53db , .uf60e12f92e676d983ffe3ea5081c53db .postImageUrl , .uf60e12f92e676d983ffe3ea5081c53db .centered-text-area { min-height: 80px; position: relative; } .uf60e12f92e676d983ffe3ea5081c53db , .uf60e12f92e676d983ffe3ea5081c53db:hover , .uf60e12f92e676d983ffe3ea5081c53db:visited , .uf60e12f92e676d983ffe3ea5081c53db:active { border:0!important; } .uf60e12f92e676d983ffe3ea5081c53db .clearfix:after { content: ""; display: table; clear: both; } .uf60e12f92e676d983ffe3ea5081c53db { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uf60e12f92e676d983ffe3ea5081c53db:active , .uf60e12f92e676d983ffe3ea5081c53db:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uf60e12f92e676d983ffe3ea5081c53db .centered-text-area { width: 100%; position: relative ; } .uf60e12f92e676d983ffe3ea5081c53db .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uf60e12f92e676d983ffe3ea5081c53db .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uf60e12f92e676d983ffe3ea5081c53db .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uf60e12f92e676d983ffe3ea5081c53db:hover .ctaButton { background-color: #34495E!important; } .uf60e12f92e676d983ffe3ea5081c53db .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uf60e12f92e676d983ffe3ea5081c53db .uf60e12f92e676d983ffe3ea5081c53db-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uf60e12f92e676d983ffe3ea5081c53db:after { content: ""; display: block; clear: both; } READ: Prevention For Opioid Drug Abuse EssayWorks Cited Birkerts, Sven. The Owl Has Flown. Think Vertically! Southlake: Fountainhead, 2012. 29-36. Print. Dillard, Annie. Seeing. Think Vertically! Southlake: Fountainhead, 2012. 39-55. Print.