sonicrex

@sonicrex (3)

Philippines • Age 29

Joined myLot 12 years ago

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Third and Final Macroeconomic Question: Money and the Economy

socballais @socballais (71) • Philippines 25 Sep 12

How do changes in the amount of money in the economy affect output, growth, unemployment and inflation?

49 responses

sonicrex For me the amount of money greatly affect output,growth,unemployment and inflation. An increase in money supply leads to more consumption and spending from the households and more people are willing to purchase. Because of this, there is a greater need to...

1 Oct 12

Economic development or Economic Growth?

socballais @socballais (71) • Philippines 12 Sep 12

Countries around the world benchmark their economic performance by the amount of the Gross National Product (GNP) that they attained. The higher the GNP, the higher is the economic growth. Is economic growth equated with economic...

59 responses

sonicrex For me if one country experience economic growth there is an instance or a chance that it will lead to economic development for that particular country or economy. In my own opinion economic growth is a process or a step to reach economic development....

24 Sep 12

Which comes first Microeconomics or Macroeconomics?

socballais @socballais (71) • Philippines 12 Sep 12

Is it possible to venture into Macroeconomics without studying Microeconomics? Is Microeconomics a prerequisite course before studying Macroeconomics?

60 responses

sonicrex For me,its not possible to deal with macroeconomics without studying microeconomics. Because macro economics is like a big puzzle and you have to solve this puzzle by knowing first what its made of and how it relates to one another so you can get the whole...

17 Sep 12