christinemacaray

@christinemacaray (3)

Philippines • Age 31

Joined myLot 13 years ago

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Responses (3)

christinemacaray's Responses

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

christinemacaray we know that money is any article or substance used as a medium of exchange, measure of wealth, or means of payment, as checks on demand deposit or cowrie. through money we can consume things whatever we want, money is also used as an capital and etc. in...

30 Sep 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

christinemacaray for me, i prefer economic development because the concern of this is the policymaker and communities that promote the standard of living and economic health of a specific area. to avail a perfect economic growth you must consider first the health of every...

30 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

christinemacaray based on my study, microeconomics concentrates on the "ups" and "downs" of the markets for services and goods, and how the price affects the growth of these markets. An important aspect of this economy,is also to examine market failure. In our present...

17 Sep 12