delimacheril

@delimacheril (3)

Philippines • Age 36

Joined myLot 13 years ago

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Responses (3)

delimacheril'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

delimacheril For me, the changes in the amount of money in the economy greatly affects economic activity because a system on stage of economic life in which money replaces barter in the exchange of goods.It decrease the money supply, the result is upward pressure on.In the...

27 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

delimacheril In my opinion,macroeconomics comes first because it is concerned with economic phenomenon which are "big" in the sense that the whole is "big" in relation to its parts and concerned also mostly with the workings of a market economy as a whole.Yes,it is...

18 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

delimacheril for me...i choose economic development because it is quantitative and qualitative changes in the economy.Economic development differs from economic growth.Whereas economic development is a policy intervention endeavor with aims of economic and social and...

18 Sep 12