lieanny25

@lieanny25 (3)

Age 38

Joined myLot 13 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

lieanny25 First, first..Where does money came from? If you ask average people on the street, this question most of them have no idea. This is rather odd because we all money constantly. From what i have learned from my previous Economic subject, money comes from...

26 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

lieanny25 This question was asked to us in class before, we were ask to choose between Economic development or Economic growth, this the time when we were discussing about the GNP and as i recall my answer, i choose economic development, for the reason that our Economy...

18 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

lieanny25 In my opinion it is not possible to venture into Macroeconomics without studying first Microeconomics. and yes, Microeconomics is a prerequisite course before studying Macroeconomics. Microeconomics is like a step one, or ABC in Economics, teaching us the...

13 Sep 12