macawilechristine

@macawilechristine (3)

Philippines • Age 31

Joined myLot 13 years ago

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macawilechristine'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

macawilechristine It is worth nothing that the Fed can only change three things of the changes in the amount of money in the economy,there are the reserve ratio,the discount rate,and open market operation.While these three things tools greatly influence in the changes of the...

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

macawilechristine In my study,between economic growth and economic development are generally taken be synonyms.In economic development ,however they do not have the same connotation .Economic growth means only a sustained increase in the volume of goods and services produced...

19 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

macawilechristine It is not possible to venture into macroeconomics without studying microeconomics because,that microeconomics is a branch of economics where we study the behavior of individual households and firms. Yes,microeconomics is a prerequisite course before studying...

19 Sep 12