What are the consequences for the economy

Reference no: EM13222139

The Economics in Practice describes the increase in food prices around the world in 2008. Since food, in large measure, affects the real income of households, increasing prices will eventually push up wages and have an impact on the aggregate supply curve. Central banks were very worried about the prospects for inflation becoming generalized. To stop inflation, what would the Fed be likely to do? What are the consequences for the economy? Specifically, what would be the effects on employment and unemployment given the actions taken by the Fed? Respond to at least two of your classmates' postings.

Reference no: EM13222139

Questions Cloud

How do ethics and social responsibility influence : How do ethics and social responsibility influence human behavior in organizations?

What do you think are the most important motivational needs : What do you think are the most important motivational needs for the majority of people? Do you think your needs differ from those of most people?

What criteria did you use to determine the optimal level : The following table contains information about the revenues and costs for Barry's Baseball Manufacturing. All data are per hour. Complete the first group of columns which correspond to Barry's production if P=$3. (TR=total revenue, TC=total cost, ..

What is market based salary increase budget recommendation : your pay policy is to match the market at the middle of the plan year. what is the market based salary increase budget recommendation?

What are the consequences for the economy : The Economics in Practice describes the increase in food prices around the world in 2008. Since food, in large measure, affects the real income of households, increasing prices will eventually push up wages and have an impact on the aggregate supp..

What makes good training : What makes good training? Discuss what makes good training in a practical setting? se your own experiences and/or experiences you want to have in the future.

How can you balance these risks and rewards : What are the risks and rewards of changing from a current supplier to a new supplier ? How can you balance these risks and rewards?

Which one of these is generally the most important : List the strategic objectives of aggregate planning. Which one of these is most often addressed by the quantitative techniques of aggregate planning? Which one of these is generally the most important?

What about transfer payments made by the gov to the poor : If the gov spends $10 million giving subsidies to certain types of companies, is that money added to the category of G. What about if the gov gives a grant to a company. What about transfer payments made by the gov to the poor.

User Account

All Pages