Tài liệu Ten Principles of Economics - Part 55 docx

... behavior of people who want to save (the sup- pliers of loanable funds) and the behavior of people who want to invest (the de- manders of loanable funds). We can now use this analysis of the market ... their sav- ings. Financial economists, however, are often skeptical of this second argument. With thousands of money managers paying close attention to each company’s prospects, t...

Ngày tải lên: 15/12/2013, 11:15

... elastic) Quantity of Apartments 0 Supply Controlled rent Shortage Rental Price of Apartment 0 Rental Price of Apartment Quantity of Apartments Demand Supply Controlled rent Shortage Demand Figure 6-3 R ENT C ONTROL ... total price of an apartment (in- cluding the bribe) closer to the equilibrium price. To understand fully the effects of rent control, we have to remember one of...

Ngày tải lên: 15/12/2013, 11:15

... follow a buy-and-hold strat- egy: They buy the stock of well-run companies, hold it for long periods of time, and do not respond to the daily fluctu- ations reported in the paper. Name of company Symbol ... Intel stock is a part owner of Intel; the owner of an Intel bond is a creditor of the corporation. If Intel is very profitable, the stockholders en- joy the benefits of the...

Ngày tải lên: 15/12/2013, 11:15

... States would not tolerate the “flooding of our markets” with low-cost goods from Asia and Rus- sia, particularly steel, that are threaten- ing the jobs of American workers. The President’s statement ... NATIONAL-SECURITY ARGUMENT When an industry is threatened with competition from other countries, opponents of free trade often argue that the industry is vital for national security. In...

Ngày tải lên: 24/12/2013, 17:15

... of October to 6.6 percent at the end of the month. In part because of the Fed’s quick action, the economy avoided a reces- sion. While the Fed keeps an eye on the stock market, stock-market participants also ... downward- sloping aggregate-demand curve. The theory also sheds light, however, on some of the other events that alter the quantity of goods and services demanded. When- e...

Ngày tải lên: 24/12/2013, 17:15

... groups of equal size, called quintiles. The second column of the table shows the average income of each group. The poorest one-fifth of fam- ilies had average income of $9,880; the richest one-fifth ... policymakers gener- ally contend that the real fault lies with Congress and its frequent, often well- intentioned tinkering with the law. The resulting complexity is taking an ever-...

Ngày tải lên: 21/01/2014, 23:20

... CURVE We have been discussing the behavior of competitive profit-maximizing firms. You may recall from Chapter 1 that one of the Ten Principles of Economics is that rational people think at the ... by competition, the outcome in a market with a monopoly is often not in the best interest of society. One of the Ten Principles of Economics in Chapter 1 is that governments...

Ngày tải lên: 21/01/2014, 23:20

... universities’ envi- able cartel position has been damaged by the unenlightened Justice Depart- ment, which argued that the price-setting meetings were a violation of antitrust laws. Since most of the universities ... claim of this otherwise worthy contestant for the first annual prize. Officials of Ivy League universities have been able to meet in semi-public fo- rums to set rules tha...

Ngày tải lên: 21/01/2014, 23:20

... ideas of many of the best economists of the twentieth century: from the Phillips curve of Phillips, Samuel- son, and Solow, to the natural-rate hypothesis of Friedman and Phelps, to the rational-expectations ... economics profession offered two conflicting pre- dictions. One group of economists offered estimates of the sacrifice ratio and con- cluded that reducing inflation wo...

Ngày tải lên: 21/01/2014, 23:20