Ten Principles of Economics
Автор работы: Пользователь скрыл имя, 27 Января 2011 в 11:21, реферат
Описание работы
There is no mystery about what an economy is. Whether we are talking about the economy of Los Angeles, the United States, or the whole world, an economy is just a group of people dealing with one another. Because the behavior of an economy reflects the behavior of the individuals who make up the economy, we begin our study of economics with four principles of individual decision-making.
Файлы: 1 файл
Principles of Economics-25K.doc
— 67.50 Кб (Скачать файл)ustify">Policymakers
can exploit the short-run trade-off between inflation and unemployment
using various policy instruments. By changing the amount that the government
spends, the amount it taxes, and the amount of money it prints, policymakers
can influence the overall demand for goods and services. Changes in
demand in turn influence the combination of inflation and unemployment
that the economy experiences in the short-run. Because these instruments
of economic policy are potentially so powerful, how policymakers should
use these instruments to control the economy, if at all, is a subject
of continuing debate.