Week 3, Learning Team - Aggregate Demand and Supply Models...

An Economic Critique of Aggregate Demand and Supply Models An Economic Critique of Aggregate Demand and Supply Models The recent fall of the United States economy has created a society of fear, insecurity, and doubtful investors, retirees, and consumers world-wide. Economists from around the world have come together to solve world-wide economic issues and bring stability back to businesses, households, and the government. Economics teaches you how to approach problems; it does not provide what is right or what is wrong, nor does it provide you with a definitive answer. Consistent evaluation of economic factors like unemployment, economic expectations, consumer income, and interest rates, can prove to be highly effective.†¦show more content†¦The effects of inflation, government regulation and taxes can all play an important part in developing classical economic theories. Classical economists also take into account the effects of other current policies and how new economic theory will improve or distort the free market environment (D ifferences Between Classical amp; Keynesian Economics, 2013). Consumer Income As of June 2013, median household incomes were up $598 month-over-month and $960 year-over-year. According to U.S. Department of Commerce (2013), â€Å"wages and salaries, the largest component of personal income, increased 0.5 percent in June after increasing 0.3 percent in May.† Personal expenditure is the vast element to aggregate demand. It is set on a household’s disposable income. There will be a shift to the left on aggregate demand if consumers buy more output at the price level. The current fiscal policy in place as it relates to consumer income states that the government can increase or decrease taxes on household income. An increase in taxes means a decrease in disposable income, because it will take money out of households. The opposite holds true if there is a decrease in taxes, because it will leave households with more money. Disposable income accounts for two-thirds of total demand. Economist had forecast a 0.1% rise, but reports show tha t spending fell 0.2% in May 2013 when adjusted for inflation. It is suggested that consumers pulled back from spending due toShow MoreRelatedeco3721430 Words   |  6 PagesWorkshop 3 = February 13, 2014 Workshop 4 = February 20, 2014 Workshop 5 = February 27, 2014 Instructor contact information: Jack Abbott Cell phone, 714-337-6092 Email, jbabbott@cox.net Course Description This course provides students with the basic theories, concepts, terminology, and uses of macroeconomics. Students learn practical applications for macroeconomics in their personal and professional lives through assimilation of fundamental concepts and analysis of actual economic eventsRead MoreBus515 Week 3 Assignment 1 Bus 515 Week 3 Assignment 14970 Words   |  20 PagesBUS 515 BUS515 Complete Course Click below link for Answer Visit www.workbank247.com http://workbank247.com/q/bus-515-complete-course/2105 http://workbank247.com/q/bus-515-complete-course/2105 BUS515 week 1 Discussion 1 Understanding OM Please respond to the following: Compare and contrast an existing organization’s three major functions (i.e., finance, marketing, and operations), and then justify the interdependence that operations have to finance and marketing. Provide examples to supportRead MoreMarketing Literature Review11908 Words   |  48 Pagesdatabase or about obtaining photocopies of the articles abstracted here, please call (800) 626-2823 or write to UMI, 300 N. Zeeb Rd., Ann Arbor, MI 48106. SUBJECT HEADINGS 1. THE 1.1 1.2 1.3 MARKETING ENVIRONMENT Consumer Behavior Legal, Political, and Economic Issues Ethics and Social Responsibility MYRON LEONARD, Editor Western Carolina University 1. THE MARKETING ENVIRONMENT 1.1 Consumer Behavior See also 28, 60, 61, 62, 86, 89, 99, 103, 111, 112, 116, 120, 123, 125, 126, 151, 158, 163, 164, 171Read MoreSelected Topics24764 Words   |  100 Pages | |EASTERN MEDITERRANEAN UNIVERSITY | |Faculty of Business and Economics | |Department of Business Administration Read MoreStrategy Safari by Mintzberg71628 Words   |  287 PagesManagement Beast 2 The Design School Strategy Formation as a Process of Conception 3 The Planning School Strategy Formation as a Formal Process 4 The Positioning School Strategy Formation as an Analytical Process ix 1 23 47 81 5 The Entrepreneurial School Strategy Formation as a Visionary Process 123 6 The Cognitive School Strategy Formation as a Mental Process 149 7 The Learning School Strategy Formation as an Emergent Process 175 8 The Power School StrategyRead MoreStrategic Human Resource Management View.Pdf Uploaded Successfully133347 Words   |  534 Pagesor by any information storage or retrieval system, must be arranged with the individual copyright holders noted. This special edition published in cooperation with Pearson Custom Publishing. Printed in the United States of America 10 9 8 7 6 5 4 3 2 1 Please visit our web site at www.pearsoncustom.com ISBN 0–536–72690–6 BA 996748 PEARSON CUSTOM PUBLISHING 75 Arlington Street, Suite 300 Boston, MA 02116 A Pearson Education Company iii iv Table of Contents SECTION ONE ..........Read MoreContemporary Issues in Management Accounting211377 Words   |  846 PagesChippenham, Wiltshire ISBN 0–19–928335–4 978–0–19–928335–4 ISBN 0–19–928336–2 (Pbk.) 978–0–19–928336–1 (Pbk.) 1 3 5 7 9 10 8 6 4 2 3 FOREWORD ‘ Michael Bromwich is an exemplar of all that is good about the British tradition of academic accounting. Serious in intent, he has striven both to illuminate practice and to provide ways of improving it. Although always appealing to his economic understandings, he has been open to a wide variety of other ideas, recognizing their intellectual strengthsRead MoreCorporate Finance69408 Words   |  278 PagesCorporate finance P. Frantz, R. Payne, J. Favilukis FN3092, 2790092 2011 Undergraduate study in Economics, Management, Finance and the Social Sciences This subject guide is for a Level 3 course (also known as a ‘300 course’) offered as part of the University of London International Programmes in Economics, Management, Finance and the Social Sciences. This is equivalent to Level 6 within the Framework for Higher Education Qualifications in England, Wales and Northern Ireland (FHEQ). For moreRead MoreData, Analytics, and Competitive Advantage14733 Words   |  59 Pages10.1 Introduction Learning Objectives 1. Understand how increasingly standardized data, access to third-party data sets, cheap, fast computing and easier-to-use software are collectively enabling a new age of decision making. 2. Be familiar with some of the enterprises that have benefited from data-driven, fact-based decision making. The planet is awash in data. Cash registers ring up transactions worldwide. Web browsers leave a trail of cookie crumbs nearly everywhere they go. And with radioRead MoreTechnology in Hotel Industry14045 Words   |  57 PagesCOMMUNICATION IN Ramp;D COLLABORATION Author : HEIDI OLANDER, PIA HURMELINNA-LAUKKANEN Source : International Journal of Innovation Management. Jun2010, Vol. 14 issue 3, p415-433, 19p, 1 diagram, 4 images. Abstract : Prior research has shown that the level of communication has an on the learning outcomes in Ramp;D alliances and, subsequently, on performance. The level of communication depends on issues such as the systems that enhance knowledge sharing and the factors that

Comparing Shakespeares Othello with Conrads Heart of...

Comparing Shakespeare’s Othello with Conrad’s Heart of Darkness It is often that when we read great works of literature we come across similar themes. Authors use powerful ideas that they believe will move their readers and relate to them so they become engaged in the words written. William Shakespeare and Joseph Conrad were amazing writers of their times and even though their works were written almost 300 years apart, both, Othello and Heart of Darkness, have coinciding themes. The major theme that both Shakespeare and Conrad tackled was racism and the concept of whites versus blacks. The play Othello tells the story of a black general by the name of Othello and the betrayal, lies, and deception that comes about when marrying a†¦show more content†¦He uses derogatory and offensive remarks that devalue people of color and make them out to be savages. Chinua Achebe, a well-known writer, talked about Joseph Conrads Heart of Darkness, entitled An Image of Africa: Racism in Conrads Heart of Darkness. Throughout his essay, Achebe notes how Conrad set Africa up as a foil to Europe,(Achebe) while he also projects the image of Africa as â€Å"the other world†. Africa is said to be a â€Å"prehistoric† world. Conrad described this land as non-advanced and inferior to the western countries. Another theme that was portrayed by both Othello and Heart of Darkness was that of good versus evil. What was ironic about this theme was that it was somewhat opposite and strange for the time period they were both written in. In both works it seemed as if blacks were seen as the good and innocent while the whites were seen on the evil side. African heritage is usually portrayed in a negative light and it was not the case in these pieces. Othello was looked as somewhat of a black hero and Iago was considered the white nemesis. Iago’s deceitful ways brings light to Othello’s true character, a great general and man. Conrad shows the Africans as innocent victims to the white man’s’ chaos. The white men, even though they are shown more powerful, are the ones seen in the dark. Racism and good versus evil come down to the idea of the white man versus the black man. These ideas have been in and out of

Psychology 300 Final Exam Free Essays

Final Exam 1 PSY/300 Final Exam: PSY/300 (Weeks 1-5) Multiple Choice1. Erik Erikson argues that an understanding of an individual’s behavior requires consideration of: A) Biological events B) Psychological experience C) Cultural and historical context D) all of the above 2. The aim of biopsychology (also referred to as behavioral neuroscience) is to: A) Link soma and somette in order to understand how emotions manifest themselves behaviorally B) Investigate the physical basis of psychological phenomena such as motivation, emotion, and stress C) Understand the complex interactions of the nervous system D) Study how thoughts and feelings influence an individual’s biological reactions 3. We will write a custom essay sample on Psychology 300 Final Exam or any similar topic only for you Order Now The first laboratory in Psychology was founded in Leipzig, Germany, in 1879 by: A) Sigmund Freud B) Wilhelm Wundt C) William James D) Rene Descartes 4. The approach to psychology which involved devising a method for uncovering the basic elements of consciousness and the way they combine with each other into ideas was known as A) Structuralism B) Behaviorialism Final Exam 2 PSY/300 C) Functionalism D) Elementarism 5. Which field of psychology argues that one’s perception of the pieces will be influenced when seeing them as parts of the whole? A) Evolutionary B) Perceptual C) Empirical D) Gestalt 6. A hypothesis is best characterized as: A) A procedure that precedes a theoretical framework B) Any phenomenon that can change from one situation to another C) A systematic way of organizing and explaining observations D) A tentative belief about the relationship between two or more variables 7. To ensure that I am a good researcher, I gave the same questionnaire to the same participants at three different points in time. I hope to get ssentially the same answers. If I do, then I can conclude that my experiment has: A) Internal validity B) External validity C) Inter-rater reliability D) test-retest reliability 8. When it comes to the ethics of animal research, which one of the following is NOT an issue? A) Some animals are cuter than others B) Whether animals have rights Final Exam 3 PSY/300 C) To what extent humans can use other creatures to solve human problems D) That animals cannot give informed consent 9. Information is sent to the brain via the sensory or _____ neurons. A) Afferent B) Motor C) Transient D) Inter 10. Axons are responsible for A) Receiving information from other cells B) Transmitting information to other neurons C) Increasing the transmission speed of messages D) Determining how that particular neuron will manipulate input 11. There are two types of neurotransmitters. They are: A) Inhibitory and synaptic B) Modulating and excitatory C) Inhibitory and excitatory D) Modulating and synaptic 12. The part of the cerebral cortex that is involved in the sense of touch and feeling one’s own body in space is the: A) Parietal lobe B) Occipital lobe C) Temporal lobe D) Frontal lobe Final Exam 4 PSY/300 13. Which of the following is NOT a basic principle of sensation and perception? A) Sensation and perception require strong enough impulses to surpass minimal thresholds B) Sensation and perception are active processes C) There is no one-to-one correspondence between physical and psychological reality D) Sensation and perception are adaptive 4. What kind of learning can be achieved through classical conditioning? A) Learning that an event occurred B) Learning that people have certain patterns of behavior C) Learning that two events are related D) Learning that a behavior produces a particular result 15. As you drive down the street, a leaf hits your windshield. You know that it is not going to break the windshield and yet you blink anyway. In classical conditioning, blinking t o an object that is about to hit you in the face is a/an: A) CS B) CR C) UCS D) UCR 16. You recently noticed that eating sour candy causes extra salivation as your body reacts to the sour taste. You love sour candy and eat it often. The other day you purchased a new bag of sour candy and as you were looking at the bag, you noticed that you were salivating. The sour candy is a: A) CS B) CR C) UCS Final Exam 5 PSY/300 D) UCR 17. The purpose of Watson’s experiment involving little Albert was to determine if: A) Infants are innately capable of learning fear B) Phobias do exist C) Babies are just as susceptible as adults to fears D) Emotional responses can be learned 8. An important distinction between operant and classical conditioning is that: A) Classical conditioning can be used to extinguish an undesirable response while operant conditioning tends to be incapable of doing so B) In classical conditioning responses are elicited while in operant conditioning they are emitted C) Classical conditioning works best with mammals and operant conditioning works best with b irds and rodents D) Classical conditioning requires an experimenter and operant conditioning does not 9. The theory of motivation that states that people are motivated by wishes and fears is A) The cognitive approach B) The psychodynamic approach C) The biological approach D) None of the above 20. ERG theory condenses Maslow’s hierarchy of needs into three distinct levels: A) Elementary, reproductive and goal realization B) Elementary, relatedness, and growth C) Existence, relatedness, and growth D) Existence, reproductive, and goal realization Final Exam 6 PSY/300 21. The part of the brain that is responsible for registering the emotional significance of objects is the A) Hypothalamus B) Limbic system C) Cortex D) Amygdala 22. Which one of the following describes a person who is fixated in the latent stage? A) person with problems committing to a relationship B) Person who is uninterested in sex C) A smoker D) Person over 40 who has never moved out of their parents’ home 23. Which of the following refers to setting goals, evaluating performance, and adjusting behavior to achieve these goals in the context of ongoing feedback? A) goal-establishment B) outcome-management C) potential-realization D) Self-regulation 24. Which of the following factors in the Five Factor Model is believed to be the least heritable? A) Agreeableness B) Neuroticism C) Extraversion D) Openness Final Exam 7 PSY/300 25. The very last developmental crisis adult’s face, according to Erikson at least, is: A) Intimacy versus isolation B) Integrity versus despair C) Generativity versus stagnation D) Acceptance versus despondence 26. Piaget argued all of the following EXCEPT: A) Children’s thought processes are creative but constrained by physical realities and brain development B) Children experience the same stages in the same order C) Children are motivated to make sense of what they experience, integrating what they know D) Cognitive efficiency is influenced by children’s knowledge base 27. According to the psychodynamic viewpoint on moral development, children initially are relatively: A) Evil B) Narcissistic C) good D) Saintly 8. When determining a diagnosis for treating mental disorders, the different axes refer to: A) The symptoms, personality disturbances, medical conditions, and environmental stressors B) The severity of the disorder and the extent to which it will interfere with daily life C) The domain of life which will be most disrupted by the disorder, such as work, school, or relationships D) The types of emotional, physical, or social disruption that can be expected from a particula r disorder Final Exam 8 PSY/300 29. Which of the following is an umbrella term for a number of psychotic disorders that involve disturbances in nearly every dimension of human physiology, including thought, perception, behavior, language, communication, and emotion? A) Schizophrenia B) Personality disorder C) Mood disorder D) Dissociative disorder 30. Which personality disorder is marked by extremely unstable interpersonal relationships, dramatic mood swings, an unstable sense of identity, intense fears of separation and abandonment, manipulativeness, and impulsive behavior? A) Narcissistic B) Antisocial C) Borderline D) Histrionic 31. Systematic desensitization is based on the idea that A) Relaxation training can aid people with schizophrenia B) Physical contact with other people is essential for contact comfort C) Through early experiences people learn to fear social interactions D) Through classical conditioning people have associated fear with previously neutral stimuli 32. Antipsychotic medications reduce symptoms such as delusions and hallucinations by _____ activity within the brain. A) Increasing epinephrine B) Inhibiting serotonin C) Inhibiting dopamine Final Exam 9 PSY/300 D) Increasing glutamate 33. The goal of antidepressant medications such as SSRIs is to: A) Keep serotonin acting longer in the synapses of the brain? B) Keep people from making irrational associations between ideas C) Reduce body weight and make people feel better about them D) Reduce anxiety that leads to depression 34. Characteristics that are attributed to people based on their membership in a specific group, and that are often over-generalized, inaccurate, and resistant to new information are called: A) Prejudices B) Biases C) Stereotypes D) Discrimination 5. Cognitive bias in social cognition is thought to be the result of: A) Heuristics that can lead people awry B) Schemas and attributions being influenced by wishes, needs, and desires C) People frequently lacking the time to make accurate attributions D) all of the above 36. The relationship between personality and self-schemas can be seen in a number of ways. Which one of the following is NOT true of that relationship? A) People who feel disappointment, dissatisfaction, shame, and embarrassment have a discrepancy between actual and ideal selves B) People who feel anxiety, fear, resentment, guilt, self-contempt, or uneasiness have a discrepancy between actual and ought selves C) People who experience feelings of failure, social rejection, isolation, and a lack of Final Exam 10 PSY/300 accomplishment have a discrepancy between ideal and ought selves D) All of the above are true of the relationship between personality and self-schemas 37. Companionate love involves: A) Wild emotions, intense physiological arousal, and absorption in another person B) Deep affection, friendship, and emotional intimacy C) Acquaintance cordiality, friendship, and societal responsibility D) Selflessness, altruism, and reciprocal giving 38. Behaving in a way that helps another person with no apparent gain, or with potential cost, to oneself is known as: A) Selfless gratification B) Ego protection C) Ethical hedonism D) Altruism 39. Which of the following is a drawback of antianxiety medications? A) They can cause physiological dependence. B) There is a high relapse rate when the drugs are discontinued. C) They can cause psychological dependence. D) All of the above. 40. The three broad classes of psychopathology distinguished by psychodynamic theorists are: A) anxiety disorders, personality disorders, somatoform disorders B) organic disorders, developmental disorders, experiential disorders C) cognitive dysfunctions, behavioral abnormalities, interpersonal maladies D) personality disorders, neuroses, psychoses Final Exam 11 PSY/300 How to cite Psychology 300 Final Exam, Essay examples