Economics
Is the U.S. really recovering faster than the EEC and Japan-Asian trading partners?
The economic climate improved for all during the second half of 2003. However, the U.S. recorded a more accelerated upturn during this period that many attribute to extensive tax cuts. Expansion in private consumption has been dramatic and business spending has also increased recently.
Japan's economy grew for a seventh quarter in Q3, 2003 the longest expansionary phase since 1997. Real growth came in at +.6% q/q, double the forecast. The economy expanded by 2.7%. In 2003, driven by exports and private capital investment. However, deflation is set to continue, albeit at a lower pace, and the general government deficit is expected to exceed 7% of GDP for the next two years.
The performance of the Western European economy was weaker. After a prolonged phase of stagnation, signs of a gradual economic recovery became visible in the second half of 2003. Exports increased despite the appreciation of the euro, but internal demand remained weak.
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Keynesian fiscal policy on the U.S. economy, we first need to understand that basics of this macroeconomic model. It is also important to remember that this economic model came at a time when the Great Depression had a grip on the U.S. industry and economy. Economists of the 1930s called for further wage cuts to reduce unemployment and supported higher taxes so people would not "overconsume." John Maynard Keynes's theory
5TH FLEET IN BAHRAIN AND THE U.S. AND EU OIL EMBARGO IN IRAN ROLE OF THE U.S. 5TH FLEET IN BAHRAIN AND THE U.S. AND EU OIL EMBARGO IN IRAN Role of the U.S. 5th fleet" in Bahrain Role of the U.S. 5th fleet" in Bahrain foreign aid to Bahrain, where the U.S. Fifth Fleet is centered, constitutes directly to the U.S. Government's aims to maintain safety in the Persian Gulf. Bahrain is the
Economic Report Card The nature of the economic world is in constant flux and changes, requiring the student of the subject to be aware of the many patterns and tendencies that are contained within any economic or market system. The purpose of this essay is to examine and compare the current economic situation of today to that of five years ago. This essay will explore the monetary and fiscal policies of
This is a pattern that is relatively consistent over a long time period (Clayton & Spletzer, 2006). The only difference in 2005 was that unemployment claims did not rise in the fourth quarter with the drop in jobs, as they had done in the past. It is difficult to draw definitive conclusions as to where these employees went in the fourth quarter of 2005. To do so would be filled
Disrupting America's economic system is a fundamental objective of terrorists Even as the world continues to struggle with the terrible shock from the September 11 attacks in New York and Washington, one principle lesson has already become clear: disrupting our economic system is a fundamental objective of terrorists. Prior to September 11, our economic environment was certainly not immune to terror, in comparison to many other nations; we lived relatively terror-free. Now,
Economics: The State of the U.S. Economy Cousin Edgar, a global investor, is seeking to capitalize on the thriving gasoline industry and the rising world demand for oil by purchasing several gas stations in the U.S. market. Inspiring his interest is the high price of gasoline, which he reckons will rise even higher in the near future, thanks to the urbanization and industrialization currently being witnessed in the developing economies of
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