Macro Economics Politicians and Macro Economics In America, the duty of running the economy belongs to members of congress. Some decisions they make concerning the economy shoe they have vast knowledge of macroeconomics. Although, some of the members of congress are lawmakers and hardly understand the role they need to play for the economy. Macroeconomics involves studying and decision making of the whole economy and contributors of the economy within the country

Macroeconomics Factors that lead to Growth There are several factors that lead to economic growth. They are physical capital, human capital, natural capital and technological change. Physical capital refers to the infrastructure that a nation has, for example transportation and communication infrastructure, and manufacturing capacity. Human capital refers to the number of people, and their skill level. Natural capital reflects natural resources that can be exploited. Technological change reflects the increases in

Government Subsidized Student Loans Have Economic Costs but Political Benefits Higher education has become increasingly important in the contemporary world scenario today where globalization has led to a higher need for a skilled labor force that is mobile and that is well-versed in the academic disciplines followed all over the world. In fact university education is starting to be seen as a hallmark for success, even though there are college drop

If consumer demand falters, that will have two other multiplier effects. The first is that businesses will reduce their investment. Businesses typically invest when they feel that demand is rising. Increased unemployment, combined with lower levels of government and business spending, will instead cause aggregate demand to fall. If business investment falls, that will have further impacts on unemployment. This will create a negative feedback loop -- a multiplier effect

Full creativity allows the production of greater wealth, for a stronger and more evolved society. Further in defense of the moral systems or perceived lack thereof in terms of newly created wealth, D'Souza asserts that most wealth currently created is the result of personal effort, rather than means such as inheritance. The wealth can then indeed be seen as the reward for effort, rather than wealth as a result of

Keynes's policy ideas so difficult to accept in the 1930s? This is a paper that analyzes the above questions and answers it by identifying the factors that were responsible for the rejection of Keynes ideas during the 1930s. It has 12 sources. It is quite usual that people do not readily accept changes in their lives easily. A change in routine and economic patterns would certainly disrupt people's lives, which they