Final review --- economics Assignment Example | Topics and Well Written Essays - 250 words

Final review --- economics - Assignment Example 22. Starting from long-run equilibrium, without policy intervention, the long-run impact of an adverse supply shock is that prices will be permanently higher and output will be restored to the natural rate. 9. In the Keynesian-cross model, if the MPC equals .75, then a $1 billion increase in government spending increases planned expenditures by S.75 billion and increases the equilibrium level of income by more than S. 75 billion Marginal Propensity to Consume (MPC) is an empirical metric that quantifies induced consumption, the concept that the increase in personal consumer spending (consumption) occurs with an increase in disposable income (income after taxes and transfers). The proportion of the disposable income which individuals desire to spend on consumption is known as propensity to consume. MPC is the proportion of additional income that an individual desires to consume. The tax multiplier is the ratio of the change in aggregate production to an autonomous change in government taxes when consumption is the only induced expenditure. Autonomous tax changes trigger the multiplier process and induced consumption provides the cumulatively reinforcing interaction between consumption, aggregate production, factor payments, and income. MPC and MPS have an inverse relationship. Because they add up to 100 percent, as MPS increases, MPC decreases and vice versa. For example, if a company earns an extra $200 per month in income and consumes, or spends, $100 extra per month, $100 per month is saved. The MPS and MPC are both 50 percent. If the business starts to spend $150 per month, only $50 is saved. The MPC increases to 75 percent, while the MPS decreases to 25 percent. 19. According to the theory of liquidity preference, if the supply of real money balances exceeds the demand for real money balances, individuals will purchase interest-earning assets in order to reduce holdings of non-interest-bearing money. 26. An increase in

Free College Admissions Essays: I can fly a kite :: College Admissions Essays

"I can fly a kite" I can fly a kite, make a great roast beef sandwich, read an entire Patricia Cornwell paperback book in less than a day and change a diaper without flinching. These characteristics combined are what separate me from the hundreds of other students that apply to Lynchburg College, that and the fact that I am applying with only one week left before classes start. Writing this college essay seven days before the start of the spring semester at Lynchburg College is a very unusual move for me to be making; but I have come to the conclusion that this is the only place I want to be. My entire life I have never been spontaneous. All my decisions have been well thought out and planned, this decision is no different, I just went about it a little quicker, with a lot less time to spare. I began my freshman year at Roger Williams University in Bristol, Rhode Island. Choosing Roger Williams University was a decision that I made without understanding the important issues I needed to consider in orde r to thrive in a college environment. Now, after experiencing college for myself, I realize that Roger Williams does not have what I am looking for. I didn't consider quality of education when I chose Roger Williams, the school had the major I wanted, communications, but when I started taking classes there the program was not as developed as I would have liked. Although I did well in all my classes, I felt that the education I would continue to receive if I stayed at Roger Williams would not be as beneficial to me as the educational oppurtunites elsewhere. Looking at Lynchburg I saw that not only was there Communications Print/Broadcast journalism major, but a Speech Communications major as well. My original plan was to finish freshman year at Roger Williams, and then go someplace that could meet my needs; this was until I visited Lynchburg College. When I saw the college, all I could think of was how much I would love to attend school there, but I never even considered it an option . I thought I was stuck at Roger Williams, until I realized that the only way I was going to be happy was if I made things happen for myself. I realized that Lynchburg College was exactly what I had been looking for, and everything about the educational opportunities, social opportunities, location and just the general environment I observed was something I wanted to be a part of, and contribute to.

Non-Accounting Majors

Various accounting principles plays vital role in the success of efficient management of inventories of any companies. Inventories are important aspect of the company since it is the one the determines the available raw materials for the production of the organization, or it could be that it determine the available stocks of the company on their warehouses to be distributed to the market (Robertson, 1998). So much with the importance of inventory management, let us now pay more attention on the importance of accounting to inventory management. Well, the idea of check and balance of accounting could be used by managers assigned in inventory management. Inventories must be checked every now and then depending on the need of the company, the demand and supplies of raw materials must be on balance in order not to affect the operation of the business. Moreover, inventory managers having knowledge in accounting would enables them to determine the allowable level of ending inventories by the end of every period so as to make the financial condition as well as the assets to be stable. There are also times that there are inventories that are non-taxable, therefore, the inventory manager must know how to present those non-taxable inventories to the accountant of the company. The inventory manager should know this kind of principles in order not for the company to pay too much tax and for the smooth flow of data transfer from one department to another since the inventory manager has to identify first those non-taxable inventories before presenting the report to the accounting division. With this, even simply knowledge in accounting would give companies chances of working things smoothly. I am not saying that inventory managers have to acquire accounting studies as well. But the mere basic principles of accounting would be just enough for us to perform our responsibilities well and to avoid committing mistakes as to the proper ways of presenting the needed data of various departments of the organization. REFERENCE Robertson, L. (1998). Managing Inventory [Electronic Version], 1. Retrieved 9-20-07 from http://www.asashop.org/autoinc/july98/mech.htm. Â   Â  

Whats a Craftsman All You Need to Know From Stickley