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Now, I'm not one to usually do this, but I could use some help on my homework. The stuff is due tomorrow so I would be super grateful.
Now the first homework i need help with is Theory of Knowledge. I am supposed to:
Choose one social science and research contemporary areas of research and criticism in it's methodology/results.
I chose Psychology. Any ideas/advice?
The second homework I need help with is economics. I am supposed to:
1) Define:
Slowing Economic Growth
Budget Deficit
With a precise definition and appropriate example.
Quote:I said:
1) Slowing economic growth is when the rate at which the total output of goods and services increases decreases. One example of this is the Chinese government slowing down growth in order to avoid inflation. An economic slowdown can be caused by a decrease in the level of aggregate demand by decreasing government expenditure and increasing interest rates, for example, or by a decrease in the level of supply (thus making it less productive) by increasing tax rates, increasing benefits, or putting less funding into education and training, for example.
A budget deficit is when government spending exceeds government revenues. This action is usually done in order to boost the level of aggregate demand. The United States, for example, has tended to run a budget deficit, with the currect deficit running at almost 8 trillion US dollars.
2) Explain, with the help of an AD/AD diagram, the impact on the macro economy if the government decided to widen the budget deficit.
3) Explain, with the help of an AD/AD diagram, the impact on the macro economy of a global slowdown in economic growth.
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Posted: 2005-05-03 19:34:03
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Sorry i can't help you!
What year are you in?
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Posted: 2005-05-03 21:20:56
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year 12, this stuff is easy tho, but you know, im a lazy bastardand i need an A to get on honor (im in a boarding school so that gives you extra privledges)
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Posted: 2005-05-03 22:15:52
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