KimberlyPalamos

@KimberlyPalamos (3)

Age 30

Joined myLot 12 years ago

Discussions (0)

KimberlyPalamos's Responses

Third and Final Macroeconomic Question: Money and the Economy

socballais @socballais (71) • Philippines 25 Sep 12

How do changes in the amount of money in the economy affect output, growth, unemployment and inflation?

49 responses

KimberlyPalamos If the amount of money in the economy changes or increases, of course it will result to a higher inflation and the growth and output of our economy will also increase while the unemployment will decreased. This is because money is the first important need of...

30 Sep 12

Economic development or Economic Growth?

socballais @socballais (71) • Philippines 12 Sep 12

Countries around the world benchmark their economic performance by the amount of the Gross National Product (GNP) that they attained. The higher the GNP, the higher is the economic growth. Is economic growth equated with economic...

59 responses

KimberlyPalamos For me, Economic Growth and Economic Development goes hand in hand. If our economy will not grow, then the development also of our economy will not be fully develop or successful.Let's first define them both,Economic growth is the steady process by which the...

18 Sep 12

Which comes first Microeconomics or Macroeconomics?

socballais @socballais (71) • Philippines 12 Sep 12

Is it possible to venture into Macroeconomics without studying Microeconomics? Is Microeconomics a prerequisite course before studying Macroeconomics?

60 responses

KimberlyPalamos all of us know that microeconomics is the study of the behavior of small economic units, such as that of individual consumers or households. While macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making...

15 Sep 12

•

1 comment