edenmaepanong

@edenmaepanong (3)

Age 29

Joined myLot 13 years ago

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edenmaepanong'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

edenmaepanong For me,the changes in the amount of money in the economy greatly affects economic activity.Because the amount of money in the economy in conjunctive with how much money society wants to use the determined the interest rate.

25 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

edenmaepanong Economic growth maybe equated with economic development.Let me define first,ECONOMIC GROWTH is the process by which productivity,living standards and output increases.An increase in the total output of a nation over time.Economic growth is usually measured as...

24 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

edenmaepanong For me,microeconomics comes first because if you take macroeconomics first the class may fly through the basic introductory concepts.If anything,take microeconomics first.The first unit in macro basically sums up all of micro,so having already taken micro help...

20 Sep 12