entinomimz_eksdi_

@entinomimz_eksdi_ (3)

Age 29

Joined myLot 12 years ago

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entinomimz_eksdi_'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

entinomimz_eksdi_ Changes in the amount of money in the economy affects the output, growth, unemployment and inflation, through the changes it makes. If the amount of money decreases then every part of the economy that actually produces money will always be affected, the goods...

26 Sep 12

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1 comment

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

entinomimz_eksdi_ I prefer Economic Development. "One does not simply grow without developing itself first." Economic Development differ from Economic Growth because both of them discusses two different areas in the economy, Economic Development refers to the quantitative and...

23 Sep 12