josenelcanonigo

@josenelcanonigo (3)

Philippines • Age 31

Joined myLot 13 years ago

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josenelcanonigo's Activity

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

josenelcanonigo FOr me' Most economists would agree that in the long run outpot usually measured gross domestic product, any change in the money suppl money cause price to change, but in the short run,because price and wages usually do not adjust immediately changes iin the...

1 Oct 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

josenelcanonigo Economic growth an increase capacity of an economy to produces goods and services ,copared from one period at time yo another. economic growth can be measured to nominal terms, which enclude inflation or an real term,which are adjusted for imflation .for...

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

josenelcanonigo the study of the behaviors an economy at the aggregate level of a sficific subgruop or individual which is called microeconomics for example, a macroecnomist migth consider the industrial sectors ,the services sector or the farm sector but he/she will not...

24 Sep 12