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Location: Macroeconomics Unit IV and V - Inflation, Unemployment, and Economic Growth
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| kevinhuang | Is there such thing as too much growth? (page: 1 2) | 30 | Dec 16 2008, 6:33 AM EST by mkaga | ||||
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Thread started: Apr 4 2008, 10:35 AM EDT
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I am quite sure that there is such a thing as too much growth because it can cause many problems in society. For example, recently there has been too much economic growth and as a result, many typical Chinese citizens that live near the poverty line can't afford pork for their families because of rapidly inflating pork prices. Uncontrolled growth in China has also caused huge amounts of industrial pollution that is harmful to the environment. At what point, under what circumstances is a nation having too much economic growth, how can we determine this and what are various ways that governments can use to prevent excessive pollution and damage to the environment while keeping in mind the welfare of the people?
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| TimChu | The long run phillips curve | 8 | Apr 13 2008, 1:27 PM EDT by jinnykwon0314 | ||||
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Thread started: Apr 7 2008, 11:32 AM EDT
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so the other questions in the threads are pretty much answered and i don't have anything much to say so im starting a new one. hooray me. anyways, the Philips curve explains the relationship between unemployment and rate of inflation right? and the long run PC curve is a vertical line. I'm not sure if we went through this in class, but doesn't that mean the inflation rates of our economy are ever increasing? And isn't that bad for the economy? Does this mean that we're pretty much doomed or is there a way to combat this and bring the inflation rate back down? going out on a limb here so dont bash too hard please :D
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| anqxl | Taxes and Incentives to Work | 6 | Apr 12 2008, 10:32 PM EDT by rksung | ||||
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Thread started: Apr 7 2008, 10:08 AM EDT
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According to the textbook, supply-siders focus their attention on marginal tax rates, and lower marginal tax rates make leisure more expensive. Why do you need to pay more for leisure when you have extra dollars?
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