Aggregate supply Essay Example

Aggregate supply Essay Example Aggregate supply Essay Aggregate supply Essay Aggregate supply Aggregate supply curve showing the three ranges: Keynesian, Intermediate, and Classical. In economics, aggregate supply is the total supply of goods and services that firms in a national economy plan on selling during a specific time period. It is the total amount of goods and services that firms are willing to sell at a given price level in an economy. Analysis There are two main reasons why Qs might rise as P rises, i. e. , why the AS curve is upward sloping: Aggregate supply is usually inadequate to supply ample opportunity. Usually this is fixed capital equipment. The AS curve is drawn given ome nominal variable, such as the nominal wage rate. In the short run, the nominal wage rate is taken as fixed. Thus, rising P implies higher profits that Justify expansion of output. In the neoclassical long run, on the other hand, the nominal wage rate varies with economic conditions. (High unemployment leads to falling nominal wages and vice-versa. ) An alternative model starts with the notion that any economy involves a large number of heterogeneous types of inputs, including both fixed capital equipment and labor. Both main types of inputs can be unemployed. The upward-sloping AS urve arises because (1) some nominal input prices are fixed in the short run (as in the neoclassical theory) and (2) as output rises, more and more production processes encounter bottlenecks. At low levels of demand, there are large numbers of production processes that do not use their fixed capital equipment fully. Thus, production can be increased without much in the way of diminishing returns and the average price level need not raise much (if at all) to Justify increased production. The AS curve is flat. On the other hand, when demand is high, few production processes have unemployed fixed inputs. Thus, bottlenecks are general. Any increase in demand and production induces increases in prices. Thus, the AS curve is steep or vertical. AS is targeted by government supply side policies which are meant to increase productivity efficiency and national output. For example, education and training and research and development. Is Denatlon good or Dao Tor tne economy? In economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate). This should not be confused with disinflation, a slow-down in the inflation rate (i. when inflation declines to lower levels). Inflation reduces the real value of money over time; conversely, deflation increases the real value of money the currency of a national or regional economy. This allows one to buy more goods with the same amount of money over time. Deflation messes up the economy and causes recessions. When there is deflation the effective int erest rates are high, and only highly profitable investments are better than Just holding your money. This reduces the total investment spending and the demand for goods and services and slow growth in productivity.

Do you remember your 2014 New Year’s resolutions

Do you remember your 2014 New Year’s resolutions I honestly had forgotten all but two of mine, and only looked at them today because I knew it was time to write my New Year’s â€Å"Ressaylutions† update. In January I promised to report both my wins and my fails for the year in August. Oops. It’s September. That’s my first fail. I completely forgot about my promise to do an August update! I’m a couple of weeks late, but I’m keeping honest – even though I feel a bit scared to do so since I am not on track to meet some of my goals. My invitation to you is to do an honest assessment of where you are in achieving your New Year’s goals. The first step is to remember what they were! Then evaluate your progress. 2014 â€Å"Ressaylutions† and Current Status: Increase college essay / personal statement portion of my business to 25% of business. I took action on this goal but have not reached the goal (so far this year I’m at 5%; projected 10% by end of year). Actions taken: Gave interviews for an article in the Catholic Herald and another one in The Educated Mom blog. Advertised a summer program for rising high school seniors to work on college essays, but received no inquiries. Will be speaking at the NRWA Conference this week about how to write a standout college essay. I’m letting more resume writers know about my services so they know they can refer clients to me if they do not do personal statement coaching themselves. Roll out a new â€Å"responsive† (mobile-friendly) website. This project has been delayed numerous times despite starting work on a new website in December 2013. I just transitioned to a new company and I’m hoping to have a new website by the end of the year! Choose a CRM and project management system. I decided to implement Infusionsoft and I am working with an Infusionsoft expert to do it. We are plugging away and the plan is to launch the new website and the Infusionsoft functionality all at the same time. I look forward to having things run seamlessly by Q1 2015! Serve 250 clients. Last year The Essay Expert worked with 200 clients to find new jobs, get into school, and achieve business results. Total clients this year is 119. I am not on track to reach my goal. I will be looking at my lead generations strategies and expect that my new website and Infusionsoft implementation will support The Essay Expert’s expansion to a wider client base. Generate 214 success stories. I have not met this goal (we’re at 45) and will need to step up my follow-up efforts with clients to increase this number! As you can see, I am likely not going to fulfill all my Ressaylutions for 2014. However I can still use them to motivate myself to action – and I will! When I make my 2015 resolutions, I will be taking a hard look at both my successes and failures from 2014, as well as my priorities for the coming year. I hope you will too. What were your New Year’s Resolutions and have you held yourself accountable? Please share! Category:Life and LeadershipBy Brenda BernsteinSeptember 15, 2014