Fiscal Policy And Its Effects On Economic Growth - 1260 Words

Fiscal policy is a tool that is used by the government to correct fluctuations in the economy. Fiscal policy involves the government manipulating the level of government expenditure and/or rates of taxes to affect the level of aggregate demand (Sloman and Sutcliffe, 2001, p.633). The business cycle is inter-linked with this policy as it illustrates the short-term increase and decrease in the economy, noted as periods of recession and expansion. The idea of fiscal policy is simple when the economy is sluggish or too hasty the government will intervene by changing government spending on taxes. When the economy falls into a deep recessionary gap, the government can increase government spending and reduce taxes. This will increase the†¦show more content†¦Two instruments which fiscal policy can be modulated are taxes (imposed by the government) and government expenditure (also known as public expenditure). Decisions about fiscal policy are in the hands of the ministry of finance i.e. the United Kingdom – HM Treasury. Taxes can be altered by the policymakers resulting in a shift again with the AD curve like unemployment benefits. Government expenditure (G) are public expenses on goods and services, for instance, spending on education; improving labour productivity and, therefore, shifting the AD curve. The government can use expansionary or deflationary fiscal policy to get the anticipated results. Firstly, in order to understand how expansionary fiscal policy would be used, we need to understand the ‘deflationary gap’. The deflationary gap is the difference between the full level of employment and the actual level of the economy. Consequently, the government can use expansionary fiscal policy to eliminate the gap. For instance, government spending creates jobs and income for labourers, in turn, these labourers spend more of their addition income and so forth increasing consumer spending and the entire economy. A tax reduction will incre ase disposable income. On the other hand, a deflationary (contractionary) fiscal policy is vividly understood when the economy has an ‘inflationary gap’. An inflationary gap is when the aggregate demand exceeds the productive

Essay on Marketing Plan Management - 1736 Words

Case Study Houzit Brisbane Marketing plan management Juliana Silva Brandao 20/08/2012 Marketing Management plan 1. Marketing activities Marketing objectives The market for home-wares in Brisbane is estimated last year at $175 million per annum with an anticipated growth rate of the percent in the coming year. Here I outline the following marketing objectives: †¢ 12% market share (up from 11%) †¢ Increase in sales by 8.5% over last year’s result No expansion stores are planned during this phase of consolidation and on average the†¦show more content†¦3. Monitor progress Houzi Homewares have the following policies: Product – all decisions must be made and documented at a regular marketing meeting and each department of the store must be analysed separately and also in conjunction with other departments that might have influence when releasing a new product or range of products. Distribution – the department will have appropriate training in order to adapt to the new process of orders as they will receive through the new system the online orders as well as the in-store current ones. Pricing – all decisions must be made and documented at a regular marketing meeting. The strategy must be analysed and discussed to ensure that the change in price will have positive effect on sales. Marketing communication – regularly reports to be developed so everyone can see the progress being made. Market and trend analysis must be regularly reported and analysed at marketing meeting. The organisation will also implement new procedures according to the Australian guidelines for electronic commerce. 4. Distributing and pricing As explained on the item above, the company will monitor the trends and make decisions over regular marketing meetings to ensure that market fluctuations will be analysed in time so the company does not lose trackShow MoreRelatedMarketing Plan For A Business Management2012 Words   |  9 PagesABOUT AAM Founded in 1973, we have grown to be one of Europe’s well known asset management companies and a globally acknowledged investment management firm with years of experience in managing investments for institutions, financial advisors and individual clients. 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The Cuban Missile Crisis With The Perspective Of The...

There was a multitude of historical events that happened in the United States in the 20th century. A large portion of said events had a significant impact on the American people and they way we live today. But out of all the decades in the 20th century, I feel the 60’s contain the most crucial historical events and characters that have really shaped the modern American society. In this paper I will be talking about The Bay of Pigs with president John F. Kennedys perspective, the Cuban Missile Crisis with the perspective of Robert Mcnamara, Martin Luther King Jr. and his perspective on the Birmingham Campaign, the Black Panther Party (BPP) with the perspective of Malcolm X , And the Apollo program with the perspective of Neil Armstrong. The first event I will be talking about is the Bay of Pigs. The bay of pigs all started when the democratic republic of Cuba was overthrown and their president exiled. Because of this, Fidel Castro, who had strong connections with Soviet Russia, was able to take over and created the communist Cuba we know today. The United States then cut off connections with Cuba to avoid conflict with the Russians, and the CIA helped train the Democratic Revolutionary Front (DRF) of Cuba to help take Cuba and make it a democratic country once again. But once it came time to fight, the United States only helped out for a short time. On April 15, 1961, the CIA used B-26 bombers that were painted like Cuban air force to bomb Cuban air strips once the battleShow MoreRelatedCuba s Current Gross National Income Per Person Of $ 5890 ( Talley )1433 Words   |  6 Pagesgained with the help of the United States after the Spanish American War when the Treat of Paris was signed. About three years later, the Platt Amendment was passed which provided the United States control and great influence in Cuba’s domestic and international affairs. The United States control was further strengthened after World War II when Fulgencio Batista became President of Cuba in 1952. But this created many issues which fueled the Cuban Revolution ending in 1959 when Fidel Castro overthrew BatistaRead MoreFidel Castros Role in the Cuban Missile Crisis of 19621827 Words   |  8 Pagesquestion: How significant was Fidel Castro’s role in the Cuban Missile Crisis of 1962? The scope of this investigation is to discover the involvement of Fidel Castro in the Cuban Missile Crisis of 1962. First to be analyzed is the relationship of Castro with the Soviet Union and the United States as to identify the significance of Castro’s role in the stages of the Crisis. Castro’s role will then be deduced referring to the early days of the Crisis, the period when a US U-2 reconnaissance plane was shotRead MoreThe Cold War : A Conflict Between Capitalist And Communist Nations Of The World989 Words   |  4 Pageswas arms race for atomic and nuclear weapons. â€Å"During this period, in addition to the American and Soviet nuclear weapons, though none engaged in warhead production on nearly the same scale as the two super power(Wikipedia). This historically event was profitable for two super power and some countries which followed these nations, but some countries were exposed to dangerous situation, such Cuban as Missile Crisis. There were a number of i mmediate causes at the end of WW II that were also responsibleRead MoreThe Cuban Missile Crisis And Its Effects On The World2909 Words   |  12 PagesThe Cuban Missile Crisis began in October of 1962. During a dismaying 13 day standoff, people were on the tip of their toes not knowing if they would see their children again as they dropped them off for school. They wandered when they laid down at night to go to sleep, if they would wake up to see another day. They did not know if they would wake to see a country obliterated by an atomic bomb. As the United States was on the brink of a nuclear war with the Soviet Union and Cuba, nobody was certainRead MorePrinciple of Distributive Justice1331 Words   |  6 Pagesand is closely linked to the concepts of human dignity, the common good, and human rights. Considered as an ethical principle, distributive justice refers to what society or a larger group owes its individual members in proportion to: 1) the individual’s needs, cont ribution and responsibility; 2) the resources available to the society or organization (market considerations would be included under this, as well as other financial considerations); and 3) the society’s or organization’s responsibilityRead MoreEssay about The Cuban Missile Crisis2116 Words   |  9 PagesThe Cuban Missile Crisis Thousands of minuscule ripples protrude from the vast Atlantic Ocean. The sun, old in its day and weary of shining down upon the blue green sea begins to set. Almost as if to save the best for last, a brilliant mirage of orange and red color is cast upon the busy waves. Nowhere on this planet is this image captured so brilliantly as in the Caribbean, and nowhere on the earth is such a surreal scene captured daily. This heaven on Earth is a painter ¡Ã‚ ¦s paradise, a travelRead MoreThe Cold War Was A Conflict Between Theu.s And No Longer Existent Us2396 Words   |  10 Pagescapability and was aggravated that the U.S, their WWII ally, did not share its nuclear secrets. Thus began the path that saw nations representing communism such as North Korea and China, clash with capitalist nations such as South Korea. The Cuban Missile crisis was also a result of the clashed ideologies, bringing about uncertainty and fear in the international community. One of the other main provokers of th e Cold War was the creation and threat of once non-existent nuclear weaponry. It was a backRead More Cubas Relations with the United States Essay1361 Words   |  6 Pagesand the country was facing major economic problems. The peso was dropping in value like a rock and other countries, mainly the United States, were demanding monetary compensation for the property that its citizen’s owned but were appropriated by the Cuban government for its own citizens. These problems along with the GNP of the country also dropping substantially caused Castro to start to look at how Communism might be able to help him out of these troubles. The United States did not just put sanctionsRead MoreTo What Extent Did The Cuban Revolution In 1959 Mark A Turning Point Essay5328 Words   |  22 PagesTo what extent did the Cuban Revolution in 1959 mark a turning point in the US-Latin America relations? Introduction Up until the 20th century, America had only attained a notable relationship between Cuba and Mexico, any other relationship between other Latin American countries was due to small levels of trade. The majority of Latin-American countries were colonies of the Spanish Empire except Brazil which was ruled by the Portuguese Empire. Between 1808 and 1826, all of the colonies; excludingRead MoreWho Was John Fitzgerald Kennedy?1958 Words   |  8 Pagesoutcome of the Second World War. The potential of this telegenic and energetic leader never fulfilled owing to his assassination towards the end of his third year in power. President Kennedy’s public assassination, in keeping with the majority of Americans, remains one of the most disturbing occurrences in memory. Most citizens of the United States can remember precisely their location when they received news about the murder of their President. The outrageous killing of Kennedy stood at the pole position

Grand Slam Record! Essay Example For Students

Grand Slam Record! Essay Grand slam record falls again Click here for more on this story Posted: Sunday May 21, 2000 07:35 PMJason Giambi crushed a 3-1 pitch over the right-center field wall for his 17th homer of the season and fifth career grand slam. AP NEW YORK (AP) Baseball had its grandest day ever. Less than one year after the first five grand-slam day in major league history, there were six hit Sunday. Anaheims Garrett Anderson hit the record-breaker with two outs in the third inning off Kansas Citys Chris Fussell. J.T. Snow of San Francisco, Brian Hunter of Philadelphia, Jason Giambi of Oakland, and Los Angeles Adrian Beltre and Shawn Green connected with the bases loaded earlier in the day, bettering the record set last Aug. 9. It was the first time the Dodgers had two grand slams in a game since Aug. 23, 1985, when Pedro Guerrero and Mariano Duncan did it against Montreal. The Brooklyn Dodgers also had two slams in a game in 1901 in Cincinnati. It is exciting to be a part of history, Green said. Especially with the Dodgers and their illustrious past.Beltre hit his first career slam in the fifth inning off Jesus Sanchez in Los Angeles 12-3 win over the Florida Marlins. Green capped the Dodgers grand day with a bases-loaded shot in a seven-run ninth inning off Antonio Alfonseca. Slams were part of an even bigger inning in Milwaukee, when Snow capped an 11-run sixth inning with his shot off Valerio De Los Santos. The Giants beat the Brewers 16-10. Hunter, who entered the game in a 3-for-24 slump, hit his third career grand slam in the third inning off Colorados Masato Yoshii, accounting for all of Philadelphias runs in a 4-3 victory. Ive been struggling so any hit was going to be a big one for me, he said. But a grand slam, thats pretty big at any time.Giambi connected in the second inning off Minnesotas Sean Bergman for the other slam. With the season only a quarter over, there have already been 58 grand slams hit. There were 139 slams hit last season, two short of the record sent in 1996. The grand slam hitters on the previous record-setting day were Fernando Tatis of St. Louis, Jose Vidro of Montreal, Mike Lowell of Florida, Bernie Williams of the New York Yankees and Jay Buhner of Seattle.