Monetary Policy

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Fiscal Policy on GDP from Keynesian view

Classical economic theory (Adam Smith, etc.) assumed that a free-market economy is a self-regulating system that continually tends towards full-employment equilibrium, with optimum economic benefits for everyone. Therefore, the best government economic policy is to get out of the way and give maximum freedom to individual enterprise. The term Classical refers to work done by a group of economists in the 18th and 1th centuries. Much of this work was developing theories about the way markets and market economies work. Much of this work has subsequently been updated by modern economists and they are generally termed neo-classical economists, the word neo meaning new. Classical economic believed that the government should not intervene to try to correct this as it would only make things worse and so the only way to encourage growth was to allow free trade and free markets.

A key element of the Keynesian revolution was its demonstration that these basic assumptions are false, both in theory and practice, and its assertion that, the most appropriate government macro-economic policy is to view the whole economy as if it were a single huge business enterprise which needs to be managed as one. During the great depression John Maynard Keynes asked, "If supply creates its own demand, why are we having a worldwide depression? In view of this question he advocated massive government intervention to bring an end to the Great Depression.

Fiscal Policy is when a national government makes decisions on taxation and spending with a view to influencing the level of production and employment. (Fiscal Policy and the Simple Keynesian Model, 00)To many people, the Keynesian Revolution is often associated with the rationalization of active government macroeconomic policy. Indeed, one of the major appeals of Keyness General Theory was precisely that it seemed to lend theoretical guidance to policy-makers in an era when the Great Depression still had its grip on the industrialized world and Neoclassical economists offered no tools, if not quite the wrong tools, to address it.

Even though fiscal policy is a classic theme in macroeconomics, there is no consensus about the size or even the sign of its effects on private sector behavior. Public comprises like public expending, taxation and any other Government income or assistance to the private sector (such as tax brakes) can be used to influence the level of demand in the economy, usually with the goals of getting unemployment as low as possible without triggering excessive inflation. If we use the same argument from the 10s, we can say that the level of total output or production in the economy is due to the aggregate demand, this being the total spending of consumers, businesses, government and foreigners. In today's economy and due to all the events that had transpired in the last two years the economy has fallen into a recession, and this can be caused directly because of the lack of spending, which is due to the lack of aggregate demand, we can look at it as a chain reaction; the economy start to slow down, the tragic events of /11, and combined with the consumers apprehension of the market, all these issues will lead to shortage of government spending, unemployment, etc.

Using Keynesian theory, this can be solved by increasing government spending or by lowering taxes. This will raise aggregate demand and reducing unemployment, thus encouraging economic growth. GEC and organization that deals with the US Military could be an example of how Keynesian theory works. Since this organization is a sub-contractor for organizations like Northrop, Boeing, Lockheed, L, Raytheon, and directly with the US Military, it depends on the fiscal budget. In order for the company to obtain contracts, these contractors need to get their budget from the government, thus depending on Monetary Policy. One of the things we can look at is solving unemployment by using Monetary Policy increase government spending should be the answer. By expanding the money supply extra spending would occur, encouraging the firms to produce more, thus employing more personnel. The problem with this approach is that demand and supply functions would be affected. Problems with demand could be because of shortage of money while supply could be affected because of problems with firmed wages. This is a monetary policy which looks at controlling the money supply by deciding on interest rates and rate of inflation in order to control variables like unemployment. We could try to solve this problem by combining both, Keynesian policy and Monetary Policy, and hence bringing together the goods and money markets in important. If monetary policy grows thus simulating interest rates, the GDP should grow. The decrease in interest leads to en increase in spending (investment). This input into the economy will result on an increase on GDP and the growing economy.

My assessment of this issue is that if rise on money supply means that supply is greater than demand, the firm would be in good shape because of the extra cash to spend. On the other hand, Keynesian view of economy is that the economy falls into a trap of liquidity. When the money supply is increased, the net result here is that the interest rate or GDP change. Using Keynesian policy as a solution for this liquidity trap, we would have to use fiscal policy. The result would not change interest rates, and will increase national income (government spending would increase). As the input is greater than withdraws, the GDP would grow, and as income grows the monetary equilibrium is not lost. So, for the firm it would be better to use Fiscal Policy because it would not be affected.

I would conclude that there are differences on Fiscal Policy and Monetary Policy, and recognizes the importance of both and a correct balance of the two in order for the economy to be under control. Supply and Demand policies being used at the same time to control the economy will have affects on both the goods and money markets, so the monitoring of any policy used is essential. In this paper I tried to argue that whatever policy is used, various problems will undermine the effectiveness of the policy, and the success of fiscal policy will depend largely on the accuracy of forecasts. I gather that no one policy is good and can be used by itself, it needs to be combined with another policy to better stabilize the market.

References

Fiscal Policy and Simple Keynesian Model, pulled from the World Wide Wed, http//william-king.www.drexel.edu/tip/prin/tx/fiscal/chToC.html

Completing the Keynesian Revolution A conceptual Framework for Macroeconomic Science. June 5,17

www.iea-macro-economics.org/krev-sum.html

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Critique on Othello(live performance)

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Envy is used as a principal theme for the play Othello, written by William Shakespeare. Due to its literary significance, Othello is being performed as a live show at the Stanley theatre on Sept 5.

Although the play holds a deep and spiritual meaning, it does not seize the audience¡¦s interest with unsuitable costumes for certain characters and limited stage properties for important scenes, as well as poor acting techniques of the main actor.

Philip Akin who plays Othello, is not convincing in the role. Because Othello is portrayed as a masculine and proud general under Shakespeare¡¦s quill pen, the moor usually speaks with an intense tone when he is angered. Unfortunately, the actor has failed to captivate the audience with intense emotions in some provoked scenes. For instance, Othello tends to become extremely agitated while demanding Iago for ocular proofs of Desdemona¡¦s unfaithfulness, yet, Akin¡¦s tone of voice weakly conveys the anxiety and jealousy that he is suppose to express. Despite the lack of emotions, the physical appearance of Philip Akin fails to match Othello¡¦s imagery either. Since Akin is tall and thin, he is not muscular enough to be considered as an eloquent and physically powerful figure. Thus, the role of the tragic hero is poorly performed by Philip Akin.

How can people enjoy a show without a sensuous setting, especially if the role of the tragic hero, Othello, is not being portrayed effectively by the actor Philip Akin through both physical and emotional stages? The play deserves a rating of no more than 4 out of 10. Overall, this production of Othello at the Stanley Theatre was a disappointment primarily because of the poor performance of Philip Akin as Othello.

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Gloria Anzaldua

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Explanation of Term Transculturation is a term that ethnographers have used to describe what happens when members of a subordinated or marginalized group select or adopt materials which have been transmitted by a dominant culture. The process of tranculturation intersects with language and writing in that the "materials" adopted by a marginalized group might include a written or spoken language.Consequently, the dominant culture's language, rhetorical strategies and writing conventions will begin to be discernable in the letters, narratives and official documents of the borrowing culture.It is also possible that these forms of writing may be used to critique or denounce the actions of the dominant culture that it originated from.The American slave autobiography is an example of a specific genre that is often transcultural as well as oppositional in nature.In the composition classroom students can analyze transcultural texts, paying close attention to the linguistic and stylistic elements that might define them as transcultural.Relevant historical, social and political information will probably play a large role in the examination of these texts.

Relation to the Larger IssueThe process of transculturation, as it applies to ethnography, was first coined by a Cuban sociologist named Fernando Ortiz.As Mary Louise Pratt indicates, Ortiz created the term in an effort to "replace overly reductive concepts of acculturation and assimilation used to characterize culture under conquest"(10).Although subordinated peoples do not necessarily have control over the materials that the dominant culture transmits, they do have control over what materials get adopted and used.There is often an active choice that accompanies the process of selectively adapting materials from another culture.

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In her essay, "Arts of the Contact Zone," Pratt defines transculturation and describes it as a product of the contact zone.Contact zones are social spaces where different cultures meet, clash and grapple with each other (Pratt 10).One of the possible social spaces where this contact can occur is in the classroom.Pratt urges writing teachers to take advantage of the valuable learning possibilities that the pedagogical arts of the contact zone have to offer.Some of these arts include " exercises in storytelling and in identifying with the ideas, interests, histories and attitudes of others;experiments in transculturation and collaborative work and in the arts of critique, parody and comparison" (10).Using the arts of the contact zone in the classroom allows for divergent voices and viewpoints to be heard and discussed.

Representative ViewsIn her essay, Pratt uses Guaman Poma's nearly four-hundred year old manuscript as one of her primary examples of transculturation.Poma, who was a Peruvian clerk, wrote a 1,00 page document to the King of Spain in order to demonstrate his opposition to the Spanish conquest of Peru.What makes Poma's letter a transcultural text is that he uses both Quechua (his native Andean language) and Spanish (an adopted language) to write his critique of Spanish exploitation and abuse.The Spanish language is one of the materials that Peruvian's adopted from Spanish in the 1600's.Not only is Poma's document written partially in Spanish, but it also assumes the form of a specifically Spanish genre the chronicle.This particular genre is the one that the Spanish used to present their American conquests to themselves.As Pratt points out, " Guaman Poma took over the official Spanish genre for his own ends" (10).Poma manipulates the language and rhetorical strategies of the Spanish language to offer an altogether different view of Spain's conquest of Peru.His document is thus an example of a transcultural text acting as unsolicited oppositional discourse.

In her essay, "How to Tame a Wild Tongue," Gloria Anzaldua examines the origins of some of the different languages she speaks, and in doing so she reveals the processes of transculturation that helped to shape them.Anzaldua, a Chicana from the valley of South Texas, draws a connection between her identity and the various languages she uses.For instance, she names Standard and Working Class English as the languages that she learned in school and from the media.Chicano Texas Spanish is the language that is closest to her heart and the one she uses when speaking to her mom, younger brother, aunts and older relatives.The eight different languages she speaks all have their origins in English and Spanish; however, they each have undergone transformations over historical time and geographic space.

Transculturation is one of the ways in which languages are created and transformed over time and space.Focusing on the affect colonization has in language development Anzaldua writes, "Chicanos, after 50 years of Spanish/Anglo colonization, have developed significant differences in the Spanish we speak" (187).In particular, she traces the distinct features of Chicano Texas Spanish back to the influences of the Medieval Spaniards.Not only does Anzaldua examine the transcultural nature of the languages she speaks, but she also switches between languages in the writing of her essay.Although her essay is multilingual, she writes primarily in Standard English.For Anzaldua, Standard English represents the language of the dominant or dominating culture. Interestingly, she uses the tongue of the dominant culture as a medium to question and critique the dominant culture itself.

Assignment for StudentsThe purpose of this assignment is to give students an awareness of transculturation and the role that it plays in the formation of language.Once students are aware of the process they can look for signs of transculturation in certain texts.

1. After students have an understanding of the process of transculturation (Pratt's essay is an good source), ask them to read and analyze Anzaldua's "How to Tame a Wild Tongue."

.Have students concentrate on her descriptions of the origins of the different languages she speaks, and the transformation they have undergone. It might help to consider some of the following questions.

-What role does the process of transculturation play in the historical formation of the languages Anzaldua writes about?

-Anzaldua lists six different languages that all have their origins in Spanish. What are some of the distinguishing features of each of these languages?

-What political, social and geographical elements influenced the transformation of the languages?

-What is Anzaldua's relationship to Standard and Working Class English? How and why does she use her essay as a critique of dominant culture in the U. S.?

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BANK RESEARCH PROJECT

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Trusting someone else with your money is quite risky; in this day and age who you bank with is basically the ones who hold your security in their fingers. Their choices affect your day-to-day life. If they aren't FDIC insured, you could lose your whole life's savings if they go under. Scary as it seems to trust a bank, it is necessary considering you need your money to grow with the economy and the best way to do that is through an account at a local bank. The four main types of financial institutions are commercial banks, savings and loans, mutual savings as well as credit unions. These associations distribute and take in hundreds of billions of dollars each year. Each person who has made the decision to bank must then decide what type of organization he or she will bank with. After talking with representatives from the four financial institutions, I felt that the one that best served my personal needs was the Educational Employees Credit Union.

Although the other three offered wonderful services, the credit union just seemed the easiest and probably the most basic out of the choices. Most of the other institutions presented great offers, but in looking for a bank that will fit my needs, complicated bank accounts with services I will never use didn't appeal to me. Being one who enjoys simplicity, I know that when I do choose to make the decision to bank, I will choose a credit union. After reviewing the Educational Employees Credit Union pamphlets and talking with a representative, I realized that I liked the atmosphere, the security and the reassurance I felt with the information given to me. Like the other institutions, Credit Unions are a banking institution with checking and savings accounts, but unlike them Educational Employees seemed like an establishment that truly had their customers at heart. Just about every customer that walks through the doors of the building knows an employee on a first name basis. Between the friendly atmosphere and the confidence of being a well known-well liked institution, I definitely will choose Educational Employees Credit Union.

Learning about financial institutions and their services is a very good idea for seniors in high school, considering most of us are at the age where we are able to open our own bank account. It is definitely a smart idea to investigate banks and their services as most banking institutions target young adults with flashy advertisements to get them caught in the wild world of credit. With opening an account, you are putting your hard earned money into the hands of a complete stranger. Sadly, it is the greater evil. If one chooses to not bank, their money loses value, but if they do, most are hit with charges and offers they never knew about. For this reason, I am completely sure of my choice to choose a credit union. They don't have the flamboyant commercials or the ridiculous services you couldn't imagine using, they are just a union of people there to serve others in the field of money control. One of the most important decisions as a young adult is to choose where your trust and security will lie. What have you chosen?

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Influence of Religion in Arts

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Every country has its own belief distinct from the others. A belief that shapes ones culture and recognizes a society. This belief can be formed into a religion and it somehow describes a country culturally.

As a significant factor in a society, religion brings a deep influence to every people in a certain place. Even if a stranger lives in a country with a different religion, he will surely adopt a belief of that country and may influence his own belief. It is because a person normally does not want to be entirely distinguished from the other.

It is part of the people in any religion to perform their beliefs and interact with them spiritually. In order to do this effectively, people apply their beliefs into their everyday lives. A good example of this is the application of religion in art for arts is undeniably used everyday and it will give a great impact for those who do not consult to themselves spiritually. They can also appreciate and refine their beliefs in a different manner. While others perform their rituals to be in contact with their religion, a simple appreciation in a painting or will also do the same contact.

But the appreciation of religion does not stop there. It can also be done in architecture, literature, dance and music. One can distinguish a certain religion just by looking at their building since it has unique characteristics that will `generally differentiate one from the other, some of their writings relates to their beliefs, their praises can also be expressed in the form of dance or in music.

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In line with this matter, this paper will tackle the different influences of religion in arts in a specific country. I will be undertaking four of the major religions in Asia Hinduism, Buddhism, Islam and Christianity.

Please note that this sample paper on Influence of Religion in Arts is for your review only. In order to eliminate any of the plagiarism issues, it is highly recommended that you do not use it for you own writing purposes. In case you experience difficulties with writing a well structured and accurately composed paper on Influence of Religion in Arts, we are here to assist you. Your cheap research paperson Influence of Religion in Arts will be written from scratch, so you do not have to worry about its originality.

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The Impact of Inflation on International Trade

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Inflation is the most commonly used economic term in the popular media (Hellerstien). A Nexis search in 16 found 87,000 news stories over the past twenty years that used the word inflation (Hellerstien). Of those 87,000 I am sure that there is a lot that have used the word inflation to express the impacts it has on international trade. Inflation effects trade through increased and decreased prices and value that along with other elements, can influence imports and exports.

Changes in prices here and abroad are also important. If we experience more inflation here than the rest of the world is experiencing, our goods cost more and thus our imports will rise and exports will fall (Buckles). The reverse is true if the rest of the world experiences a greater rate of inflation than we do in the United States (Buckles). For example, in the news paper today there was an article that reported that the US dollar has fallen against the euro. In the article it exposed that there was a dramatic decline in the amount of money international investors were spending of U.S. securities. They had spent 4.1 billion in September which was a big decrease sense August when they spent 4. billion (Bandar). With fewer purchases means the United States will have trouble financing its current-account deficit which is running at around 5 percent of gross domestic product (Bandar). This has inadvertently caused a drop in dollar value against a euro. Yesterday at 58 p.m. in New York the dollar traded at 1.66 per euro, compared with 1.174 Monday (Bandar). The euro was only one of the 15 major currencies that the dollar has declined against (Bandar). As a result the price of gold overseas had increased to 400.5 an ounce (Bandar). Sense are dollar is worth less compared to euros our international trade with Europe would be affected. Thus, purchasing imports from Europe would cost more which enables us (the US) from buying as much as we could before the dollars value dropped. Also since the United States is in deficit from declined sells of US securities the government will have to increase price of our exports and buy less imports. The increased price on our exports might dim the interest in other countries for international trade. In addition, the article said that there were going to be tariff increases on foreign goods (Bandar). This would slow consumer spending in the United States. The tariffs would raise prices at home which would cause disposable to fall because people would have to spend more on the goods they are buying (Bandar).

The United States relationship with China is another example of inflations impact on trade. As of July 1 00 the yen is 116 against the US dollar(Shiokawa). Every one dollar of US money equals 116 yen in China. The drastic difference in inflation can have serious impacts on trade amongst each country. The United States can only buy small amounts of very essential goods from China. Sense there is such a big difference in money value the United States can't afford to buy to much of a good or it may cause a debt. China is the worlds leading manufacture of technology. China has many machines and programs that no other country has. If the yen stays as high as it is then the US will never be able to reach the level of China. The US simply could not afford to import the new technologies because of how expensive it would be. Imports and Exports are influenced by a variety of factors. Increases in income in the United States will increase the demand for all goods and services, including those that are imported (Buckles). Thus, imports will rise as incomes increase (Buckles). Increases in income in other countries have a positive effect on our exports. Decreases in income here cause exports to fall (Buckles). Decreases in income among our trading partners cause our exports to fall (Buckles).

During the Great Depression in the early 100's income was low. The stock market had been a major investment and source of income for many Americans. When the stock market crashed Americans lost money (income) and were unable to gain it back fast enough. Sense the majority of the US had little income they could not afford to spend as much as before. So exports to other countries decreased. The Great Depression is an example of how a decreased growth in spending impacted exports.

Changes in tastes influence import and export levels(Buckles). Recently there has been an increase in fruit and vegetable imports (Buckles). United states residents new found taste for fruits and vegetables makes them in high demand. That high demand will make residents spend more for imports, thus increasing imports from countries exporting fruits and vegetables. Also as the rest of the world finds U.S. software and airplanes more attractive, our exports will rise.

Changes in exchange rates influence exports and imports. Exchange rates are the prices at which currencies are exchanged (Buckles). For example, one U.S. dollar can buy (or be exchanged for) approximately 10 Mexican pesos in international currency markets (Buckles). Or, one Mexican peso costs about 10 cents. Most exchange rates are determined in open markets, and the rates depend upon the supply and demand for each currency (Buckles).

If the international value (price) of the dollar increases (say from 10 pesos per dollar to 1 pesos per dollar), U.S. goods become more expensive for Mexicans and goods from Mexico become cheaper for people in the United States. Before the increase in the international value of the dollar, automobiles costing $0,000 in the United States cost an individual in Mexico 00,000 pesos (Buckles). After the change in the value of the dollar, the same car will cost will cost someone in Mexico 40,000 pesos. Thus, Mexicans will purchase fewer U.S. cars.

At the same time, Mexican goods become less expensive for people in the United States. For example, a Mexican vacation stay that costs 40,000 pesos use to cost someone from the United States $ 4,000 (Buckles). Now, the vacation is cheaper for the United States as the cost of a peso falls from $ .10 to $ .08 (Buckles).

Inflation has proven to be an extremely potent aspect of international trade. Inflation has the ability to completely change how or who a country will import and export. Imports and exports truly are capable of being influenced by many elements of economics. Inflation does effect trade through increased and decreased prices and value that along with other elements, can influence imports and exports.

Please note that this sample paper on The Impact of Inflation on International Trade is for your review only. In order to eliminate any of the plagiarism issues, it is highly recommended that you do not use it for you own writing purposes. In case you experience difficulties with writing a well structured and accurately composed paper on The Impact of Inflation on International Trade, we are here to assist you. Your cheap custom college paper on The Impact of Inflation on International Trade will be written from scratch, so you do not have to worry about its originality.

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English

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English

WILFRED OWEN SUMMARY NOTES

Anthem for Doomed Youth

Structure

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· Sonnet ' Traditional mood of sonnet happy/joyful ' But structure has added to

the irony of the poem

· Also sonnet structure has restricted writing ' therefore Owen"s ideas, thoughts,

and motions have been compacted and compressed creating an intense piece of

writing.

Major Ideas + Themes

· Highlights three levels of anger death of frontline soldiers, the lack of

respect and ceremony for the dead + sheer "mockeries… of human life.

Major Language Techniques Used

· title ' Anthem is a song a praise, not that of death + with long vowel sounds

contrasted with youth suggesting strength, vitality and innocence.

· Hyphens ' create pauses ' symbolises an abrupt change in thought.

· Personification ' Makes poem feel more personal/human.

· Repetition ' "only the $ guns.…

· Sound + Visual Imagery ' The bells, gunfire, candles, funeral palls.

Quotes

· "Passing Bells…

· "Those who die as cattle…

· "- only the monstrous anger of the guns…

Futility

Structure

· Sonnet ' (see above)

Major Ideas + Themes

· Pointlessness, no hope of war

· levels of futility ' the death of a soldier, war in general + creation of

human life.

· Gentler track of thought than other of Owens poetry.

Major Language Techniques Used

· "Futility… ' Gentle soft sounds, indicating a disturbance of thought. Singular

word title capsulate thought of entire poem.

· Use of commas and hyphens ' breaking up thought, used for emphasis + breaks

rhythm. ' Adds to a disturbance in thought.

· Sun personified as the creator ' showing a loss in faith + hope in god?

· Why create at all? ' takes idea of futility to a level of creation, almost to a

factious state.

Quotes

· "Move him into the sun…

· "Until this morning, "until this snow…

· "To break earth"s sleep at all?…

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