Quantity theory of money

talk about investment first. People know the money will worth less in the future by inflation, due to the Fisher Equation, which is the real interest rate equals to the nominal interest rate minus inflation rate. When inflation raises, the real interest rate falls as a result. Thus people choose either invest in something that will returns more to balance inflation, or they purchase some fixed assets to store their wealth. However, when people know that money will worth more in the future, the…

reoccurring issue however it is real and does exist. Some republican senators have voted against the policy for equal pay for equal work. This is based on because they are in fear that they would have to pay more to employees, which would take more money out of the employer’s own pocket and increase the cost of running a business for a period of time. Making it less profitable for business…

avoid the unnecessary and fraud in accounting practice. CoCoA was first presented at length in Accounting, Evaluation and Economic Behavior in 1966. It is consistent with a large body of economics literature on money, prices, price levels and price structures, the principal of measurement theory and the common sense rules of financial calculation. Thus, a business entity's wealth is measured as the amount of unencumbered current general purchasing power…

Book Review The Goal (Third Edition) by Eliyahu Goldratt is a story about a struggling plant manager – Alex Rogo – who must change his fundamental ways of thinking to save his plant from closing and ultimately costing hundreds of jobs. Alex meets an old friend – Jonah – who is the key to helping him turn the plant around change his management skills in relation to manufacturing control processes. The Goal’s narrative gives an example first hand that “productivity is meaningless unless you know…

Money has 4 four basic function namely according to the AmosWeb: 1) medium of exchange, 2) Unit of account, 3) Store of value and 4) Standard of deferred payment (Amosweb, 2012). It is my opinion that in this regard the most important function of money is that money is a medium of exchange. The primary function of money is to act as the medium of exchange. Individuals uses money to buy and sell goods. Buyers give up money and receive goods. Sellers on the other hand give up good and receive…

theologians, Kant, Mill, Aristotle and Held and to answer the question of the best suited approach in resolving ethical problems and dilemmas. Kant I have found that Kant’s theory is the most complicated and confusing of the four. It was only made somewhat clear by the explanation in O’Neill’s reading. Kant’s moral theory was based on motivation.…

household debts as households are now able to service greater quantities of debt. -Debt substituting wages- In the US it can be argued that the rise in household debt is the result of low and middle class households attempting to preserve their current consumption levels, in the presence of income redistribution towards the upper class. The sustainability of this substitution in the long run will be a key issue. Keynesian Economic Theory: Largely focused on influencing aggregate demand to…

Throughout history, psychologists and researchers have aimed to discover the characteristics of aggression, questioning the nature vs nurture theory in order to discover whether aggression is biologically predetermined, a learned behaviour or both. (Geen, 2001) (p8) Biological perspectives in psychology propose that aggression is innate. Sigmund Freud believed in his psychodynamic perspective…

Morality of Famine Famine or any natural disaster that happens, brings unimaginable pain and suffering upon the people that it affects. The main question to be analyzed in this paper is whether or not people from far away land should help ease the suffering of the people affected by famine. To help answer this question, I will compare two ethical approaches on how to dealing with this problem. The approaches used are John Stuart Mills and Peter Singer’s utilitarian perspective and Immanuel Kant…

adjectives might have strong meaning and in others very little. This comes to two assumptions, first is that women tend to discuss about their inner feeling, giving a condition where adjectives are overused. While men tend to talk about politics, sports, money and other masculine topics that do not give them a chance to overuse adjectives. Second is that there is an assumption that when a word becomes so overused it becomes empty (Penelope & Katerina 2003) For the case of politeness, when men…