What Was An Important Part Of Rome’s Early Economy? Roman Farming Was A Huge Part of The Empire’s Economy Perhaps unsurprisingly, the ancient Roman economy placed a huge emphasis on agricultural production. Given the Mediterranean climate in which the empire was placed, the main agricultural outputs were wheat and grapes, as well as foodstuffs such
Which Of The Following Would The Fed Us To Increase The Money Supply? To increase the (growth of the) money supply, the Fed could either buy bonds, lower the reserve requirement ratio, or lower the discount rate. To decrease the (growth of the) money supply, the Fed could either sell bonds, raise the reserve requirement
What Was The Average Price Of A House In 1975? Year Median sale price 1970 $23,900 1975$38,100 1980 $63,700 1985 $82,800 How much did a house cost in 1975? Year Median Price Increase/Decrease 1975$41,600 20.2% 1976 $48,630 16.9% 1977 $62,290 28.1% 1978 $70,890 13.8% What was the average UK house price in 1975? 1975. The
What Is The Implicit GDP Price Deflator? The gross domestic product implicit price deflator, or GDP deflator, measures changes in the prices of goods and services produced in the United States, including those exported to other countries. Prices of imports are excluded. How do you calculate implicit GDP price deflator? Implicit price deflator = nominal
Why Having Too Much Money Is Bad? Firstly, having too much money can lead to a deterioration of values. Becoming rich can make a person proud and arrogant. … Hence, having too much money can change your personality, destroy your moral values and make you an unlikeable person. Secondly, being very wealthy can affect relationships.
Why Is Monetary Policy More Effective Than Fiscal Policy? In a deep recession and liquidity trap, fiscal policy may be more effective than monetary policy because the government can pay for new investment schemes, creating jobs directly – rather than relying on monetary policy to indirectly encourage business to invest. Why is monetary policy more
Which Phase Of The Business Cycle Is Inflation Most Likely To Occur? The expansion phase is dominated by strong demand for goods and services, which has the inevitable effect of driving up prices. The result is inflation. On the other hand, during the contraction phase of the cycle, demand weakens as incomes fall and unemployment
Are The Medici Still Rich? Chang of the Art of Thinking Smart has made an attempt to estimate their net worth as part of his Forbes-inspired list of the richest people of all time. According to Chang, the Medicis, as a family, are the 17th richest people of all time, with an estimated worth of
Are Real Interest Rates Negative? While real interest rates can be effectively negative if inflation exceeds the nominal interest rate, the nominal interest rate is, theoretically, bounded by zero. What does it mean when real interest rate is negative? Real interest rates are negative when the rate of inflation is higher than the nominal interest
Can Real GDP Decrease While Real GDP Per Capita Increases? Growth in real GDP does not guarantee growth in real GDP per capita. If the growth in population exceeds the growth in real GDP, real GDP per capita will fall. Can real GDP increase and per capita real GDP decreased at the same time? Is