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Contents contributed and discussions participated by Zhoushu Ziporyn

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Zhoushu Ziporyn

Fed Survey Shows Economy Growing Modestly - NYTimes.com - 0 views

www.nytimes.com/...-economy-growing-modestly.html

shared by Zhoushu Ziporyn on 07 Jun 12 - No Cached
    • Zhoushu Ziporyn
      Zhoushu Ziporyn on 07 Jun 12
       
      consumer spending did not go up as much.... consumer confidence low
    • Zhoushu Ziporyn
      Zhoushu Ziporyn on 07 Jun 12
       
      consumer spending did not go up as much.... consumer confidence low
    • Zhoushu Ziporyn
      Zhoushu Ziporyn on 07 Jun 12
       
      AD wont increase as much as C would not increase so much... AD=C+I+G+(X-M)
    • Zhoushu Ziporyn
      Zhoushu Ziporyn on 07 Jun 12
       
      hiring going up, demand for labor going up--- more people are hired, more income. More income, more consumption. All of these cause the AD curve to shift to the right, causing a growth in GDP.
    • Zhoushu Ziporyn
      Zhoushu Ziporyn on 07 Jun 12
       
      so the things i mentioned earlier is not quite the case here, as the wages have not increased much either it seems and so that would explain why it is only growing modestly when firms are hiring more
  • ...1 more annotation...
    • Zhoushu Ziporyn
      Zhoushu Ziporyn on 07 Jun 12
       
      the drop in price will shift the equilibrium downward, and since it is the supply side, the quantity would increase since the supply curve would shift to the right according to the price increase.
  • Zhoushu Ziporyn on 07 Jun 12
     
    A Federal Reserve survey found that the economy grew moderately in most regions of the country this spring and companies kept hiring. It was a hopeful sign after a spate of gloomy data released last week. The Fed survey showed growth in each of its 12 bank districts from April 3 through May 25.
Zhoushu Ziporyn

8 States to Raise Minimum Wage - NYTimes.com - 1 views

www.nytimes.com/...tes-to-raise-minimum-wage.html

shared by Zhoushu Ziporyn on 07 Jun 12 - No Cached
    • Zhoushu Ziporyn
      Zhoushu Ziporyn on 07 Jun 12
       
      wages go up, but supply of labor does not change. This causes an excess supply of labor-- unemployment.
    • Zhoushu Ziporyn
      Zhoushu Ziporyn on 07 Jun 12
       
      wages go up, but supply of labor does not change. This causes an excess supply of labor-- unemployment.
    • Zhoushu Ziporyn
      Zhoushu Ziporyn on 07 Jun 12
       
      although more money would be payed, it would not be enough to support the poor and total unemployment will increase since there is a gap between the equilibrium point with the higher wage price level and the equilibrium with the demand curve.
  • Zhoushu Ziporyn on 07 Jun 12
     
    "The minimum wage increases in Arizona, Colorado, Florida, Montana, Ohio, Oregon, Vermont and Washington will be 28 cents to 37 cents an hour, according to the National Employment Law Project." minimum wage, the minimum price for labor, has gone up in 8 states
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