Group items matching ""Demand" in title, tags, annotations or url - IBEconomics

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 on 07 Jun 12
  
  wages go up, but supply of labor does not change. This causes an excess supply of labor-- unemployment.
  
  <div class="cArrow"> </div><div class="cContentInner">wages go up, but supply of labor does not change. This causes an excess supply of labor-- unemployment.</div>
  
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- Zhoushu Ziporyn on 07 Jun 12
  
  wages go up, but supply of labor does not change. This causes an excess supply of labor-- unemployment.
  
  <div class="cArrow"> </div><div class="cContentInner">wages go up, but supply of labor does not change. This causes an excess supply of labor-- unemployment.</div>
  
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- 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.
  
  <div class="cArrow"> </div><div class="cContentInner">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.</div>
  
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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

<div class="cArrow"> </div><div class="cContentInner">"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</div>

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BBC News - UK economy in double-dip recession - 1 views

www.bbc.co.uk/...business-17836624

shared by Aili Saito on 07 Jun 12 - No Cached

double-dip recession
- Aili Saito on 07 Jun 12
  
  can be represented by a AD/AS graph (shift left in AD) -> leads to recession
  
  <div class="cArrow"> </div><div class="cContentInner">can be represented by a AD/AS graph (shift left in AD) -> leads to recession</div>
  
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- Aili Saito on 07 Jun 12
  
  UK was once in recession and they returned back into recession soon after
  
  <div class="cArrow"> </div><div class="cContentInner">UK was once in recession and they returned back into recession soon after</div>
  
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construction output
- Aili Saito on 07 Jun 12
  
  the demand of construction decreased and the AD decreases (shifts to the left)
  
  <div class="cArrow"> </div><div class="cContentInner">the demand of construction decreased and the AD decreases (shifts to the left)</div>
  
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economic output was slightly smaller now
- Aili Saito on 07 Jun 12
  
  again, there was a decrease in AD
  
  <div class="cArrow"> </div><div class="cContentInner">again, there was a decrease in AD</div>
  
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...6 more annotations...
everything we can" to generate growth
- Aili Saito on 07 Jun 12
  
  this could be monetary/fiscal policies
  
  <div class="cArrow"> </div><div class="cContentInner">this could be monetary/fiscal policies</div>
  
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production industries decreased by 0.4%, construction decreased by 3%
- Aili Saito on 07 Jun 12
  
  both examples of why AD has decreased that lead to recession
  
  <div class="cArrow"> </div><div class="cContentInner">both examples of why AD has decreased that lead to recession</div>
  
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government spending
- Aili Saito on 07 Jun 12
  
  a fall in government spending = leads to a fall in AD (AD=C+I+G+(X-M))
  
  <div class="cArrow"> </div><div class="cContentInner">a fall in government spending = leads to a fall in AD (AD=C+I+G+(X-M))</div>
  
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25% in public sector housing and 24% in public non-housing and with a further 10% cuts to both anticipated for 2013
- Aili Saito on 07 Jun 12
  
  the decrease in government spending has surpassed the anticipated increase in other factors of AD
  
  <div class="cArrow"> </div><div class="cContentInner">the decrease in government spending has surpassed the anticipated increase in other factors of AD</div>
  
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guarded optimism
- Aili Saito on 07 Jun 12
  
  there seems to already be business/consumer confidence
  
  <div class="cArrow"> </div><div class="cContentInner">there seems to already be business/consumer confidence</div>
  
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little more aggressive in terms of recruitment and investment.
- Aili Saito on 07 Jun 12
  
  the government wants to increase business confidence
  
  <div class="cArrow"> </div><div class="cContentInner">the government wants to increase business confidence </div>
  
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BBC News - Energy committee attacks UK carbon price - 0 views

www.bbc.co.uk/...business-16728207

shared by Shoko Kuroda on 09 Jun 12 - No Cached

- Shoko Kuroda on 09 Jun 12
  
  Minimum price, therefore it is micro economics
  
  <div class="cArrow"> </div><div class="cContentInner">Minimum price, therefore it is micro economics </div>
  
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higher carbon options more expensive.
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developing a low carbon economy
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reducing uncertainty and creating incentives for investment in low carbon electricity generation now, so we have lower emissions in the future,
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put aside money
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The governmen
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£250m package of support."
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The government expects to raise £1.4bn
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However the recession has significantly reduced industrial output - and so demand for credits to cover industrial emissions has also fallen.
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If the actual price is below the floor, companies must pay the difference to the Treasury.
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The extra cost will be passed on to consumers, it warns.
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- Shoko Kuroda on 09 Jun 12
  
  If Carbon becomes more expensive, this reduces the number of firms which still can afford the price and therefore leads to reducing the amount of Carbon.
  
  <div class="cArrow"> </div><div class="cContentInner">If Carbon becomes more expensive, this reduces the number of firms which still can afford the price and therefore leads to reducing the amount of Carbon. </div>
  
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- Shoko Kuroda on 09 Jun 12
  
  Recession, the business cycle suggested by Keynes can be introduced with a digram and explanation.
  
  <div class="cArrow"> </div><div class="cContentInner">Recession, the business cycle suggested by Keynes can be introduced with a digram and explanation. </div>
  
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- Shoko Kuroda on 09 Jun 12
  
  A diagram representing the impact of minimum price should be drawn and explained. Consumer burden needs to be explained as well.
  
  <div class="cArrow"> </div><div class="cContentInner">A diagram representing the impact of minimum price should be drawn and explained. Consumer burden needs to be explained as well. </div>
  
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- Shoko Kuroda on 09 Jun 12
  
  This can be explained to support why when an economy is in recession, it has a similar impact as minimum price has. In addition, this also has a negative affect on the government who has the benefit of minimum price since then they are able to collect the money. Therefore this reduces the intention of the government to set a minimum price since they would have less benefit when the economy is in a recession.
  
  <div class="cArrow"> </div><div class="cContentInner">This can be explained to support why when an economy is in recession, it has a similar impact as minimum price has. In addition, this also has a negative affect on the government who has the benefit of minimum price since then they are able to collect the money. Therefore this reduces the intention of the government to set a minimum price since they would have less benefit when the economy is in a recession. </div>
  
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Windfarm subsidy faces huge cut - Green Living - Environment - The Independent - 1 views

www.independent.co.uk/...dy-faces-huge-cut-7813595.html

shared by Aili Saito on 18 Jun 12 - No Cached

swingeing cuts in state support for onshore wind-farms
- Aili Saito on 18 Jun 12
  
  Subsidy Supply like (Ssub) will alter -> shift to the left
  
  <div class="cArrow"> </div><div class="cContentInner">Subsidy Supply like (Ssub) will alter -> shift to the left</div>
  
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25 per cent cut in a subsidy regime that is worth some £400m a year to the industry
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a reckless act of political opportunism
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onshore wind power was expensive compared with gas and that it would drive up fuel poverty
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Climate Change's attempts to stimulate renewable energy are being hamp-ered by Treasury intervention
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is to have more onshore renewable energy, which requires lower levels of subsidy, and less offshore, which requires more.
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It is crackers to kill dead the deployment of the cheapest renewable technology if you genuinely are worried about the cost
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demanding cuts to the multimillion-pound public subsidies for wind-farms
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