In the video I have learned that the LRAS curve is reshaped after the philips curve was invented. The philips curve had a trade off between inflation and unemployment and that trade off was not shown in the LRAS curve until they found that there was a trade off. Also that when the workers are [...]
April 26, 2012
April 20, 2012
Country report belgium
Belgium Country Report. Belgium GDP growth rate: The first negative curves that you can see on Belgium’s GDP growth rate is because of the implementation of the euro in 2001. this caused for the percentage change of the GDP to go negative. but after that it has been stable until the great recession came. Belgium [...]
September 25, 2011
Article response
This article is from 19 September 2011 and it is about how South Korea suspended savings banks citing weak finance. The regulator of the Financial Services Commission said that the banks had Capital-adequacy ratios (ratio of a banks capital to its risk) of les than 1%, which is below the limit of 5%. This [...]
