Re: ⇒ lesgislative mandatesfuckyeahedinglyApril 7 2009, 02:52:20 UTC
⊕ Employee Act of 1946: WWII kinda fucked the unemployment rate way up after it was over and done with, and this act was made to ease things over.
• Act commits Fed. gov. to use all practical means, consistent with the market system, "to create economic conditions under which there will be employment opportunities". This includes self employment and BLAH BLAH COMMON SENSE BLAH.
• Landmark legislation. Allows the Fed. gov to be like a hormone pumping organ in the endocrine system that is our economy.
Re: ⇒ lesgislative mandatesfuckyeahedinglyApril 7 2009, 02:58:07 UTC
⊕ The CEA & JEC were created through the previous act!
• The Executive branch carries all that shit out. Hence: EXECUTIVE.
• The Council of Economic Advisers: assists and advises - it took me three times to spell advises right, please just kill me now - on economic matters.
• The Joint Economic Committee of Congress - investigates economic problems.
⇒ fiscal policy & the AD/AS modelfuckyeahedinglyApril 7 2009, 02:36:35 UTC
Discretionary: "active" changes in gov. spending & taxes to battle evil things like inflation and the like. At the option of the Feds. Not automatic, as apposed to
Nondiscretionary: a big fuck you to the idleness of Congress, hur.
Re: ⇒ fiscal policy & the AD/AS modelfuckyeahedinglyApril 7 2009, 03:17:16 UTC
⊕ Expansionary Fiscal Policy! Things like IR & even the Feds selling buying bonds (right? I forget, but that makes more sense?) on the OMC = monetary policy.
• used during a recession. Budget deficit nodiscretionary. LJ TELLS ME THAT ISN'T A REAL WORD. FUCK YOU, LJ. AD1 ← AD2 on the AD/AS curve = do want, ok.
• ↑ government spending: ‾ unemployment rate ↓ to levels before recession ‾ real output levels ↑ by full extent of multiplier
• ↓ taxes ‾ must be somewhat larger than proposed to ↑ gov spending
• The greater the tax cut + combined gov. spending increases = ↑ GDP
*is utterly nonplussed. Stability? In his multiparty capitalist state? It's more likely than you think. But Soviet Russia dismisses it all as bourgeois propaganda and hopeful thinking, and decides that he won't leave until he's assured America of the same thing.*
Alfred. Putting a hamburger in front of your crotch will not hide the inherent jiggliness of your economy, no matter how much you may wish for it. *pokes his flaccid retail sector to demonstrate*
*Ji-jiggliness?! The United States of America NEVER admits to jigglines! He may do frantic hands-on assessments of his gut more often than other nation's would, but that was all merely precaution. Yes. Just cyclical checks for SIGNS of muffin top and bad credit - signs and only signs, because he does not have either of them, no; and anyone who said otherwise was a vodka satiated communist.*
Oh, Ivan, but I was saving this hamburger for you! *grabs the OFFENDING FINGER, smiling oh so nicely* What with you looking hungrier and gloomier by the, I mean. I was worried.
Ah...were you. *is now utterly horrified and begins backing slowly away. No matter how much Alfred may wish for it, Ivan will not eat even the most delicious hamburger in the world from his crotch*
I think you should be more worried about your own health. *if he weren't afraid of getting too close, Ivan would pull on that portly deflation statistic to ram his point home--and no, the fat jokes do not ever stop being funny to him*
*...however, despite his best attempts to escape, Ivan finds that he has, in a moment of carelessness, been caught very securely. Damn that inhuman American strength!*
Thank you for the thought, but I am not hungry. *attempts to pull the captured digit back harder. Somewhere in the back of his mind, Ivan notes that the hamburger is Quite Large.*
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• Act commits Fed. gov. to use all practical means, consistent with the market system, "to create economic conditions under which there will be employment opportunities". This includes self employment and BLAH BLAH COMMON SENSE BLAH.
• Landmark legislation. Allows the Fed. gov to be like a hormone pumping organ in the endocrine system that is our economy.
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• The Executive branch carries all that shit out. Hence: EXECUTIVE.
• The Council of Economic Advisers: assists and advises - it took me three times to spell advises right, please just kill me now - on economic matters.
• The Joint Economic Committee of Congress - investigates economic problems.
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Nondiscretionary: a big fuck you to the idleness of Congress, hur.
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• used during a recession. Budget deficit nodiscretionary. LJ TELLS ME THAT ISN'T A REAL WORD. FUCK YOU, LJ. AD1 ← AD2 on the AD/AS curve = do want, ok.
• ↑ government spending:
‾ unemployment rate ↓ to levels before recession
‾ real output levels ↑ by full extent of multiplier
• ↓ taxes
‾ must be somewhat larger than proposed to ↑ gov spending
• The greater the tax cut + combined gov. spending increases = ↑ GDP
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• used during demand pull inflation. AD3 → AD4.
• The opposite of everything I said in the previous comment.
• I hate this class.
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Alfred. Putting a hamburger in front of your crotch will not hide the inherent jiggliness of your economy, no matter how much you may wish for it. *pokes his flaccid retail sector to demonstrate*
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Oh, Ivan, but I was saving this hamburger for you! *grabs the OFFENDING FINGER, smiling oh so nicely* What with you looking hungrier and gloomier by the, I mean. I was worried.
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I think you should be more worried about your own health. *if he weren't afraid of getting too close, Ivan would pull on that portly deflation statistic to ram his point home--and no, the fat jokes do not ever stop being funny to him*
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Thank you for the thought, but I am not hungry. *attempts to pull the captured digit back harder. Somewhere in the back of his mind, Ivan notes that the hamburger is Quite Large.*
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