Fiscal Policies

About fiscal policies Fiscal policies are tools used by the state to stimulate the economy. The government can implement fiscal policies that can lead to growth or shrinkage of the economy. Contractionary fiscal policies are often instituted by the government when the amount of spending is greater than the amount of tax revenue earned by the government. In such instances, the government used fiscal policies to reduce the amount of public debt.Advertising We will write a custom essay sample on Fiscal Policies specifically for you for only $16.05 $11/page Learn More On the other hand, the government uses expansionary fiscal policies to stimulate the level of economic activity in the country. Such measures are often taken by the government after periods of severe economic conditions such as the recession that occurred from 2009. Expansionary fiscal policies often create inflationary pressure in the economy (Mankiw 2011). Government spending and taxation are the main fiscal policy tools (Mankiw 2011). The state can stimulate the economy by increasing the amount of the spending allocation per annum. It results in the creation of job opportunities thus increasing consumer spending. Also, the government can reduce taxes. Increasing government spending is more effective than reduction of taxes. Besides, the effectiveness of fiscal policy is achieved when the economy is operating below full capacity of the economy. Fiscal policies in Australia The government of Australia came up with fiscal policies that comprised of reduction of taxes and increase in the amount of government spending to stimulate the economy after the recession. The government came up with a number of stimulus plans. For instance, the government came up with a stimulus plan that focused on implementing a number of fiscal policies. The goal of the stimulus plan was to enhance economic growth and job creation. The plan also focused on protecting the existing jobs so that mor e people do no lose their jobs and also create jobs. Job creation leads to an increase in the amount of disposal income and increase consumption expenditure. The government also increased spending on major investments such as infrastructure within the country. This initiative was put in place so as to replace lost jobs during the period of recession. Further, the government increased spending in learning institutions. The government improved infrastructure in higher learning institutions with an aim of promoting technology and research in the institutions.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Further, the government also supported communities and some of the industries that most affected by the recession. Finally, the government collaborated with financial institutions so as to make funds available to the citizens cheaply. The stimulus plan was implemented successfully in partner ship and cooperation of various agencies in Australia. The stimulus plan was temporary and was supposed to be implemented in phases (International Monetary Fund 2012). The implementation of the stimulus plan has been successful in Australia. The country is considered as one of the countries that successfully recovered from recession. The implementation of the stimulus plan has led to significant improvement in the economy. For instance, in the year 2012, the government of Australia reported a decline in the amount of the budget deficit. The value declined from $63.584 billion that was reported in the 2010 – 2011 fiscal year to $42.119 billion in the fiscal year that ended in March, 2012. The amount of a budget deficit that was reported in 2009 during the recession was $64.51 billion (International Monetary Fund 2012). Further, the amount of government revenue increased from $1,335.87 billion that was reported in the 2010 – 2011 fiscal year to $1,380.02 billion in the f iscal year that ended in March, 2012. This shows an increase in the level of economic activity in Australia. Further, the amount of government expenditure increased from $523.827 in 2011 to $542.038 in 2012. The inflation rate (measured by the consumer price index) increased from 178.45 in 2011 to 182.1 in 2012. This is an indication of an increase in the rate of inflation in the country. Expansionary fiscal policies in a country often create inflationary pressure. Despite creating more job opportunities, the unemployment rate continued to rise. The unemployment rate declined from 5.592% in 2009 to 5.225% in 2010. The value further declined to 5.083% in 2011. However, in 2012, the unemployment rate increased to 5.217%. The current account deficit increased from $33.522 billion in 2011 to $62.969 in 2012. It is an indication that the amount of import in the country exceeds the amount of exports. However, the economy grew by 3.304% short of the expected 6.2% that was expected in 2012 (International Monetary Fund 2012).Advertising We will write a custom essay sample on Fiscal Policies specifically for you for only $16.05 $11/page Learn More This led to weak economic projections and the loss of confidence in the full recovery of the economy for the recent inflation. Expansionary fiscal policies often create inflationary pressure in the economy. The fiscal policies implemented will increase the aggregate demand in the economy. In the AD – AS model, the aggregate demand curve will shift outwards as presented in the graph below. The aggregate supply curve will not be affected. The impact on the AD – AS model is illustrated below. Expansionary fiscal policies shift the AD curve from AD1 to AD2. This results in an increase in price level from P1 to P2. The GDP also increases from GDP1 to GDP2. Apart from the expansionary fiscal policies, the Reserve Bank of Australia also instituted monetary policy to aid the economy recover y. The bank lowered interest rate from 4.8% in 2011 to 3.0% in 2011. The expansionary monetary policy is illustrated below. When interest rates are lowered (from 4.8% to 3.0%), there will be an increase in borrowing and a decline in investment. This causes an increase in the amount of money in circulation that is, from MS1 to MS2. This will result in an increase in the amount of economic activities in the country thus leading to GDP growth.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More References Arnold, R. 2008, Economics, Cengage learning, USA. International Monetary Fund, 2012, Data and statistics. Web. Mankiw, G. 2011, Principles of economics, Cengage Learning, USA. Reserve Bank of Australia, 2013, Monetary policy. Web. 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The Executive Branch essays

The Executive Branch essays Powers and Limitations of the Executive Needless to say, the executive branch of our government is historically and presently a key role in our approach to an envisioned perfection of democracy. The executive has such a substantial effect in nearly every aspect of our political and economical situation because of the powers we the republic have chosen to delegate and entrust to this office. Because of its importance and power I felt impetus to write on this topic. The executive is a power in itself independent of the Congress but also in most cases restricted in power by that of Congress and the Supreme Court. The Constitution is specific on a few certain powers of the executive while being somewhat vague on other powers based more so on ones interpretations and also precedents that may have been set forth in previous terms. But we may want to read the 'fine print' because along with these executive powers there come limitations in order to prevent any sort of tyranny or dictatorship. Probably the most effective or compelling power given the executive would be the veto power in which case the president may veto a bill sending it back to its origin with reasoning. Some would say the veto power is a means of defense for him and his office from being reduced to a subject of the legislature, thus maintaining its independence. Of course, even the presidents most compelling power has limitation. Congress is able to override his veto with a two-thirds vote in both houses. Of the 2,550 vetoes signed by our past 42 presidents, 106 were overridden by Congress, a little over 1%. This is not a discouraging number when analyzing the power the executive possesses. As much as the president is himself a powerful figurehead of our country, those appointed directly below him as part of the executive branch have a considerable amount of influence and say in the presidents decision making. For this very reason, the ...

A Current Crime Prevention Program Essay Example | Topics and Well Written Essays - 1750 words

A Current Crime Prevention Program - Essay Example A simple question that can be asked by a layman is why does crime exist? A set of individuals or a certain group of people can answer it very briefly, saying that it exists because criminals commit crimes. But on the other hand another group of individuals can relate it to the law and order of the government. They might have an opinion that because there is a law of everything and as a responsible citizen of the country, a person is bound to abide with that law, so people who de-track from the right path, intentionally or un intentionally commit crimes and become criminals in order to challenge the rules and regulations of their country. The word crime has become a daily part of our lives with every person experiencing it in one way or the other. Every country, every state, every town and every street has become a target for the crime seekers. In order to prevent, overcome or minimize this calamity from our society, the people have to be alert and the local authorities have to be on their toes. (James Q Wilson 1983). Lately Crime prevention programs have been set up by many authorities with collaboration with the local residents. One thing is very clear, that the government or the law enforcing agencies cannot work alone to minimize the effects of crime or criminals in a certain area. They need the help, cooperation and association of the locals. As they are also part of the community so their input and advice matters a lot to the authorities. DISCUSSION Crime has had hold of every part of this world and has spread like an infection across the globe .With street crimes on high, productive preventive measures have to be taken to safeguard the lives of the people. For this purpose many Crime Prevention Units work hard to reduce crime and improve the surrounding areas of the society to be friendly and safe for living. (National Advisory Committee). Their major aim is to improve the quality of living with the help of the local residents of that area by preventing s treet crimes like theft, robbery, bullying, child abuse, burglary, kidnapping, shop lifting and many more. In order to maximize the input and minimize the occurrence of a particular crime the Crime Prevention Units must seek help from the residents, shop owners, famous personalities and make them their co-partners in the prevention of this unethical activity. By doing this, with their collaborators in street it will be much easier to govern the area as they can inform the required department about any crime almost immediately or at the time it is taking place. In this way it’s easy and helpful to safeguard even if the area has a vast expansion. The Crime Prevention specialists, working as their members would deliver and support ever-evolving prevention and safety programs, and maintain close partnerships with organizations and community members. Specialists would work out their strategies that will range from personal safety of a human being to self defense techniques. They w ill try their best to stay aware with the latest residential security practices, and hence process the trends in case of any crime taking place. In this way it will also help them to stay alert of any future un-happenings. ANALYSIS Without the introduction of the Crime Prevention Systems to reduce the street crimes, it would be extremely difficult for the law enforcing authorities to bring the rate of crime under control, plus without the local residents taking part as volunteers in this program the authority may come to a halt in resolving these criminal acts as Businesses and business men would get affected, shopping malls, banks, petrol stations,

Business & International Trade Assignment Example | Topics and Well Written Essays - 1000 words

Business & International Trade - Assignment Example The two main parts of the current account are the balances of visible and invisible trade (goods and services) and both of these are affected by the exchange rate of a country against others. The basic types of exchange rates are floating exchange rate, where the market dictates movements in the exchange rate; pegged float, where a central bank keeps the rate from deviating too far from a target band or value; fixed exchange rate, which ties the currency to another currency, mostly more widespread currencies such as the U.S. dollar or the euro or a basket of currencies. If the economy of UK has a large and persistent deficit on its balance of payments, then serious economic problems could result, such as: †¢ A fall or depreciation in the value of ?‘s exchange rate (Campbell, 2007, p.110-114) †¢ A decline in the country’s reserves of foreign currency †¢ An unwillingness of foreign investors to put money into the economy. The business importance of these pro blems is likely to be most serious if: †¢ The exchange rate depreciation (or frequent fluctuations in the exchange rate) make importing and exporting too risky (Bean, 2002, p.276) — see section below on exchange rates †¢ The government takes corrective actions by, for example, limiting foreign exchange transactions and putting substantial controls on imports, such as tariffs and quotas (Dale & Haldane, 2005, p.1611-26). This policy (protectionist policy), used currently by Zimbabwe, might have short-term benefits by reducing imports of competitors’ products. However, serious consequences could also result. The policy could lead to retaliation by other countries that will then reduce export demand. Also, import controls are serious for firms that depend on imported supplies of raw materials. Question: How would an increase in the value of the ? against the $ and/or the â‚ ¬ affect the price of UK exports and imports into the UK? (2.1a) Answer: When demand f or a currency exceeds supply, its value will rise. This is called an appreciation because one unit of the currency will buy more units of other currencies. Exchange rate depreciation, on the other hand, is a fall in the external value of a currency as measured by its exchange rate against other currencies. If ?1 increases in value from â‚ ¬2 to â‚ ¬1.5, the value of the ? has appreciated (Fisher et al, 2007, p.19). The domestic firms that would gain from an appreciation of the country’s currency are: †¢ Importers and exporters in the UK of foreign raw materials and components, for whom the domestic currency cost, of these imports will be falling — this increases their competitiveness. †¢ Importers and exporters in the UK of foreign manufactured goods, who are’ able to import the product more cheaply in terms of domestic currency —in 2008, it was claimed that European importers of US-produced cars were profiteering at the expense of consume rs(Britton & Whitley, 2007,p. 152-62). This was because, although the import price of cars was falling due, to the appreciation of the euro against the US dollar, they were not selling them more cheaply to European consumers. Hence, they were taking advantage of the appreciation to make much higher profits (Calvo, 2003, p.383-98). †¢ Lower import prices will help to reduce the rate of inflation for the whole economy and all firms are likely to gain from this more stable position. The domestic fir

Bits of Mystery DNA Article Example | Topics and Well Written Essays - 750 words

Bits of Mystery DNA - Article Example (Kolata) What is also critical to understand that this article has actually focused on the findings which were earlier termed as junk? Scientists have discarded these findings and apparently reduce their role in offering any new insights. However, different research findings indicated in this article has put the onus back on scientists to actually re-evaluate their own opinions and embark on new research. The article has also discussed the 3 dimensional structure of DNA and how this new discovery can actually pose new challenges for scientists to properly encode and decode those DNAs to achieve the health related benefits. This paper will discuss the new research which has been discussed in this article and will specifically focus on discussing dark matter as well as the 3-D structure of DNA. Besides, this paper will also discuss the impact this new research on DNA might have on overall health related outcomes. Biological dark matter actually hints at the fourth domain of the life i.e. bacetria, archea and eukaryotes the other three. It has been now accepted throughout the academic field that most of the genetic material in different parts of the body is the dark matter with relatively no explanation of what it actually is. Historically DNA Dark Matter has been termed as junk DNA because it was not coded for protein and researchers typically knew little about this dark matter. This junk or dark matter resides in millions of switches that is possessed by the smaller bits of DNA. However, new research clearly now indicates that these smaller switches or the dark matter as it is called can play decisive role in determining how different organs and tissues work and how two persons with identical genetic make-up can catch different diseases. DNA is a double Helix and unwinding of the same would actually result into two different strands and both of them are parallel in

Claude Monets Impressionism Artwork

Claude Monets Impressionism Artwork Claude Monet was born on November 14, 1840 in Paris France and was son to Claude Adolphe Monet and Louise-Justine Aubree. Monet, even from a very young age, had always loved to study and practice art and even attended Le Havre, school for the arts at the ripe age of 11. Monet continued to study art for much of his life and even developed his own style of art that was coined Impressionism (Claude Monet Biography). Impressionism is a movement in French painting, sometimes called optical realism because of its almost scientific interest in the actual visual experience and effect of light and movement on appearance of objects (Impressionism). Characteristics of Impressionist paintings include visible brush strokes, open composition, emphasis on light in its changing qualities, ordinary subject matter, the inclusion of movement as a crucial element of human perception and experience, and unusual visual angles (Art Periods: Impressionism in France). Monet painted a series of Impressionist series of approximately 250 paintings called Water Lilies. 250 The paintings depict Monets flower garden at Giverny and were the main focus of Monets artistic production during the last thirty years of his life (Water Lilies). As part of his extensive gardening plans at Giverny, Monet had a pond dug and planted with lilies in 1893. He painted the subject in 1899, and thereafter it dominated his art. He worked continuously for more than twenty years on a large-scale decorative series, attempting to capture every observation, impression, and reflection of the flowers and water. By the mid-1910s Monet had achieved a completely new, fluid, and somewhat audacious style of painting in which the water-lily pond became the point of departure for an almost abstract art. This work, which he began in the late teens and kept in his studio until his death, is one of the most complete pictures of the late series (Claude Monet). One of the 250 Water Lilies paintings, completed in 1907 is currently on display in the Museum of Fine Arts Boston. The painting is oil on canvas and 38 1/8 x 38  ¾. The form of the painting is 2-dimensional. The painting shows water lilies in what appears to be a pond. There are more water lilies in the distance than â€Å"in the front†. The water and the water lilies are not painted in a â€Å"traditional† way. If looking closely, one can see that they are painted will unsmooth and spotted paint strokes and a vast variety of colors. The water surrounding the water lilies highlights them by adding areas of light as well depth where needed. The space of the Water Lilies is key to its beauty. Monet uses a proper proportional scale to indicate distance from the viewer. The lilies are not crowded and appear â€Å"comfortable† in their environment. Each group of lilies had its own space. Though the groups of lilies get close to one another in the distance, there is no obvious overlapping. When it comes to the composition of the painting, Monet leads the viewer though the entire painting with every brush stroke. The â€Å"front† of the painting is bright and full of light and catches the eye first. The light in the center of the painting leads the viewers eyes up to view the large clusters of lilies. The color in Water Lilies makes the painting the gorgeous work of art that it is. The various colors allows for the depth and the reflection of light. The water in the painting varies in color from very pale lavender, to dark and mossy browns and greens. Lavender, brown, and green are probably not the first colors a viewer would think of when imagining a pond or stream but it works perfectly in Water Lilies. There is also a wide variety of color used in the lilies. When looking up close, the â€Å"green† part of the lilies are actually composed of every shade of green imaginable, yellows, blues, browns, and even pinks. The flowers on the lilies, which appear just pink from a distance, are made with red, pink, white, brown, and grey. From the painting, it is clear that Monet was fascinated, and spent a lot of time concentrating on the light of a painting. There is so much depth and highlighting in the painting that many onlookers find it breathtaking. The lightest part of the painting is right in the center. There are no lilies in that area, so there is no need for shadowing which is why it appears to be illuminated. In the distance of the painting, it is much darker and there are also a lot more lilies. The front of the painting is purple and blue. It almost appears as though it is the sky reflecting onto the water. The texture of this painting is what makes Monet, Monet. When looking up close at the painting, it is hard to believe that the textured, rough and quick brush strokes create such a clear looking and well composed painting from far away. If a viewer only had the opportunity to view the painting up close, it would be reasonable to believe that they would think the painting was a mess and wouldnt create a clear image. There are so many layers in Water Lilies. When looking up close, it is strange to see shades of brown layered on top of purple and it appears as though it would never look fluid, but Monet mastered it to do so. Monet was the master of Impressionism and his series of 250 Water Lilies paintings showcased his talent in the category perfectly. His works are displayed all around the world, even right here in the Boston area. Monet will forever go down in history as the first, and perhaps the greatest Impressionist artist of all time. References Art Periods: IMPRESSIONISM in France. Discover France French Arts, Culture, Tourism. Web. 09 Mar. 2010. . Claude Monet (18401926) | Thematic Essay | Heilbrunn Timeline of Art History | The Metropolitan Museum of Art. The Metropolitan Museum of Art, New York: Metmuseum.org. Web. 09 Mar. 2010. . Claude MONET Biography. Giverny Vernon : In the Heart of Impressionism. Web. 09 Mar. 2010. . Impressionism Impressionism Art. Oil Paintings Reproduction Canvas Oil Painting Reproductions For Sale. Web. 09 Mar. 2010. . Water Lilies | Claude Monet | All | European Paintings | Collection Database | Works of Art | The Metropolitan Museum of Art, New York. The Metropolitan Museum of Art, New York: Metmuseum.org. Web. 09 Mar. 2010. .

Analysis of The Maltese Falcon Essay example -- Movie Film Maltese Fal

Analysis of The Maltese Falcon The Maltese Falcon, was not only a detective film, but a film that displayed many different aspects of the female and the male character in the movie. The film was more than a story, but a story that explored the ideas of the detective genre and the different characteristics of femininity and masculinity. It also brought forth subjects of sexual desires and the greediness of money. The characters and the visual motifs in the film contributed to the developing of the plot and assisted in creating a more detective and gender oriented film. In the film, The Maltese Falcon, the role of men and women are portrayed in different ways in the film to show the distinct functions of masculinity and femininity between the characters. Sam said to Effie, ?Your a nice rattle brain angel.? Sam Spade?s assistant, Effie is a conservative and a practical woman. As the detective?s assistant, she possesses more of masculine qualities than feminine qualities. Since she works in an environment around men, she has a tendency to be more influenced by their activities and their ideas. Sam said to Effie, ?Your a detective darling.? Her voice seems to be monotone which shows her as a strong and an independent person. Although she may act this way, she is still a woman who is somewhat ladylike and very polite. In some ways, women are used to bring forth the ideas of sex and lust, but in this case, Effie?s role was necessary in helping the story to develop and to present how the role of woman could be played and perceived. Sam said to Effie, ?Your a good man, sister.? Effie possessed many masculine qualities and this quote helped to reinforce the idea of it all. Another female role that was a part of the film was Iva, who was the wife of Miles. She was very lady-like and beautiful which helped her to use her image and personality in a way to receive certain things. Miles was Sam Spade?s partner in the detective business. Her character as a woman is somewhat different from Effie?s. Iva and Sam Spade once had a history together even though she was married to Miles. Iva said to Sam, ?You killed my husband, Sam, be kind to me.? She sets up a different role for woman because of her actions and of the characteristics that she possesses. In a way, she thinks that Sam Spade is in love with her and for that reason, she thought that he had killed her hus... ...ch character. Although Effie took on a female role, she possessed many masculine characteristics which allowed it possible for her to get along with the men in the film. The other women in the film took on the classic role of the female characters as helpless, seductive, or conniving. The male characters took on the customary roles as the ones who were strict and cautious, while others sought only for lust and money. Some of the male characters were able to control their feelings and did not allow their emotions to come in the way of their moral decisions while some couldn?t restrain themselves from the lustful feelings they had inside. Sam said to Brigid, ?If they hang you, I will always remember you...you never played square with me for the half hour to the stretch that I?ve known you.? Even though Sam had feelings for Brigid, he was still going to turn her in for the murder she had committed. He was not going to allow his desires for her come between his morals and his profess ion. Through this many things were accomplished such as portraying the genre of detectives, the genre of female and male figures, and the roles that the characters which led up to the ending of the story.