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Suppose the home economy was initially at the long run equilibrium. The consumption in the country depends on the disposable income, Y-T, C = C(Y-T), and the investment depends on the interest rate of the country, i, I = I(i). Assume the home country follows a floating exchange rate system. Now, there is an increase of foreign income.
Following the increase of the foreign income, the central bank of home country changes the money supply to maintain the output at the initial level. Use the IS-LM-FX model to explain (in words) the short run effects of this policy. Be sure to explain
(i) movements (shifts) of all curves starting from the short run equilibrium after the increase of the foreign income but before the policy implementation including
(ii) the reasons for the shifts, and
What is inflation
a) The degree to which individuals are required to act independently.
b) The extent to which members are willing to accept an unequal distribution of power, wealth, and privilege.
c) The manner in which individuals have learned to cope with uncertainty.
d) A concern with dominant values such as success and money.
a) An organisation that exists to serve the needs of members, where individuals are expected to influence each other through example and helpfulness.
b) An organisation where the focus is upon achieving goals, and flexibility is important.
c) An organisation with a single source of power.
d) None above
a) Issues of power are likely to be important to attempts to change culture.
b) The existence of subcultures may have an impact on attempts to change and manage culture.
c) There is skepticism regarding changing organisational culture, especially at deep levels.
d) All above
a) Shared values
b) By-product of an organisation
c) Beliefs
d) Behaviours
a) Culture has been influential in organisational studies for the last 30 years.
b) A causal link between culture and organisational effectiveness has been firmly established.
c) Some believe that having an appropriate culture is a vital element for many companies' success?
d) In HRM, culture has been held as essential to organisational success.
#332078 on Oct 2022