The Global Economy Essay Example | Topics and Well Written Essays - 1250 words

The Global Economy - Essay Example According to McTaggart aggregate supply is defined as the total supply of goods and services by a national economy in a certain figure of the time. On the other hand, aggregate demand is the total demand of national economy for a certain period of time. Basic Economics suggests that the increase in price will directly affect supply and adversely affect demand. Thus, in the AD and AS diagram, AD follows a negative scope and AS illustrates a positive slope. All economic activities affect both AS and AD. This reality is important to understand before appraising the effects of all economic circumstances in other aspects. For the government, having low unemployment rate is a primary goal. Definitely, it is important for all individuals to have quality employment and for those not in the labor force to have ample opportunities to be employed. As the unemployment decreases, it is expected that most households have income. This results to higher demands and will eventually increase AD. The increase in AD generally improves the Gross Domestic Product since household consumption will also increase. Also, the income of the government is boosted because taxes in income will increase in the same manner as the taxes imposed on goods and services. In contrast, it has been noted that the decrease in the unemployment rate will have an effect on inflation. Inflation is defined as the increase in general prices as measured with the baseline of purchasing power. Usually, inflation is caused by the supply of money and the demand power of consumers.

Source analysis assignment Essay Example | Topics and Well Written Essays - 250 words

Source analysis assignment - Essay Example The other issue is the creation of dehumanizing climate, which acts as a malarial swamp thus infecting everybody reading the content when it comes to the view of the Arab world, Islam and Middle East as a whole. The sources leave many questions like who went, where that person went and why that person went answered. The sources reveal the problems by pointing them out and solve them by addressing them in that people now start to look on the opposite side of the stories given by media regarding Middle East. It is obvious that the three sources in subject represent particular bias towards the Middle East as everything centers towards Middle East. The sources are useful in that they help people argue about the reasons behind the American media displaying Middle East negatively and at the same time give history for different issues. The sources have especially been useful to the Muslims and entire Middle East fraternity. The fact that they are internet history sources, they must be very reliable adding to it that the renowned authors write good pieces of history. Edward Said’s arguments are the main evidence supporting the sources. The evidence that the media provides however contradicts the sources and therefore bring about arguments just as Edward said