2008 Economic Crisis

t is because the government spent a lot of money

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AIG, the insurance company, with almost 62 billion dollars in the 4th quarter of 2008.

key concept of nature organization

In one of the the biggest frauds in India's corporate history, B. Ramalinga Raju, founder and CEO of Satyam Computers, India's fourth-largest IT services firm, announced on January 7 that his company had been falsifying its accounts for years, overstating revenues and inflating profits by $1 billion. Ironically, Satyam means "truth" in Sanskrit, but Raju's admission -- accompanied by his resignation -- shows the company had been feeding investors, shareholders, clients and employees a steady diet of asatyam(or untruth), at least regarding its financial performance

There are many affects on the NZ economy because of the Global Financial Crisis. A few are: * Unemployment! * Govt. employs an expansionary fiscal policy. Lowers direct tax rates in an effort to increase demand and spending in the economy. * RBNZ adjust monetary policy by lowering interest rates, making saving less attractive and increasing demand and spending. * Demand for exports falls. Creating a deficit in net exports, i.e. buying more moneys worth than we sell. * Investment in the country falls due to loss of confidence. * Recession depression. Mental health and perhaps Physical health suffers.

Real output represents quantity, not the actual value of the dollar, and of goods and services made.

• The economic crisis in Western countries is worrisome to adults. If married they worry one or both of them may lose their job (especially the father of the household); struggling to meet bills; keep paying the mortgage or, if they own the house paying taxes on their home and property; trying to give their children a decent education; health care is expensive especially in the United States and these strains can cause some families to argue to the point of breaking the family unity apart often ending in divorce or at least spousal abuse in some cases, not to mention sometimes addiction to alcohol; gambling or drugs. If a single young adult the future can seem bleak and even with a good education jobs can be scarce depending on where they live or they may not have the money to further their education. They also may have to pay high rents; have utility; phone and cable bills and health care and try to keep whatever contents and properties they may have which can often lead to credit card debt.

Value is a relative price point when compared versus premium (expensive) and economy (cheap), the key question to answer is "this is good value compared to what?", and subsequently "why is this better value?"

One of Canada's main sources of income is trade, and 80% of all its trade is with the USA(and 70% of its imports). The USA has been badly hit by the economic crisis, and since Canada is majorly dependent on the USA, Canada too has been affected.

In many cases, the governments loan out money to help corporations not fail.

what types of projects will improve our state economy as individuals, and as a whole

12 years at the least 12 years at the least

In my case it took about 6 weeks until I received to decision from unemployment. A very rough 6 weeks for a single mom not bringing in any income. Unfortunatley I don't think that has changed because I regretfully have had to file again and it's been 5 weeks and no answer yet. I live in the state of Illinois.

Mugabe caused the problem, but how? Zimbabwe only attained independence in 1980 after a bloody struggle against the white minority government led by Ian Smith. The Whites occupied Zimbabwe in 1800s with an intention of exploring mineral resources in the then Rhodesia. Ralizing that there were no sufficient minerals to sustain their ambitions, they resorted to farming. This meant that the Ndebele as well as the Shona people had to give their land away to the minority whites, of course, in a bloody situation...the First Chimurenga. The second Chimurenga was fought in the years prior to the Independence in 1980. The first decade of Zimbabwe's independence saw prosperous economy and stability within the country. Mugabe himself did not reserve grudges against the whites, and he is reported to have delivered a reconciliation speech at independence. With the inception of Structural Adjustiment Programme under the IMF/World Bank, Zimbabwe failed to meet certain conditionalities the IFIs required of the country. This resulted in rising unemployment rates, inflation, as well as signs of economic shock. This raised growing opposition to change. The MDC was born, but Mugabe resisted to the needed change. To win popular suppor, he went against the whites and seized their pieces of land, thereby halting all agricultural production, which contributed nearly 80 per cent of the Zimbabwe economy.

48-year-old financier Steve Feinberg

WikiAnswers in not necessarily the place for opinions, but since an opinion was asked for...

The Federal Reserve did this country a small disfavor by keeping interest rates low for a long time. This caused an artificial inflation in the value of the dollar that raised the price of a lot of goods (ie: oil) needlessly. This has been going on since Greenspan, although he neither knew it was going on nor acted in malice. The Fed was caught in a hard place with the credit crisis as inflation began to rear its ugly head and banks cried for cheap cash. Rates were already low so the Fed was relectant to lower them for fear of inflation kicking into overdrive. So the Fed was not as prepared as it should have been for the credit crisis. Had they kept interest rates at a much more market-determined level, they would have had a much easier time dealing with the credit crisis (probably making it much more mild than it is now) by drastically lowering rates without fear of a lot of inflation. The Fed did NOT cause the credit crisis by keeping rates low, they merely unknowingly tied their own hands when it came to dealing with it.

No, it only raises the price level. Output cannot adjust quick enough in the "short run". That's why it's called the short run.

Ghana is a capitalist economy.

Because it doest not relate to consumers its effects on change in price

Demand and supply of domestic currencies with respect to other foreign currency causes currency rates to change.

No. Gas prices have not caused this recession. This is because of the severe credit crunch.

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Using macro economic indicators compare economic performance of Sudan with any other two Arabic or African countries during the period 2000 to 2006?

In economic terms, a market system is one in which a willing buyer and a willing seller engage in mutually agreeable commerce. It involves no government intervention, except for the possibility of judicial involvement to enfoce one party's rights to the benefits of the bargain that they made in the transaction.

The market system is typified by capitalism, unadulterated by political control.