上游充通大学 SHANGHAI JIAO TONG UNIVERSITY Political Business Cycle A business cycle that results primarily from the manipulation of policy tools(fiscal policy, monetary policy)by incumbent politicians hoping to stimulate the economy just prior to an election and thereby greatly improve their own and their party's reelection chances. 漏 SHANC
Political Business Cycle A business cycle that results primarily from the manipulation of policy tools (fiscal policy, monetary policy) by incumbent politicians hoping to stimulate the economy just prior to an election and thereby greatly improve their own and their party's reelection chances
上游充通大学 SHANGHAI JIAO TONG UNIVERSITY The conventional macro-economic wisdom is that there is a trade-off between the rate of inflation and the level of employment.(This is the famous "Phillips curve") Voters are sensitive to both these variables in their electoral choice. ©Poor vs.Rich 强 n SHANC 1日5
The conventional macro-economic wisdom is that there is a trade-off between the rate of inflation and the level of employment. (This is the famous “Phillips curve”) Voters are sensitive to both these variables in their electoral choice. Poor vs. Rich
MAY JUNE 200
上游充通大学 Debt Crisis SHANGHAI JIAO TONG UNIVERSITY R ERSIT
Debt Crisis
上游充通大学 SHANGHAI JIAO TONG UNIVERSITY United States As of 30 November 2012,debt held by the public was approximately $11.553 trillion or about 72%of GDP. 强 LARAAAAAAMAAL 会 SHANG 1日日日
United States As of 30 November 2012, debt held by the public was approximately $11.553 trillion or about 72% of GDP