The current account consists of non-reversal transactions including the net primary income section, which mainly records returns on investment, the balance on G+S, which is the difference between aus exports and imports and the net secondary account, a minor section that was a deficit of $-1.1 bn in 2012, recording the unilateral transfer of money. ... [SD graph of AUD showing an increase in demand] As seen on this diagram, the price of the $A has increased due to the sharp rise in demand for exports. ... [SD graph of the AUD showing an increase in supply] Before examining the impact of cha...

• Word Count: 1109
• Approx Pages: 4
• Grade Level: Undergraduate

This is what Keynes came up with in the midst of the Great Depression of the 1930's, when unemployment rates in the U.S. exceeded 25% and the growth rate of real GDP declined steadily for the next decade. ... This is how they thought: In looking at a graph, (attached), we see that the equilibrium level of GDP, (Y1), lies below the natural level, (Y2). ...

• Word Count: 714
• Approx Pages: 3
• Grade Level: Undergraduate

Keynesian economics is the macroeconomic School of Economic Thought that was based of the ideas of the 20th century economist John Maynard Keynes. Keynes, along with other economists of his time, saw an increasing number of flaws in the current economic thought. Keynes broke away from classical eco...

• Word Count: 1814
• Approx Pages: 7
• Grade Level: Undergraduate