Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
What are the crisis affect the economies
This crisis would affect the UK in 3 major ways.
First the UK would be unable to sell its exports to these economies if they are heavily indebted. Governments of Portugal, Greece and Ireland have already introduced austerity budgets that have dramatically cut government spending, welfare benefits and public sector wages and increased taxation. This has significantly decreased levels of disposable income for households in these countries. If they have less income they would be unable to afford UK exports that will in turn affect income of British businesses and do little to help British government reduce its large current account deficit.
Second the northern eurozone countries particularly Germany (Extract C, line 6) that has a strong economy and doesn't suffer from excessive debt are supposed to be tipped into recession by problems of the southern nations (the so-called 'Club-Med' countries). This will be especially bad for UK's macroeconomic performance. At present almost 60% of UK's trade is with eurozone countries. Germany is the second biggest export destination after USA. If German economy is pulled into recession and has to bail out southern eurozone economies in order to save the euro it would harm the UK economy. UK exporters will struggle to sell their products in Germany that will in turn harm British growth and unemployment as firms pursue to cut back on production and dismiss workers.
Third if the excessive budget deficits and sovereign debt crisis bring down the eurozone, British government will inevitably be dragged into a financial bailout. In spite of the fact that current Chancellor, George Osborne has resisted all calls for financial support for struggling eurozone economies of Greece and British, Portugal business has strongly integrated trade links with eurozone. Furthermore major British banks have underwritten German and French banks which are heavily exposed to the bad government debt in Portugal and Greece. If the Italian or Spanish banking systems collapse it will create a chain reaction which will have major repercussions in Frankfurt, Paris and London.
Long-Run Labor Demand: Graph an increase in the wage when only labor is a 'normal' input to production. Graph an increase in the wage when both inputs are 'normal'
If the firm‘s lowest average cost is $52 and the corresponding average variable cost is $26, what does it pay a perfectly competitive firm to do if • The market price is $51?
Q. Show the Different kinds of unemployment? All unemployed individuals are presumed to belong to exactly one of these categories so that if we sum unemployment from each categ
An investor has a series of three $15,000 payments expected to be realized at the end of years three, four, and five. Calculate the present value P at time zero and the correspondi
It is online assignement, Can u do it?
Questions: Search through newspapers for ONE article that is relevant to the economics concepts. You are also required to attach the article to your final report
This 24 year 1 quarter period should offer sufficient insight into the short term and long term correlation between the variables. Figure - A graph showing the trend of
If interest rates increase, which would you rather be holding, long term or short term bond? Why? Which type of bond has the greater interest rate risk?
why is credit multiplier lower than money multiplier
To develop what you believe is a terrific idea for a video game, you lease 50,000 square feet in an office building from Commercial Property, LLC, under a written five-year lease.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd