Important Happenings this week

Two of the world’s largest economies will witness a change in their political leadership this week:
 The US presidential election sees Democratic President Barack Obama standing for a second and final term, with recent opinion polls suggesting that Obama is leading by a small margin.
Who do you think will be the next President of USA?
Post your replies to profKPM.

In China the fifth-generation leadership will be appointed at the 18^th Party Congress.

Thought for the Day

The man who damns money has obtained it dishonorably; the man who respects it has earned it.
Ayn Rand

This Day in History-31 October

31 October 1924
World Savings Day is announced in Milan, Italy 
by the Members of the Association at the 1st International Savings Bank Congress

Thought for the Day

"Optimism is the faith that leads to achievement. 

Nothing can be done without hope and confidence."

~Helen Keller  

As we head into examination mode QOTW takes a break. We will be back in November when Semesters II and IV begin.

Till then here's wishing all our members and other Andreans all the best for the examinations.

Meanwhile the Blog will be updated with all your contributions, take a look after your examinations.

KPM

ANSWERS: QOTW 9

1.  The multiplier, liquidity preference, expectations and animal spirits were terms introduced by Lord J. M. Keynes.

2.  The IS-LM model was developed by John Hicks and Alvin Hansen.

3.  Frictional, natural, structural, cyclical, disguised are  all forms of unemployment.

4. The Phillips Curve illustrates the relationship between unemployment and inflation.

5. Medium of exchange store of value and unit of account are functions of money.

All 5 Correct answers were submitted by: NOBODY :(

QOTW -9

Fill in the Blanks:
1.  The multiplier, liquidity preference, expectations and animal spirits were terms introduced by___________.
2. The IS-LM model was developed by _________ and __________.
3.  Frictional, natural, structural, cyclical, disguised are  all forms of _________.
4. ___________ illustrates the relationship between unemployment and inflation.
5. Medium of exchange store of value and unit of account are ______________.

Send in your answers to profKMody@gmail.com by 24 September 2012.