Transfer the answer(the red mark character) to the question use Essay - 1

Transfer the answer(the red mark character) to the question use totally different sentence but exactly the same meaning - Essay Example The curve illustrates government, businesses and consumers ability to buy actual Gross Domestic Product. MV=PY (the equation used in determining exchange) indicates the quantity of M (money supply) that is required to support certain units of PY (nominal GDP) for V (certain quantities of money). Expansion monetary principle has the ability to buy extra outputs and the ability to adjust money supply. When LM curve shifts outwards, the increase in demand for the actual GDP is realized at each unit of actual interest rates. c. Suppose government expenditures are increased to stimulate economic activity but no other policy action is taken. Explain why and under what conditions an increase in government expenditures will increase aggregate demand. (20 points) As the government increases its spending, interest rates also rise since initial rise in actual Gross Domestic Product triggers bond sales to compensate for additional output assuming the supply of money is constant. Increase in interest rates is alsso influenced by the government’s move to borrow money to cater for the rise in expenditures. A rise in purchase of bonds increases money’s effective velocity. Expansionary monetary rules only works in a condition where people have held their cash as assets, and when they react to the increased interest rates by cutting on the money held through buying more bonds. 2. Explain why the aggregate supply curve is vertical (in a graph with Price on the vertical axis and real GDP on the horizontal axis) under Classical economic assumptions and positively sloped in Keynesian analysis. (30 points) When workers have fully adjusted to the economic conditions, there is a vertical curve in aggregate supply. Full adjustments to economic situations and response to changes in labor market is possible because the workers have sufficient knowledge of the economic situation. The overall result is wage levels will decrease or increase depending

Linguistics structure and meaning in literary discourse Essay

Linguistics structure and meaning in literary discourse - Essay Example Complicating action and resolution, recognized as 'narrative clauses' by the Labov, are simple past main clauses and their order sums up the order of events in the narrative. The temporal sequence of the original semantic interpretation will be the ultimate result of an alteration in the order of complicating action and resolution. In the novel A Tale of Two Cities, the 'narrative clauses' of complicating action and resolution in the form of simple past main clauses whose order sums up the order of events are at work from the very opening of the narrative. "It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishnessit was the season of Light, it was the season of Darknesswe had everything before us, we had nothing before us" (Dickens, 3) The order of the various events in the narrative is the result of the order of the 'narrative clauses'. To comprehend these narrative strategies closely, complicating action is concerned with the narrative question 'Then what happened' and resolution with 'What finally happened' Similarly, the narrative function of the former has been that it is the main narrative category which provides the 'what happened' element of the story and the latter summarises the final focal episode of a story. More significantly, the linguistic form of complicating action is "temporally ordered narrative clauses with a verb in the simple past or present" where as that of resolution is "expressed as the last of the narrative clauses that began the complicating action." (A Sociolinguistic Model of Narrative) The linguistic forms of complicating action as well as resolution in the novel are evidently reflected in the sentence constructions of the narrative. According to Labov, the narrative embodies several events which are temporarily and rationally previous to the narrative itself. Therefore, Labov realised the significance of sequence which denotes the chronological ordering in narrative discourse. To relate the literary issues with the linguistic aspects, "the structural organisation of the narrative is governed primarily by principles of chronological sequence." (Klapproth, 96) In the narrative strategy of the novel by Dickens, this structural organisation of the narrative assisted by the principles of chronological sequence is apparent. In the novel A Tale of the Two Cities one finds the best illustration of this structural organisation of the narrative through the principles of temporal sequence. The novel, arranged in three books, illustrates the impact of the principles of temporal sequence on the structural organisation of the narrative. The arrangement of the major events in the novel in three main sections indicates the significance of temporal seque