Jacob Sloan

[Jacob Sloan @Econbro20]

President carter hired Paul Vaulker to fight inflation and he did #M4N

[Jacob Sloan @Econbro20]

The US fed linked the dollar to gold and is now the bank of the world #M4N

[Jacob Sloan @Econbro20]

Banks began to fail, people pulled out money and there was no more money for loans #M4N

[Jacob Sloan @Econbro20]

WWI made the US dollar stronger than great Britain's #M4N

[Jacob Sloan @Econbro20]

Automatic stabilizers are features built into the structures of an economy that smooth out business cycles #facts #eco2307

[Jacob Sloan @Econbro20]

Permanent income hypothesis states that households try and smooth consumption over time #facts #eco2307

[Jacob Sloan @Econbro20]

During the 2008 recession banks selling foreclosed houses increased surplus and downward price pressures #facts #eco2307

[Jacob Sloan @Econbro20]

In the event o a stock market crash, stock cash reduces wealth lowering consumption! #facts #eco2307

[Jacob Sloan @Econbro20]

@MeadorMontana The sticky wage theory is my favorite!

[Jacob Sloan @Econbro20]

Economic fluctuations are irregular and unpredictable #facts #eco2307

[Jacob Sloan @Econbro20]

Homeboy asked what's a large and sudden reduction in demand for assets located in a country. That's capital flight dog #facts #eco2307

[Jacob Sloan @Econbro20]

If a country doesn't have tariffs they might just have an import quota which limits the quantity of products that can be imported #facts #ECO2307

[Jacob Sloan @Econbro20]

If the government has a budget deficit, the real exchange rate with rise and net capital outflow will fall #facts #eco2307

[Jacob Sloan @Econbro20]

Under purchasing power parity, a unit of currency should but the same amount of goods anywhere in the world #facts #ECO2307

[Jacob Sloan @Econbro20]

Hyper-inflation leads to high spending, low tax revenue, and eventually causes even more inflation #facts #ECO2307

[Montana Meador @MeadorMontana]

There are multiple types of money. The type that is currently used all around the world is fiat money. This is money with no intrinsic value, backed only by government decreed and general acceptance. #ECO2307

[Jacob Sloan @Econbro20]

To decrease the money supply, the Feds just got to sell some bonds from its portfolio

[Jacob Sloan @Econbro20]

That guy studying account statements and future prospects to determine value? Oh yeah that's my fundamental analysis #facts #ECO2307

[Jacob Sloan @Econbro20]

Today we learned about financial intermediaries such as banks and mutual funds. These have an enormous effect on the economy #facts #bunny #ECO2307

[Jacob Sloan @Econbro20]

When a brotha is taking out a loan, the interest rate will depend on a few things such as principal, term and credit risk #facts #eco2307