Kylie Kokaisel

Account for ECON 1022 (001)

[Kylie Kokaisel @kokai009]

@AGpodcast Could you talk about the no contact stage? Trying to decide if I should break it or not, thank you!

[Kylie Kokaisel @kokai009]

When productivity increases, the AS curve shoots up to the sky!☄️ @econ_ta #EconUMD

[Kylie Kokaisel @kokai009]

I think of an aggregate-Supply curve in
the short run as an upward run like an easy sprint and the long run as vertical or a straight line up because that would be a difficult run! @econ_ta #EconUMD

[Kylie Kokaisel @kokai009]

I think it's crazy to think that 90% of the things that I own are manufactured in China! @econ_ta #EconUMD

[Kylie Kokaisel @kokai009]

@AnkrumIsaak @LuiggiDonayre @econ_ta I agree! with closed economies, we can avoid exchange rate risks and global economic shocks. @econ_ta #EconUMD

[Kylie Kokaisel @kokai009]

Inflation is like a tax because everyone who holds money loses purchasing power. With these rising prices going on all around the US, consumers are losing their purchasing power and have to limit the number of goods they can buy. #EconUMD @econ_ta

[Kylie Kokaisel @kokai009]

When the Federal Reserve increases the money supply, inflation may occur. Inflation is hard to experience for anyone especially having to buy your own groceries and provide for yourself as a college student. #EconUMD @econ_ta

[Kylie Kokaisel @kokai009]

The first thing that came to my head when we first learned about "Bonds" was my previous knowledge that Dave gave Alvin and the Chipmunks Savings Bonds for Christmas. To this day I still wonder how savings bonds work and how much money you can make. @econ_ta #EconUMD

[Kylie Kokaisel @kokai009]

Within the past year, I saw that Elon Musk's influence can rock the stock market with a single tweet. It makes me think about all of the possibilities of how he can sway the market for his personal benefit. @econ_ta #EconUMD

[Kylie Kokaisel @kokai009]

Productivity matters for living standards because when it rises, it allows people to get what they want faster or get more in the same amount of time.
@econ_ta #EconUMD

[Kylie Kokaisel @kokai009]

I was kind of confused about business cycle fluctuations. I found that: Business cycles are systematic changes in real GDP, and business fluctuations are changes that occur on an irregular basis.
@econ_ta #EconUMD

[Kylie Kokaisel @kokai009]

Productivity matters for living standards because a country's standard of living depends on its ability to produce goods and services. @econ_ta #EconUMD

[Kylie Kokaisel @kokai009]

The improvement in living standards is a direct result of economic growth! Economic growth can lead to higher wages which offers a higher quality of life. @econ_ta #EconUMD

[Kylie Kokaisel @kokai009]

If unemployed people can make more on unemployment than at their job, it means that their job wasn't paying them a fair wage in the first place. The US minimum wage is $7.25 per hour. @econ_ta #EconUMD

[Kylie Kokaisel @kokai009]

Speaking of minimum wage... I work at target, and for the last 2 years their personal minimum wage was $15 and they now have increased that to $15.75, which is nice for me! @econ_ta #EconUMD

[Kylie Kokaisel @kokai009]

I looked up MN's unemployment rate and it is down to 1.9% its crazy because it also showed me its high which was 10.8%! Looking back it's awful that over a tenth of our working population was out of a job. #EconUMD @econ_ta

[Kylie Kokaisel @kokai009]

I've been told that there is a labor shortage in the US. It's weird to me because I've known a lot of people who are struggling to get employed within these past few months. I wonder why that is? #EconUMD @econ_ta

[Kylie Kokaisel @kokai009]

The inflation over the past hundred or so years is fun to learn about for me! I remember growing up and my grandparents would tell me things nowadays that are so expensive used to then only be a few cents! #EconUMD @econ_ta

[Kylie Kokaisel @kokai009]

The cost of living right now is significantly more than in the past. Being a college student who has to be financially stable myself has proven tough, so I have to manage my budgeting very well. #EconUMD @econ_ta

[Kylie Kokaisel @kokai009]

GDP makes a huge impact when running a business! When the growth is strong, a company will hire more workers and even bump up pay rates because the economy is doing well. Strong GDP = Happy workers, and more spending customers! #EconUMD @econ_ta