Markets and the Economy Research Paper Example | Topics and Well Written Essays - 1000 words

Markets and the Economy - Research Paper Example 1996). Due to unemployment and reduced profits, income reduces hence a decline in tax revenue. Tax revenue is thus lower than expenditure resulting in automatic federal budget deficit. The budget deficit resulting from the recession can help to stabilize the economy. Increased government spending in provision of welfare payments is a source of income for households and this result in increased consumption (Hyman, 2010). As consumption increases, aggregate demand increases thereby prompting producers to produce more hence increased output and employment. The economy thus stabilizes as full employment is reached or aggregate demand equals aggregate supply. Furthermore, improved infrastructure as a result of government spending attracts current and future investments, output growth and employment. Though deficits lead to economy stabilization, there have been concerns about the impact of deficit on national savings. According to Hyman (2010), the financing of deficits by the government from credit markets denies them savings thus inducing increases in interest rates and reduction in private investment hence unemployment and decline in standards of living. The government should thus engage in spending on areas that produce long-term effects such as investment in education to improve workers skills, building infrastructure to provide future employment among other initiatives. Movement from Short-run Equilibrium to the Long-run Equilibrium The short-run supply indicates the quantity of output produced or Real GDP in an economy at a given period. The relationship between the price level and quantity supplied is depicted by a short-run aggregate supply curve which is upward sloping due to a direct relationship between the two. The short-run supply is based on the assumption that wages are sticky and that there are misperceptions in the labor market. An increase in price level pushes real wages downwards and since quantity of labor supplied depends on real wages, labor supply declines leading to low output (Arnold, 2010). Workers often have misperceptions about real wages; if the nominal wages fall accompanied by same proportion of a fall in price level then there is no change in real wages but workers may believe that the real wage has fallen thus reduce demand for labor hence quantity of labor supplied falls as well as output. The equilibrium is reached when aggregate demand curve intersects with short-run aggregate supply. There are other factors that affect short-run supply other than prices. These include wage rates, price of nonlabor inputs, productivity and supply shocks (Arnold, 2010 p. 168). If wage rate increases (stop being sticky), the firm profits decline since the company had already set nominal wages based on constant wage level leading to decline in output or Real GDP as firms are unable to produce more with high costs. The same case applies to other factors of production such as capital and other inputs. This causes shift in short -run aggregate supply curve to the left. If productivity increases, output increases hence shifting the curve to the right. The intersection between aggregate demand (AD) curve and short-run aggregate supply( SRAS) curve determines the equilibrium price level and equilibrium Real GDP which is also determined by whether AD curve shifts more than SRAS curve or vice versa. When the â€Å"

Social Media Coordinator Research Paper Example | Topics and Well Written Essays - 1750 words

Social Media Coordinator - Research Paper Example Life after school and getting a job require a long list of interviews from HR supervisor to AVP of the company. More exams and trainings are required before you get the post. But if we can observe how things go this time, we can see that more jobs that are being offered are focusing on online and customer satisfaction. With the people spending most of their time checking their sites online every day, what’s better to do than to develop customer satisfaction and increase revenue via advanced campaign methods by the use of the powerful internet? Social media coordinator is one of the most popular jobs in the world today. This job is responsible for day-to-day execution of corporate social media campaigns. What can be more fun than to recommend, build and execute campaigns for Twitter, You Tube and other social media channels as required? Isn’t it fun to be responsible for blogger engagement, including conferences and maintaining relationships? These are just some of the m any but fun responsibilities of a social media coordinator (jobs.mashable.com, Social Media Coordinator). The Industry From the previous paragraphs alone, the frequent use of the words ‘online’ and ‘internet’ should be noted. ... Government Of course, it goes without saying that different parties would have different perceptions and preconceptions as to the use of the internet as the main form of social media. For instance, an article by Abdulrahim (2010) of the LA Times talks of former Orange County Sheriff Michael Carona, who felt that the print and electronic media that served as his downfall failed to take into account the positive things he had done for his area of responsibility. More than that, however, the ex-Sheriff also brought to light the lesser-known problems associated with social media that had been causing chaos all over California. The problem, as noted by the article, is that laws need be kept up-to-date as technology continues to advance, lest there be loopholes that more unscrupulous parties can exploit. Among the policies said to help would be the discouragement of hyperlinks and attacks on specific groups, as well as employing a social media coordinator in charge of screening and filteri ng content before publishing it. In short, it would be safe to say that the government is fully cognizant of the benefits and setbacks inherent to social media – which is why rules need to be made and adhered to in order to minimize the risks of it being abused. International Community and the Internet First and foremost, it should be noted that the main reason there are ramifications from the international community at all, is precisely because of the internet’s ability to connect people and enable communication, all irregardless of location or distance. While it is true that TV allows shows and ads to be broadcasted globally, the fact that it only allows messages to travel one way means that it is not