Interest rates are amounts charged by lenders to borrowers as fees on borrowed assets. The interest rate is the price an individual pays for the use of money they have borrowed; it can be thought of as an economic rent. When a person deposits money in a bank, they receive interest as a percentage of the total amount deposited. Similarly, when an individual borrows money, they pay interest to the lender as a percentage of the total money they owe the lender. The percentage of the principal amount paid as a fee over a given period is the interest rate. Interest rates are macroeconomic variables ...
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Demand-side Policies’
Executive Summary
Initially a brief background of the devastating financial downfall of 2008 will be provided. This paper will then investigate the demand side polices before and after the recession. In the end some policy recommendations will be provided in order to improve the current financial situation and eradicate the economic cavities still left after the economic depression of 2008.
Introduction
The worldwide depression of 2008–09 was unexpected, stern, and gradual. During the time former to September 2008, the housing and financial segments in the United States and numerous European nations faced gradual negative consequences. Throughout this phase, there ...
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Introduction
In the 21st century, two facts will pose significant threats to the global economy. One, the demand for energy across the globe will grow by at least 50 percent by 2030, and the use of non-renewable energy sources will continue to be the main source of energy, supplying 86 percent of global demand. Alberta, Canada is in a prime position to capture a major part of the global energy demand market. Located in the western part of Canada, Alberta is second only to Saudi Arabia in identified energy reserves among the global market players.
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Introduction
India, a country located in the South Asia has a population of over 1.2 billion people making it the world’s largest democracy. The population makes the country the second most populous county after China. By area, India is the seventh largest country. The Indian Ocean boarders India on the South, while on the southwest, there is the Arabian Sea. The Bengal Bay is on the southeast of India (Evans, 2011). The country shares boarders with China, Bhutan, Pakistan, Nepal, Bangladesh and Burma. In addition, Indonesia and Thailand share a maritime boarder with India’s Nicobar and Andaman Islands (Reagan, 2013).
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