Relationship Between Inflation and Unemployment :: Economics

Inflation and unemployment are two key elements when evaluating a whole economy and it is also easy to get those figures from National Bureau of Statistics when you want to evaluate it. However, the relationship between them is a controversial topic, which has been debated by economists for decades. From some famous economists such as Paul Samuelson, Milton Freidman etc to some infamous economists, this topic received a lot of attention. However, it is this debate that makes the thinking about it evolve. In this essay, the controversial topic will be discussed by viewing different economists’ opinions on that according to time sequencing. But before started, it is worthy getting a better understanding of the terms, inflation and unemployment. Inflation refers to an increase in overall level of prices within an economy. In simple words, it means you have to pay more money to get the same amount of goods or services as you acquired before. By contrast, the term unemployment is easier to understand. Generally, it refers to those people who are available for work but do not find a work. And unemployment rate, which is the percentage of the labour force that is unemployed, is usually used to measure unemployment (Mankiw 1992). The debate of the relationship between inflation and unemployment is mainly based on the famous â€Å"Phillips Curve†. This curve was first discovered by a New Zealand born economist called Allan William Phillips. In 1958, A. W. Phillips published an article â€Å"The relationship between unemployment and the rate of change of money wages in the United Kingdom, 1861-1957†, in which he showed a negative correlation between inflation and unemployment (Phillips 1958). As shown in figure 1, when unemployment rate is low, the inflation rate tends to be high, and when unemployment is high, the inflation rate tends to be low, even to be negative. Figure 1 Phillips Curve Two years later, economists Paul Samuelson and Robert Solow, who are the most infusive representatives of Keynesian School, also published an article, showing the same negative correlation between inflation and unemployment, based on the United States’ economic data (Samuelson and Solow 1960).

Man and a Woman: A Yin and Yang

It’s still fresh in my memory the answer of 2008 Miss Universe Dayana Mendoza in her question â€Å"Does a man or a woman live and easier life? †- â€Å"actually there’s not much difference about how a woman or man lives but rather they differ on the way they think. Man thinks the easiest way to get to the point is to go straight. Woman, not exactly, they go through many curves and fixed it†. This answer is just one among the many answers on how to differentiate a man between women. In the field of hard sciences, the difference between a man and a woman is far way varied.It is usually differentiated through sex or the possession of certain organs and hormones that make them unique. Man or male is characterized by possessing the male genitalia which composed of the testicles, the penile gland and of course Adams apple. Women or female is otherwise characterized by the possession of uterus, ovary, and vagina. In terms of the Hippocratic eye, there are differ ent hormones and chromosomes that discriminates both sexes- chromosome XY for male and XX for female (York 2008).In the society, one can easily differentiate a man from a woman by the way they act, they dress and they appear in public. A man usually is short haired contented with t-shirts and pants or tuxedo for the elite while women are often long haired, fond of having fancy dresses with playful colors and distinguished by their high pitched voices as contrast to male with a distinguishable baritone voice. During the olden times, in terms of gender and socialization, a masculine is usually viewed to be brave, aggressive, and bread winner while a feminine is usually calm, conservative, and responsible in child rearing.Tracing the history, women in the olden days are considered as one among the lower society wherein they are not allowed to vote and their only profession is to become a plain housewife. In the ancient times in Asia and Europe, women are often the subjects of slavery. In Japan, once a woman has been married to a man, she no longer free. Her work is just centered on family rearing and farewell assistance to the husband. The only way to escape from the marriage is to commit hara-kiri or the virtue of killing themselves.In the Philippines during the sultanate period, only the son of the king or sultan can inherit the land and women are just for marriage rites and are just means to procreate through pregnancy. The worst thing is that they are not allowed to rule the land. In contrast, Egypt is known to have women rulers before man became the ruler. One good example is Cleopatra who ruled the ancient Egypt and who have man as subordinates (timemagazine. com 1972). But with the rise of industrial revolution, feminists became more gender sensitive and gender equality had been on the rise.Now, there had been widespread gender stereotyping such as female police enforcers, pilots, soldiers, and the existence of working moms and even female engineers. In ad dition, there is an increase of women politicians and rulers and believe it or not that the Philippines being a democratic republic had some sort of girl power because they had already to female presidents whom actually won through people power revolution. Tracing the history is likewise one way of differentiating man between women based on their family roles and social responsibility. The existence of pluralism in nature allowed varied responsibilities of a man and a woman.Delving deeper in differentiating man and women is through their matter of feelings. Men are thought to be pride and full of ego. Women are the exact opposite as they are more patient and unruffled. Usually in a family a woman/wife is usually the mother of all chores in the house doing all the laundry, cleaning, and preparing food except if a there is a hired nanny, but still a nanny is a woman. On the other hand, those of the man usually sips coffee while reading the daily news and eats the breakfast and then go to work. Going back to the answer of Miss Universe 2008, it would be nice if we cite some examples.Man thinks that the easiest way to get through a point is to go straight. I might as well agree on that. When a man goes to off a particular thing in the department store, he goes exactly to the rack or place where it is located, grabs it and pays it over the counter immediately. Women don’t, they actually took many more time visiting every lane of the shop and fit all things that she thinks it’s nice for her and grabs unnecessary things forgetting what to buy. This only means that man is more straightforward on everything. When he wants an answer, he wants it immediately. When he takes orders in a restaurant, he wants it in a brisk.Women are more patient and complicated, they are the ones who usually start the husband-wife fight because of their hasty tongue who usually nags and nags until both of them gets pissed off. Among all of these opposite characters, I still vie w man as being a yin and a yang, a perfect opposite but a perfect combination. Every imperfection of a man can be complemented by a woman and every woman’s flaw is complemented by a man. That is why there is the existence of marriage, to unite both the ideals of a man and a woman and to live together as one body and being separate entities.A man and a woman are created complementary to work and help each other. Each sex/gender represents a function in a society. There has been a saying that â€Å"No man is an island†. Truly no man is alone because there is the existence of a woman. Every human beings life is like a puzzle, it will only be completed when the remaining pieces are there. A woman therefore is never complete without a man, which maybe her father or her lover. Likewise a man is never complete without there woman, which is his mother and his lover.

Loftus and Palmer Evaluation Essay

The Loftus and Palmer study is a laboratory experiment. This means that the study is artificial. The artificiality of the setting can intimidate participants or make them more obedient. This in turn can produce unnatural behavior and results that do not generalize to real life. This can be seen in experiment 2 when 12% of the control group reported seeing broken glass even though they were unaffected by the verb. This could be attributed to the leading question or to demand characteristics when participants look for cues as to what the research is about and behave accordingly, perhaps to please the researcher, especially as the participants in this case are students that may even be familiar with the researcher as they are from the same environment. In a nutshell, due to the nature of the experiment, it lacks ecological validity. In a real life situation there would be an element of surprise and an increase in emotion. Basically the eye-witness would be in some way involved, which is not the case while watching the video the eye-witness is not part of the event. Furthermore, an eye-witness in a real life situation may discuss the event with other people which may alter their memory of the event. Lastly, an eye-witness may think more carefully about giving an answer when in a real life situation when they realize that their answer could judge how innocent or guilty a person is, they may hesitate and realize the importance, although when taking part in a study they may just give an answer without as much thought. The participants were students meaning that the researchers used an opportunity sample. This means that all the participants share certain common characteristics and are not representative of society, these may include age, driving experience and educational background. If the study used a random sample the results could be generalized. This study was very useful because it introduced the notion of reconstructive hypothesis and that eye-witness testimony isnt’t reliable. This study, and studies similar to it, have led to changes nowadays as to how the police question and use the information given by witnesses. Certain other details that could also have influenced the participants answers include: the colour or make of the car; the driver; the ability to estimate speed.

Mannerismâ€Art After the High Renaissance

Mannerism- Art After the High Renaissance After the High Renaissance in Italy, many wondered just where art was heading next. The answer? Mannerism. The new style first popped up in Florence and Rome, then the rest of Italy and, eventually, all over Europe. Mannerism, a phrase coined in the 20th century, is what happened artistically during the Late Renaissance (otherwise known as the years between Raphaels death and the beginning of the Baroque phase in 1600). Mannerism also represents Renaissance art going out, as they say, not with a bang but, rather, a (relative) whimper. The High Renaissance was, of course, astonishing. It represented a peak, a height, a veritable zenith (if you will) of artistic genius that surely must have owed something to a favorable zodiac. In fact, the only downside to the whole business was, with the Big Three Names diminished to one (Michelangelo) after 1520, where was art to go? It almost seemed as if art itself said Oh, what the hey. We could never top the High Renaissance, so why bother? Hence, Mannerism. Its not fair, though, to completely blame art for its loss of momentum after the High Renaissance. There were, as there always are, mitigating factors. For example, Rome was sacked in 1527, taken over by the armies of Charles V. Charles (who had previously just been Charles I, King of Spain) had himself crowned as Holy Roman Emperor and got to control things in most of Europe and the New World. By all accounts, he was not particularly interested in sponsoring art or artists- especially not Italian artists. Neither was he enamored with the idea of the independent city-states of Italy, and most of them lost their independent status. Additionally, a troublemaker named Martin Luther had been stirring things up in Germany, and the spread of his radical preaching was causing many to question the authority of the Church. The Church, of course, found this absolutely intolerable. Its response to the Reformation was to launch the Counter Reformation, a joyless, restrictive authoritative movement which had a zero-tolerance policy toward Renaissance innovations (among many, many other things). So here was poor art, deprived of most of its genius, patrons, and freedom. If Mannerism seems a bit half-posteriored to us now, it was honestly about the best that could be expected under the circumstances. Characteristics of Mannerism On the plus side, artists had gained lots of technical knowledge during the Renaissance (such as the use of oil paints and perspective) which would never again be lost to a dark age. Another new development at this time was rudimentary archaeology. The Mannerist artists now had actual works, from antiquity, to study. No longer did they need to use their respective imagination when it came to Classical stylization. That said, they (the Mannerist artists) almost seemed determined to use their powers for evil. Where High Renaissance art was natural, graceful, balanced and harmonious, the art of Mannerism was quite different. While technically masterful, Mannerist compositions were full of clashing colors, disquieting figures with abnormally elongated limbs (often torturous-looking), emotion and bizarre themes that combined Classicism, Christianity, and mythology. The nude, which had been rediscovered during the Early Renaissance, was still present during the Late but, heavens- the poses in which it found itself! Leaving compositional instability out of the picture (pun intended), no human could have maintained positions such as those depicted- clothed or otherwise. Landscapes suffered a similar fate. If the sky in any given scene wasnt a menacing color, it was filled with flying animals, malevolent putti, Grecian columns, or some other unnecessary busy-ness. Or all of the above. Whatever Happened to Michelangelo? Michelangelo, as things turned out, segued nicely into Mannerism. He was flexible, making transitions with his art that dovetailed with the transitions in all of those successive Popes who commissioned his work. Michelangelo had always had a tendency toward the dramatic and emotive in his art, as well as a sort of carelessness toward the human element in his human figures. It probably shouldnt have been surprising, then, to find that restorations of his works in the Sistine Chapel (the ceiling and Last Judgement frescoes) uncovered his use of a rather loud palette of colors. How Long Did the Late Renaissance Last? Depending on whos doing the figuring, Mannerism was en vogue around 80 years (give or take a decade or two). Though it lasted at least twice as long as the High Renaissance, the Late Renaissance got shoved aside, by the Baroque period, fairly quickly (as history goes). Which was a good thing, indeed, for those who are not great lovers of Mannerism- even though it was so distinct from High Renaissance art that it deserves its own name.

Qualifications to Become a Member of the Roman Senate

Qualifications to Become a Member of the Roman Senate In historical fiction members of the Roman Senate or young men who dodge their civic responsibilities but who are senatorial material are rich. Did they have to be? Were there property or other qualifications to become a member of the Roman Senate? The answer to this question is one that I need to repeat more often: Ancient Roman history spanned two millennia and over that time, things changed. Several modern historical fiction mystery writers, like David Wishart, are dealing with the early part of the Imperial Period, known as the Principate. Property Requirements Augustus instituted a property requirement for senators. The sum he set it at was, at first, 400,000 sesterces, but then he raised the requirement to 1,200,000 sesterces. Men who needed help meeting this requirement were at this time given grants. Should they mismanage their funds, they were expected to step down. Prior to Augustus, however, the selection of senators was in the hands of the censors and before the institution of the office of censor, selection was by the people, kings, consuls, or consular tribunes. The senators selected were from the wealthy, and generally from those who had already held a position as magistrate. In the period of the Roman Republic, there were 300 senators, but then Sulla increased their number to 600. Although the tribes selected the original men to fill the added ranks, Sulla increased the magistracies so there would be ex-magistrates in the future to warm the senate benches. Number of Senators When there was a surplus, censors trimmed the excess. Under Julius Caesar and the triumvirs, the number of senators increased, but Augustus brought the number back down to Sullan levels. By the third century A.D. the number may have reached 800-900. Age Requirement Augustus appears to have changed the age at which one could become senator, reducing it from perhaps 32 to 25. Roman Senate References Seating Space in the Roman Senate and the Senatores PedariiLily Ross Taylor and Russell T. ScottTransactions and Proceedings of the American Philological Association Vol. 100, (1969), pp. 529-582A Dictionary of Greek and Roman Antiquities, by Sir William SmithA Summary of the Roman Civil Law, by Patrick Mac Chombaich de Colquhoun

Ismg 4 Essay Example | Topics and Well Written Essays - 500 words

Ismg 4 - Essay Example The question whether IT systems is an expense or an asset depends on the business being operated (Austin, Nolan and ODonnell 49). Some businesses need IT systems to help them in running their operations. However, some businesses can do well without IT systems. If IT systems lead to the high cost of a business, then the business should consider the systems as expenses (Austin, Nolan and ODonnell 50). However, if an IT system brings more profit to a firm than when it lacks the system, then the firm should consider the system as an asset. The purpose of cost allocation is to offer relief to shared services in an organization (Austin, Nolan and ODonnell 50). Allocating cost is similar to spreading the cost amongst those who use it. Firms allocate costs in order to assign accountability of those who use the cost, either a single department or numerous departments in the company. For instance, a firm, which offers complex IT systems, can allocate duty to various departments to people who have specialized in specific fields of IT. IT departments should have full control of spending with regards to IT systems. This is because every field of occupation knows best the cost of running their business (Austin, Nolan and ODonnell 51). IT departments should have their own system of administration separate from the whole company. This will enable the department to spend what is appropriate regarding their activities. It will also enable the department to avoid any financial hitches that might face the entire company since they control their own funds (Austin, Nolan and ODonnell 51). However, this is not to mean that the company should not monitor the spending of the department. The overall management should monitor the spending of the IT department to ensure that their spending is in line with the company’s objectives. There should be a percentage cost that an IT department can spend on the maintenance of their IT systems, and this should

Events that change Nations - P4-db Essay Example | Topics and Well Written Essays - 500 words

Events that change Nations - P4-db - Essay Example The lack of conflict and the breakdown of national economies that came in the aftermath of the First World War, forced nations to repair the damage and this is why economic science flourished. As a result, several economic models, theories and principles were introduced. I would cite two important developments that have contributed significantly to the course of modern history: the Keynesian economic tradition; and, the emergence of postwar globalization. The events in 1920s and 1930s such as the high postwar inflation rates, the instability of stock prices, unemployment, tariff dynamics, and so forth occupied John Maynard Keynes and shaped his economic ideas. Keynes was involved in the major events of his time and would be pivotal in the development of modern economic thought afterwards. According to Alan Meltzer (1988), today, if one looks back and examine Keynes works, he or she would be struck by the labored arguments and definitions that are very much applicable today. (p. 18) In reading his works, for instance, we are able to see how Keynes predicted problems, failures, and impending disasters including the possible solutions for governments. The realizations of Keynes’ predictions influenced the modern economic thought and, certainly, his reputation so much so that governments used his ideas to guide their economic policies today. One could see this in the recent policies of British Prime Minister Gordon Brown and US Pr esident Barack Obama in their strategies to rescue their respective economies from current global financial crisis. The second important development during the 1920s and the 1930s was the emergence of globalization. During this period, traces of globalization started to emerge as countries started the initiatives to enforce tariff truce as well as agreement that would regulate quotas and other restrictions. When the Reciprocal Trade Agreements Act of 1934 or Tasca 1934 was enacted by several European