Wednesday, February 19, 2020

Keynesian Aggregate Expenditure Model Essay Example | Topics and Well Written Essays - 250 words

Keynesian Aggregate Expenditure Model - Essay Example Some aspects of the aggregate demand tend to be stable and alter at a slow pace at any time (Pass & Lowes 8). Other aspects of aggregate demand like Investment expenditure tend to be volatile and change at a short notice, thereby influencing the level of economic activity in a country (Pass & Lowes 8). It is the level of interaction of the aggregate demand with aggregate supply in an economy that determines the equilibrium level of national income (Pass & Lowes 8). A government can resort to fiscal and monetary measures to regulate the aggregate demand in a country to tackle problems like unemployment and inflation. These fiscal and monetary measures may include making investments in large public projects, increasing government spending and purchases, lowering the tax rates, extending loans and lowering interest rates. Increased government spending gives way to the multiplier effect as per which a little increase in the rate of spending results in a more than proportionate rise in th e national income (Pass & Lowes 366). The logic behind the multiplier effect is that though the increase in the rate of spending is small, the multiple numbers of transactions owing to that increase stimulate the economy (Pass & Lowes 366).

Tuesday, February 4, 2020

The Rise of the Soloist documentary from MyMusicLab Term Paper

The Rise of the Soloist documentary from MyMusicLab - Term Paper Example Rarely in popular music does one see a group performing without highlighting the work of one performer. Most often, the vocalist drives the music, expressing himself through the lyrics and the sound. As well, one can see the break away of the drum, guitar, or bass soloist as they create an interlude between the verses. If one thinks about it, most music is now created from the advent of this rise in popularity of solo performers. The many pieces from the period reflect this shift, but the way in which most music is created in modern popularity has the soloist focus so that the emotional content is given to the audience through focus on one person. The instrumental background becomes secondary to the focus that the audience puts on the work of the soloist. After all, when Elvis hit the stage, who was cheering for the band? In many ways, this shift in focus could signify the single most significant change that influenced modern music. Creating expressive music through the use of the point of view of one individual is the core of the modern sound. While a soloist was not new, the idea of a freely emotional expression from a single person did seem to form during this time. Period. The use of the voice, or any other instrument, as a focal point that set the tone, mood, and tempo, slowing and speeding up as his or her interpretation allowed has allowed the audience to go on the journey that the soloist creates. This journey is a far more personal event with the freedoms that were discovered in the Baroque