Inflation, Disinflation and Deflation Essay Example | Topics and Well Written Essays - 3250 words

Inflation, Disinflation and Deflation - Essay Example It is usually seen when the prices of products within the economy deep from their current levels to much lower levels over time. Disinflation occurs within the economy only for a short time, and it takes place especially when an economy is undergoing a recession. Deflation is the decrease which takes place in the cost of products, when the rate of inflation goes below zero percent. Its greatest effect is that, over time, it increases the value of the currency being used within the economy. This ensures that one is able to buy more products with the same amount of money which they had when inflation was taking place. These three aspects of the economy are extremely powerful in determining how it is working, whether it is doing well or not. Furthermore, the central banks use the measurements of these aspects in order to determine what their fiscal policies are going to be. Inflation can be termed as the gradual rise, over a certain period, of the cost of products in a financial system (Hartwig 23). In addition, when inflation takes place, it is always found that the value of the currency used in a particular economy also decreases. This is because the money available in the economy is able to purchase a limited number of products when compared to the previous period. All the countries in the world whose economies are connected to money have a way of finding out the inflation rate of their currency. Every year, the percentage of inflation is calculated and the result is often used in the planning of the budget for the forthcoming year. Inflation has a massive effect on how the economy works, and this effect is sometimes positive, or negative, depending on the situation. One of the negative effects of inflation is that it becomes extremely risky to hold onto large sums of the currency, which is undergoing inflation, because one does not

Case study of The United Arab Emirates youths (UAEU) between modernity Essay

Case study of The United Arab Emirates youths (UAEU) between modernity and traditionalism - Essay Example To determine the available opportunities for young UAE nationals for the sole purpose of the implementation of processes that aim to replace the expatriate workforce with UAE nationals it is critical to determine their priorities in terms of religious and cognitive values. This is, as a matter of fact, what this study aims to do. 3- What was / were the methods used? The methodology of the study comprised the use of a questionnaire to conduct the research. An instrument of value structure was used to measure the values among UAEU students. Scores of each item took 0 and 3, where a score of 0 represented no choice and higher grades would indicate more choice. The numbers of items used were 60 pairs and they were used to measure individual differences on this instrument. 4- How large was the sample? The sample consisted of 595 students all of who were from UAEU. The selection process for these students was random and approximately 59 percent of them were female students, while the rest were male. Furthermore 81 percent of them were less than 25 years old and 84 percent of them were UAE nationals. 5- Interpretation: what were the results? The results of the study were relatively straightforward. The first priority amongst domains for a UAE national was that of religion; aspects of praying, believing, Quran reading and charity ranking the highest. The second priority was the cognitive domain which comprised of aspects of culture, success and aspiration ranked the most. The political domain came in as the third priority. With nationality, unity and freedom ranked at the top. The forth priority was the aesthetic domain. The students held aspects of elegancy as the most important value in this domain. The Social domain came next with obedience, friendship and forgiveness given the most rating. And the last domain was that of economic values, with productivity being the first priority for the UAEU students. 6- Synthesis: what were the conclusions? As an overall conclusi on of the research paper which evaluates the social values of a UAEU national through the use of a questionnaire the results produced indicate that religious and cognitive values were prioritized by the respondents In order to explore the importance of these socio-demographic factors in explaining the variation of values, multiple regression was used. The results of which display that gender, income, family size and father’s education explain about (11 percent) of social values variation and citizenship, GPA, gender variables explain about (8 percent) of religious values variation. Hence showing that gender, income levels, family size and father’s occupation were the most important factors in?uencing values. 7- Evaluate: how valid do you think the research was? The validity of a research hinges on the fact whether it measures what it sets out to. Looking at the objectives of this study what its sole aim is to appraise the values held by the United Arab Emirates Univers ity students and to assess the influence of socio-demographic factors on their values. That being said once we analyze the methodology, sample and the produced results we can effectively conclude that the research is credible in its findings and hence valid. 8- Evaluate: What is your response to the result? What has it contributed to your understanding? After going through the results I have come to the realization that the priorities of a UAE national hinge more towards the traditional side than the modern. With factors such