Free Essays on Inflation

Inflation Inflation, can our economy grow without it? What is inflation? The definition of inflation is â€Å"an abnormal increase in available currency and credit beyond the proportion of available goods.† Although, Webster’s is considered by most to be the overall best dictionary, WordNet states the meaning of inflation a lot clearer by saying, â€Å"it’s a general and progressive increase in prices.† It occurs when the value of goods rises faster than the value of money. The usual approximate measure of this is the Consumer Price Index, which weigh the prices of different goods according to importance in a typical budget and then shows how much the prices of these goods have increased. This immediately raises some problems; for example, the weight of the goods must change over time. The importance of computers was not measured in the price index 100 years ago. Another problem is the failure of the price index to capture changes in quality. The quality of a good may have improved by 20%, while the price has only risen by 10%. The consumer price index doesn’t feel this should be a factor, but many would disagree. Hence, inflation is not easy to define in practice. This should be kept in mind when discussing how to defeat inflation. There have been numerous theories on how to defeat inflation and even some theories on whether, or not, it should be defeated at all. Some say that inflation is not only expected, but also often, needed. Economists believe that in order for the economy to expand and grow, there has to be some level of inflation. Therefore, the opposite holds true as well. If you want to lower inflation, you have to accept a semi-standard economy. They call this tradeoff the Phillips Curve. The Phillips Curve is thought to be the â€Å"proper† way of balancing economic growth and inflation. For this reason the Federal Reserve is always looking for the perfect equilibrium at which we can maximize our economic growth wh i... Free Essays on Inflation Free Essays on Inflation Inflation Inflation, can our economy grow without it? What is inflation? The definition of inflation is â€Å"an abnormal increase in available currency and credit beyond the proportion of available goods.† Although, Webster’s is considered by most to be the overall best dictionary, WordNet states the meaning of inflation a lot clearer by saying, â€Å"it’s a general and progressive increase in prices.† It occurs when the value of goods rises faster than the value of money. The usual approximate measure of this is the Consumer Price Index, which weigh the prices of different goods according to importance in a typical budget and then shows how much the prices of these goods have increased. This immediately raises some problems; for example, the weight of the goods must change over time. The importance of computers was not measured in the price index 100 years ago. Another problem is the failure of the price index to capture changes in quality. The quality of a good may have improved by 20%, while the price has only risen by 10%. The consumer price index doesn’t feel this should be a factor, but many would disagree. Hence, inflation is not easy to define in practice. This should be kept in mind when discussing how to defeat inflation. There have been numerous theories on how to defeat inflation and even some theories on whether, or not, it should be defeated at all. Some say that inflation is not only expected, but also often, needed. Economists believe that in order for the economy to expand and grow, there has to be some level of inflation. Therefore, the opposite holds true as well. If you want to lower inflation, you have to accept a semi-standard economy. They call this tradeoff the Phillips Curve. The Phillips Curve is thought to be the â€Å"proper† way of balancing economic growth and inflation. For this reason the Federal Reserve is always looking for the perfect equilibrium at which we can maximize our economic growth wh i...

APA Referencing †How to Cite a YouTube Video

APA Referencing – How to Cite a YouTube Video APA Referencing – How to Cite a YouTube Video Not that long ago, the idea of citing a YouTube video in an academic paper would have sent some old-fashioned college professors into fits of outrage about how young people don’t understand what proper research is all about (i.e., dusty old books). WHATS A YOUTUBE? I DONT LIKE CHANGE! These days, however, there’s no denying that YouTube and other online videos can be crucial academic sources in many subject areas. As such, knowing how to cite an online video source is increasingly useful. Herein, we look at how to do this with APA referencing. Citing a YouTube Video Citing an online video involves giving the uploader’s name and the year that the video was uploaded in parentheses. For instance, a video uploaded in 2016 by the cultural critic Anita Sarkeesian to her Feminist Frequency YouTube channel would be cited as follows: The trope of the sinister seductress is pervasive in video games (Sarkeesian, 2016). Here, we cite the â€Å"author† of the video because it’s hosted on her own channel. If you’re quoting part of a video directly, the citation should also include a time stamp: In the video, Nicky Clayton and Clive Wilkins discuss the â€Å"capacity to convey and understand ideas non-verbally† (TEDx Talks, 2013, 3:37). You’ll notice here that, despite the talk being by Nicky Clayton and Clive Wilkins, â€Å"TEDx Talks† is the name given in the citation. This is because the â€Å"TEDx Talks† channel hosts videos by numerous speakers, so Clayton and Wilkins are not the uploaders. Reference List As with other sources, full publication information should be included in the reference list for any online videos you cite in your work. For a YouTube video, this involves providing the following: Surname, Initials. [Screen name]. (year, month day). Title of video [Video file]. Retrieved from URL.com You’ll notice that this includes both a name and a screen name. This helps readers find the video when the uploader’s real name is different to their username. In the case of the Anita Sarkeesian video cited above, for example, you’d need to provide both: Sarkeesian, A. [Feminist Frequency]. (2016, September 28). Sinister seductress tropes vs women in video games [Video file].   Retrieved from https://www.youtube.com/watch?v=1oXzWzMqarU If a channel doesn’t provide the uploader’s real name, only the screen name is required: TEDx Talks. (2013, August 19). Conversation without words: Nicky Clayton Clive Wilkins at TEDxOxbridge [Video file].   Retrieved from https://www.youtube.com/watch?v=-iavquY2OFo It’s important to remember that the name you should cite in the main text of your work is the same one used to list the source alphabetically in the reference list.