y = sin (.5x). The coefficient b in the above graph is 2, so the period of the sine curve changed by a factor of 1/2, making the new period Ï, or about 3.14. y = sin (.5x). For the above graph, the coefficient b = 1/2, so the period of the sine curve will be twice as long as it usually is, or 4 Ï. y = sin (3x).
The term silent revolution refers here to a shift in the prevailing paradigm for international economic and political relations, away from tendencies toward autarky, insularity, mercantilism, and governmental planning and control over economic activity; and toward a common set of beliefs and policies based on open international trade and finance, competitive pricing and production decisions, and cooperation between countries.
LEARNING OBJECTIVES. A. When an economy is closed then (1) aggregate spending must equal domestic production, and (2) national saving must equal domestic investment. B. When the economy is open, these conditions do not have to hold.a. Aggregate spending does not have to equal domestic production in each period.II. Relation between Saving, Investment, foreign trade, and foreign lending. Case 1. In a Small Open Economy. A. Small open economy: an economy which its saving/investment activities have no effect on the world real interest rate. 1. World real interest rate (rw) is determined in the international financial market. 2.