Defining Interest Groups and Political Parties What is an Interest Group? an organized group of individuals who share common goals or objectives who attempt to influence policymakers in all three branches of government, and at all levels What is a political party?
The Common Law Tradition common law-judge made law that originated in England and was derived from prevailing customs precedent-a court ruling bearing on subsequent legal decisions in similar cases - emanates from stare decisis, or standing on decided cases
The guest cycle Guest transaction during a hotel stay determine the flow of business which can be divided into four stages pre-arrival---reservation 2.arrival registration 3. occupancy---occupancy services 4.departure-----check-out and histor
Interest-Rate Differentials Country risk&ex -rate- expectations Country risk Political upheaval default on loan repayments higher i-rate to compensate Ex-rate expectations expect RMB to appreciate loans in RMB can pay a lower i-rate
How the sr and lr differ In the Lr, prices are flexible and can respond to changes in S or D. In the Sr many prices are stuck at some predetermined level In the sr, monetary policy does have a potent effect on output and employment
Inflation, Unemployment, and the Phillips Curve Phillips Curve: relationship between inflation and unemployment A..Phillips (1958) \The relationship between unemployment and the rate of change of money wages in the united kingdom, 1861- 1957,\ Economica 25
