Expansionary Economic Policy Essay Example for Free

Expansionary Economic Policy Essay In economic terms, a recession is defined as a general slowdown in economic activity. In an effort to move the economy out of a recession, the government would implement expansionary economic policies. One action the government would take would include conducting expansionary fiscal policy. The other action taken would be conducting expansionary monetary policy. Both of these actions would have an effect on such things as money supply, interest rates, spending, aggregate demand, GDP, and employment. Expansionary fiscal policy consists of change in government expenditures, or taxes, in order in influence the level of economic activity, inflation, and economic growth (Amacher Pate, 2012). Expansionary fiscal policy is when taxes are cut and government spending is increased. Lower taxes will increase disposable income. The increase in disposable income will lead to higher levels of consumer spending. In theory the more money that consumers spend, the higher the chance for economic growth. Tax cuts will also lead to an increase in aggregate demand. Aggregate demand is the total demand for goods and services is the economy. As stated earlier, a tax cut will increase people’s disposable income therefore increasing the amount of money available for consumption. The increase in consumption would increase the demand for goods and services. This in turn increases GDP (gross domestic product). GDP is the value of the total output that the economy produces in a given time period (Amacher Pate, 2012). The higher the demand that there is for goods and services, the need for employees to produces these goods and services are needed. This increases employment. Lower tax cuts will also increase people’s incentive to work. With lower taxes comes more money to spend from their paychecks. There are arguments, from economists and politicians, regarding the effect tax cuts in fiscal policy will have on the economy. Some economists argue that the effect of future tax cuts will lead consumers to change their saving (David, 2008). Some economists feel that people will save the value of the tax cut that they receive today in order to pay those future taxes (David, 2008). Some politicians feel that tax cuts will have no effect because changes in private saving will offset changes in government saving. Tax cuts allow the government to increase spending on special programs and health care. The increased revenue allows a government to borrow less money or lower government debt. This will result in lower interest rates which are beneficial to everyone involved. What is important to look at though is what the increased spending by the government is going towards. Those against increased government spending say that the government spends foolishly. In order to stimulate the economy, the increased government spending needs to go towards those things that are beneficial to its citizens. An example of this would be if the unemployment rate is high and the government spends on hiring workers to fix the roads, this would help to decrease the high unemployment rate. According to a global poll taken in 2009, an average of three in five citizens (60%) supports the increased spending by the government to help stimulate the economy (Global Poll Shows Support for Increased Government Spending and Regulation, 2009). Strongest support is for investments such as renewable energy, green technology, and giving financial support for troubled industries and companies. Expansionary monetary policy is when a central bank, for example the Federal Reserve Bank (the Fed), uses its tools to stimulate the economy. Often times this means lowering the Fed funds rate in order to increase the money supply. What this does is it increases liquidity which gives the banks more money to lend. The result of this would be lower interest rates. The Fed’s use three tools when conducting monetary policy; open market operations, the discount rate, and reserve requirements (How the Fed Guides Monetary Policy, 2011). The most common tool used is the open market operations tool. This is used to buy or sell government bonds on the open market. It is used to manipulate the short term interest rate and the supply of base money in an economy. The discount rate is the interest rate a Reserve Bank charges eligible financial institutions to borrow funds on a short term basis (How the Fed Guides Monetary Policy, 2011). A higher discount rate can indicate a more restrictive policy, while a lower rate can be used to signal a more expansive policy (How the Fed Guides Monetary Policy, 2011). All financial institutions, whether or not they are members of the Federal Reserve System, must set aside a percentage of their deposits as reserves to be held either as cash or as reserve account balances. The Federal Reserve sets these requirements for all commercial banks, savings banks, savings and loans, credit unions, and U. S. branches and agencies of foreign banks (How the Fed Guides Monetary Policy, 2011). This tool is the least common used of the three. There are two kinds of assets that banks can count toward meeting the required reserve. The first is valued cash such as currency and coins. The second, and largest, consists of funds the bank has on deposit with its direct Reserve Bank (Amacher Pate, 2012). A change in the reserve ratio is rarely made and when a change is made it usually is in small amounts. A reduction in the ratio usually has a double impact on the money supply. First, it converts some required reserves into excess reserves. Second, it increases the size of the deposit multiplier (Amacher Pate, 2012). An increase in the reserve ratio works in the opposite way. The interest rate the Fed charges a bank is the discount rate (Amacher Pate, 2012). The higher the rate, the less likely banks are to borrow. The discount rate acts more as a function than a tool in monetary policy. An increase in the discount rate indicates to banks that the Fed wants cool down the economy by reducing bank lending. An increase indicates the Fed’s desire to stimulate the economy. The Fed most likely would increase the discount rate when conducting monetary policy because by doing so, it would keep banks from using this source before turning to other less expensive alternatives. Whether or not the Fed wants to buy or sell government securities depends on this; whether or not they want the funds rate to rise or fall. If the fed wants the funds rate to fall, it will buy government securities from a bank. What happens is that the Fed then pays for securities by increasing the bank’s reserves (frbsf. org, 2011). The banks will then have more reserves than it wants. Then the Fed can lend these unwanted reserves to another bank. If the Fed wants the funds rate to rise, then the opposite will happen. It will sell the government securities. The fed receives payment in reserves from the banks, which will lower the supply of reserves in the banking system (frbsf. org, 2011). To tighten money and credit in the economy, the Federal Open market Committee (FOMC), directs the New York trading desk to sell government securities, collecting payments from banks by reducing their reserve accounts. With less money in these reserve accounts, banks will have less money to lend, interest rates will increase and consumer spending will decrease. This will have a negative effect on the economy. Some may argue that there can be too much expansionary monetary policy. If the Fed stimulates the economy too much, that could trigger inflation. Inflation is when prices rise above the 2 inflation target that the Fed has set. What happens is that consumers will start buying immediately in order to avoid higher prices in the future. This raises the demand which will cause businesses to have to hire more workers to produce the product. The additional income will allow consumers to spend more which in turn will stimulate more demand. This will cause businesses to start raising prices because they know that they will not be able to produce enough. They will also raise prices because they know that their costs will rise as well. This is what will cause an increase in inflation. During a recession, the government will implement expansionary economic policies. One type of policy conducted is fiscal policy. This policy consists of changes in taxes and government spending in order to stimulate the economy. The other is monetary policy, which is when a central bank, such as the Fed, uses tools to stimulate the economy. Both of these policies have been and will be used in the future to stabilize the economy.

Paresthesia Case Study: Diagnosis and Management

Paresthesia Case Study: Diagnosis and Management ABSTRACT Parasthesia is defined as a sensory disturbance with clinical manifestations such as burning, prickling, tingling, numbness, itching or any deviation from normal sensation1. Paresthesia of the inferior alveolar nerve can occur during various dental Procedures like local anesthetic injections, third molar surgery, orthognathic surgery, Ablative surgery, Implants, and endodontics. This case report highlights a commonly occurring and often reported problem of Paresthesia involving the Mental Nerve during endodontic treatment. Most of the previous case reports have used radiographs for the diagnosis and management of these cases. Since the radiographic image is a 2 dimensional image it has its limitation while a 3 dimensional imaging modality like a cone beam computed tomography (CBCT) provides the clinician with additional information which can be critical in the management of cases. The exact 3 dimensional location of the mental foramen in relation to the apex of the concerned tooth ca n be confirmed using CBCT scans, helping make more informed diagnosis and treatment plans. This case was successfully managed using CBCT images for guidance during the root canal treatment. INTRODUCTION Parasthesia is defined as a sensory disturbance with clinical manifestations such as burning, prickling, tingling, numbness, itching or any deviation from normal sensation1. Paresthesia of the Inferior Alveolar Nerve and its branches can occur during various dental Procedures like Local Anesthetic Injections, Third Molar Surgery, Orthognathic Surgery, Ablative Surgery, Implants, and Endodontics2, 3. Damage to vital structures in the head and neck area during dental treatment is always a vexing prospect for the clinician. During Endodontic Treatment precautions have to be taken against this, as there is a possibility of injury to a vital structure with the instruments or chemicals being used and also a chance of depositing infected material with their byproducts from the tooth into these areas causing a subsequent immunological response from the body. Today we are able to use 3 Dimensional imaging to locate and respond to such situations much more precisely than ever before4,5.This case highlights a commonly occurring and often reported problem of Paresthesia involving the Mental Nerve during endodontic treatment6.7 which was managed using a CBCT to offer the patient a predictable treatment. Most of the previous case reports have used OPG’S and Intra oral periapical radiographs for the diagnosis and management of these cases. Since these are 2 dimensional imaging technique s they have their limitations. Cone Beam Computed Tomography (CBCT) is 3 dimensional imaging modality which provides the clinician with additional information which can prove to be critical in the management of such cases. CASE REPORT A 32 Year old female patient was referred to the Department of Conservative Dentistry with the chief complaint of a dislodged temporary restoration in a tooth undergoing endodontic treatment at a private dental clinic. Patient gave a history of Root canal treatment having been started 2 weeks back. Clinical Examination revealed an exposed access opening and extreme tenderness to percussion. Radiographic evaluation confirmed the history presented by the patient (Fig 1). A differential diagnosis of Periapical granuloma/ Periapical Abscess was recorded and the patient was advised to complete the Root canal treatment. In the first appointment the access opening was refined under local anaesthesia and the pulp tissue remnants were extirpated using a barbed broach followed by temporistion.The patient was recalled after 4 days for Root canal instrumentation. In the second appointment local anaesthesia was administered and working length determination was done using an apex locator (Propex 2,Dentsply) followed by confirmation with a radiograph (Fig 1). The working length was kept at 0.5mm short of the radiographic length of the tooth and the root canal instrumentation was carried out. Saline and Sodium Hypochlorite were used to copiously irrigate the root canal space and instrumentation was carried out with the Protaper Rotary system. The root canal was dried and the tooth was temporized for obturation in the following visit. On the next visit 7 days later the patient complained of Parasthesia of the lower lip from the date of the previous visit. On examination there was Parasthesia of the left half o f the lower lip and its distribution was consistent with the supply of the mental nerve (Fig 2). A close examination of the IOPA revealed the presence of the mental foramen directly below the apex of the treated premolar indicating possible deleterious effects of the previous procedure causing and periapical inflammation and subsequent damage to the mental nerve. A CBCT was taken to confirm the exact location of the mental foramen. The CBCT images confirmed the extreme close nature of the mental foramen to the apex of the treated premolar (Fig 3, 4). The distance between the apex of the premolar to the mental foramen was measured to be 0.4mm by using the CBCT software. Taking this into account the working length was reset at 1.5 mm short of the radiographic apex. The tooth was then instrumented to the new working length and the canals were irrigated with saline and sodium hypochlorite followed by drying using paper points. The patient was advised that the Parasthesia will gradually disappear and that the lip will regain normal sensation and was scheduled weekly recall appointments. The Parasthesia was still present at the one week recall appointment until the 6th week after which gradual normalization was observed. At end of two months the Parasthesia had completely disappeared and normal sensation had returned. Endodontic treatment was resumed keeping the new working length. The instrumentation was completed and the tooth was obturated using F3 (Protaper Dentsply) size gutta percha for apical fill and Obtura 2 with System B for back fill using continuous wave of condensation techniqueA one week follow up was done to confirm the absence of any recurrence of the Parasthesia following the obturation. Finally the tooth was restored with a No.1 size fiber post (Angelus Brazil) and crown was placed (Fig 5). DISCUSSION Dental radiographic evaluation is a fundamental tool for endodontic diagnosis. Conventional Intraoral Periapical radiographs are routinely employed during endodontic diagnosis to examine the tooth, identify the pathology and plan the treatment. However, a conventional radiograph is a two dimensional image of a three dimensional object and consequently has limitations. Numerous prior studies have demonstrated the effective use of CBCT in the assessment of complex endodontic cases .In cases where location of a vital structure such as the mental foramen or the Mandibular canal are concerned the 3 Dimensional imaging capabilities of a CBCT are invaluable. With CBCT and its advanced 3 D reconstruction software, it is possible precisely orient the teeth under treatment with the adjacent anatomic structures across a multitude of planes to get measurable values of distance, which help with the consequent predictable treatment plan. In situations of close proximity of a nerve to a tooth which is being endodontically treated various possibilities of damage to the nerve exist. Mechanical compression of the nerve, Damage to the nerve due to over instrumentation, Extrusion of necrotic debris and toxic metabolites from the root canal space, overfill or the passage of various endodontic materials (root canal irrigants, sealers, and paraformaldehyde containing pastes) into the vicinity of the nerve or its branches. In the present case the most probable cause of the Parasthesia could have been an acute exacerbation of the Periapical infection due to Extrusion of the necrotic debris from the root canal space into the mental foramen space and/or inadvertent direct mechanical compression of the nerve because of over instrumentation of the tooth during working length determination Direct peripheral nerve injury has been previously classified into three basic types: Neurapraxia, Axonotmesis and Neurotmesis 8. Neurapraxia occurs due to a slight compression of the nerve trunk resulting in a temporary conduction block. Neurapraxia of the inferior alveolar nerve or mental nerve will usually manifest as a Paresthesia or Dysaesthesia of the lip and chin region 9. Axonotmesis refers to the actual degeneration of the afferent fibers as a result of internal/external irritation resulting in anesthesia 10. Neurotmesis is the complete severing of the nerve trunk, resulting in permanent Paresthesia which can only be corrected by microsurgery and has a more guarded prognosis (8-10). The most likely form of injury in the present case seems to be Neurapraxia due to either periapical infection or direct injury by over-instrumentation/inadvertent passage of the root canal irrigant or both. The tooth responded well to conservative treatment, and upon completion of the debridement and disinfection of the root canal, the symptoms of periapical infection subsided and Paresthesia started to diminish. CONCLUSIONS The lower mandibular premolars very frequently are in close approximation to the Mental foramen and the Mandibular canal. The pre-operative radiograph does provide us with a 2 dimensional image but better more accurate location can be obtained using the CBCT whenever possible. Finally the best method to prevent any damage to the Mental Nerve is to locate it.

Adoph Hitler :: essays research papers

The young years: Adoph Hitler was born on April 20, 1889 and lived in south Austria. He left for high school at the age of twelve and did poorly and never did finish. In 1903, his father died when Hitler was only fourteen years old. In 1907, Hitler decided to leave for Vienna to attend the Academy School of Fine Arts. Due to his unsatisfactory drawings, Hitler failed to be accepted. Soon after that, he received a letter from his sister informing him of his mother’s illness, cancer. Hitler headed back home to stay with his mother until the end. His mother died in the year of 1907, and Hitler tried again at the Academy School of Fine Arts. He was, again, rejected due to severe competition of acceptance. Hitler sold his paintings on the streets in order to survive. In August 1914, Hitler volunteered for the army. Later in his army career he received two of the most honorable awards, the first class iron cross. A man told Hitler of a rumor stating the Bavarian government is going to break away from Germany and join Austria. Outraged, Hitler gave many persuasive speeches on why the government shouldn’t break away. Later Hitler took over a group and renaming it NSADAP, which is infamously known as the Nazi party. Hitler tried taking over the Bavarian government by force. This invasion caused his imprisonment of five years, but he happened to be released after about six months. While in prison, he began writing his book Mein Kamph (My Struggle). When Hitler was released from prison, he quickly found out that the Nazi party membership has fallen drastically. The party was no longer allowed to have private and public meetings and Hitler could no longer speak in public. Hitler was determined to bring the Nazi party back together. The party began to grow slowly and in secret, and after the stock market crash hundreds and soon thousands joined each month due to the public rallies produced by Hitler. With his popularity growing at an outrageous speed, Hitler decided to take over the whole country. Before the elections, he launched a major propaganda campaign. He soon won a seat in the Reichstag, German congress. Hitler had a chance at becoming Chancellor, but was beat out by the previous Chancellor, Charles Bruning. Now the Nazi was official the second largest party in the country, next to the Communist.

Politics Essay -- essays research papers

Politics: the inescapable stalker of our society Politics is a process by which a group of people, whose opinions or interests might be divergent, reach collective decisions that are generally regarded as binding on the group and enforced as common policy. Political theory or political philosophy is as old as the oldest civilisations. The Greek philosophers, such as Aristotle and Plato, developed important political theories and methods of government alongside their more abstract philosophies. One may contest that every society and every belief we hold is a reflection of the political system we live under. Politics, in it absolute form, is a concept of society that definitely intrudes into every aspect of human life. No one can escape it. The word politics comes from the Greek word â€Å"polis†, meaning the state or community as a whole. The concept of the â€Å"polis† was an ideal state and came from the writings of great political thinkers such as Plato and Aristotle. In his novel "The Republic", Plato describes the ideal state and the means to achieve it. Hence, the word politics originally has connotations in the ways in which to create the ideal society. An ideal society is in practice a rather difficult aim and even an impossible aim to achieve. Imperfections in society inspired Aristotle and Plato to compose the first written political philosophies. In Aristotle's â€Å"The Politics†, he states that, â€Å"Man is by nature a political animal†, in another words, it is a primal instinct of man. Therefore, in his statement, Aristotle concludes politics is not a dreamt up concept, but rather an inherent feature of mankind. Argument, in our lives and about the way that we live t hem is a fundamental part of our sociological make-up. A main factor in modern government is what is dubbed â€Å"Party Politics†. Each party with its manifesto attempts to gain parliamentary superiority over others in each general election. People vote for the party that broadly represents the individual's values. Although, the average turnout for elections The most common method of categorising political theories is by use of a horizontal line from right to left (the far and moderate right, the right of centre, the centre and the left of centre, the moderate left, and the far left) gradually. What follows is an attempt to clarify this contentious issue of categorisation. It is not a defin... ...onflict and change. Politics is the means to creating a more organised and peaceful society, by providing methods to resolve conflict that naturally occurs in society. From this, politics also endeavours to further society to perfection and to create an absolute harmony between the ruling body and the populace. It thus aims to replace violence and prevent us from returning to chaos. Authority and order are the underlying features of politics and ensures its enforceability. Power underscores its very existence; it is necessary for politics exist. Without authority, politics simply is not feasible. The most visible and widely accepted example of politics is the workings of the governmental institutions. However, although at first glance one may not be aware of it, politics in its various forms is present wherever and whenever humans form a community. Returning to the writings and beliefs of Aristotle, politics is an intrinsic feature of mankind. References â€Å"Politics†, Heywood, Palgrave. 1997 â€Å"The Republic†, Plato (Tr Des. Lee), Penguin, 1987 â€Å"On Liberty†, J.S.Mills, Penguin, 1985 BBC Politics page: <http://news.bbc.co.uk/hi/english/uk_politics/talking_politics/default.stm>

My Life :: Essays Papers

My Life Some people may be writing this essay not so much about themselves, but about the things that they do or the activities they enjoy. Ex. I listen to this band The Obnoxious Yellers, they are so great they yell and scream and its great music, I went to their concert the other day too it was so fun we got cotton candy and crown surfed and everything. This is not an essay about the writer, it is about someone else, and somewhere else. I intend on informing whoever is going to read this piece of who I am, why I am, what I am, and what I intend to become. I was born in Brooklyn, NY. I lived there for 2 years before moving to Greenwich, CT. Until now I never really thought much of the town, for I never really had a glimpse of any other aspect of living. Then through my adolescence, which technically I am still in, I traveled, for vacation and just for plain curiosity. I took the train to Philadelphia when I was 13 just to see what it was like, and returned later that day with a more enlightened state of mind. I have done the same for many towns through the years, and come to appreciate the surrounding that I live in now. It came to me when reading TIME magazine, I came upon an article that in on sentence compared one of the poorest living areas in the U.S., to one of the wealthiest ones. Compton Vs. Greenwich. After just seeing those two words together like that meant something, the writer was viewing Greenwich as top living conditions, and I’m here. Weird. I like to go out at night, I like to go to parties, I like to have parties, I do not like a night without a party. This summer I worked on the weekends at 6:30 in the morning which meant that the normal person would have to wake up pretty darn early, not me I would just find the party that was going to go on the longest and stay there all night until work. Typical amount of sleep from Friday to Sunday was 4 hours. That’s what I like to do, well at least after I figured out the meaning of life and decided not to hold anything back. Life was meant to be lived, we were not put here to work, or do anything for that matter.

Staple Remover Components

Components and the Materials of Parts: The formation of the staple remover is based on performance and durability without extra useless parts. The materials that form the tool are managed properly to minimize total costs while maximizing the production rates. There are four main parts: wedges, spring, handle and pin axle. The Wedges of Staple Remover The staple remover is comprised of two wedges on shaft. These engaged wedges are usually made from chrome-plated steel, because it is not only harder than the material of the staple, but also tough enough to resist the force applied to extract it.Although the chrome-plated steel using provides these benefits, it shows mild rust-resistance in very moist environments. However, this disadvantage of the material can be ignored, because the staple remover is produced to be used in offices generally. The expander spring is another important part that brings these wedges back to its original opened state. Also, it is usually made from chrome-pl ated steel like the wedges to prevent any possible failures through metal fatigue in continued use.The handles/grips of the staple remover are important for the usage, but it does not have any functional roles for the aim of the device. The grips provide easy use for users, because people do not have to hold cold and tough metal surface. Grips are largely made from plastic materials which are the most proper choose with its cheapness and formability. The pin axle is a cylindrical cross member which gives the wedges ability to rotate. It is made of stainless steel, which have high rust-resistance in places that have been worn by contact with other metals.

Learning and education Essay

  Ã‚  Ã‚  Ã‚   Learning and education are some of the most prized assets any person could have. Many parents consider these assets to be the primary treasure which they can give to their children to face the challenges of the future. However, there are some instances in which education becomes unreachable due to some hindrances like learning disabilities. It may become a concern not only for the individual but for the family as well.   Fortunately there are still some available steps in order to combat the possible dilemmas learning disabilities might bring.   Ã‚  Ã‚  Ã‚   On the part of Tony, it seems that he is not really that ready enough to become a part of the larger scope of education structure. He used to have a separated domain of learning which highlighted his interests to accommodate knowledge. The one-on-one teaching method provided by Ms. Brumbley became the most comfortable realm for Tony to achieve success. However, in order to develop more, he needs to take a few more steps of the education ladder. In middle school and beyond, school works are more complex and require more diligence in following directions. Add to that the extremely dynamic social nature of the class where students will tend to stabilize their roles and projections towards other members of the society. Because of such factors, Tony may have a hard time adjusting to the situation.   Ã‚  Ã‚  Ã‚   In order to accommodate Tony to perform his ultimate best, what can be done is to at least set some modifications in the classroom. First is to introduce the basic foundations of new lessons for discussion. For example, a lesson in Math can first take a course of simple arithmetic to fraction computations. This may seem too easy relative for the whole class but exampling to them the importance of the strong math foundation will not impose an obvious aspect that the procedure is intended for Tony to refresh what he has previously learned. It is also possible to provide Tony a separate customized textbook and assignments so that he can gradually adjust to the lessons involved in middle school education. This approach is not intended for a long term basis so that he can actually progress to entertain newer and more complex lessons in middle school subjects. Lastly, as a concerned teacher, he will be provided with at least an hour of academic assistance everyday after class. A consultation form of conversation is best for him so that he could provide any feedback about the class procedures.   Ã‚  Ã‚  Ã‚   In order to support the standing of Tony in middle school through high school, coordinating with his other teachers would be the best practice to do. This will help the whole learning sector to have a single approach in fulfilling the special needs of Tony. Even if after he has completed the year level in a particular class, a complete coordination between his previous teachers and the ones who will be handling him should be initiated.   Ã‚  Ã‚  Ã‚   Basing on some studies and personal observations, individuals like Tony do not simply experience learning problems. The nearest dilemma apart from education concerns is the social interaction aspect of the person. Primarily, if one is not able to acquire the supposedly pace of learning rates in education, then most probably there will be a certain problem within his core interactive capabilities. Of course, it was noted that he exemplifies a certain degree of fondness in dealing with people in a comical way but deep inside, Tony might also have some concerns in having an interaction with people in a serious manner. If he will realize his disadvantages over the people he will constantly interact with, he might experience a sense of inferiority or discrimination. Compassionate encouragement and kindness can minimize the inferiority factor this dilemma might induce (Kentucky Education Cabinet).   Ã‚  Ã‚  Ã‚   Helping the students to explore their capabilities is one way to nurture their personalities. But for individuals who have a relative disadvantage in learning, utmost assistance and care is needed beyond teaching. References Kentucky Education Cabinet. N.D. Learning Disabilities. Kentucky.gov. Retrieved February 4, 2008 from http://ada.ky.gov/learning_dis_def.htm.