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Philip Edward Berger (born August 8, 1952) is a Republican member of the North Carolina General Assembly representing the state's thirtieth Senate district, which includes Caswell, Rockingham, Stokes, and Surry counties. [1] Born in New York, Berger was first elected to the North Carolina Senate in 2000. He became minority leader in 2004, and in 2010, he was selected by his fellow Republicans ...
An unemployment extension occurs when regular unemployment benefits are exhausted and extended for additional weeks. Unemployment extensions are created by passing new legislation at the federal level, often referred to as an "unemployment extension bill". This new legislation is introduced and passed during times of high or above average unemployment rates. Unemployment extensions are set ...
Modern Monetary Theory or Modern Money Theory (MMT) is a macroeconomic theory that describes the nature of money [1] within a fiat, floating exchange rate system. [2] MMT synthesizes ideas from the state theory of money of Georg Friedrich Knapp (also known as chartalism) and the credit theory of money of Alfred Mitchell-Innes, the functional finance proposals of Abba Lerner, Hyman Minsky 's ...
The Phillips curve is a representation of the relationship between unemployment and inflation in the macroeconomy, where a tradeoff between low unemployment and price stability exists. [1] Identified by economist Bill Phillips, the curve shows a relationship between lowering unemployment with increasing wages in an economy. [2] While Phillips did not directly link employment and inflation ...
Hijab and burqa controversies in Europe revolve around public reactions and opposition to the variety of headdresses worn by Muslim women, which have become prominent symbols of the presence of Islam in especially Western Europe. Although Muslim communities have long existed in parts of Eastern Europe, particularly the Balkans, the Muslim populations of Western Europe are largely the result of ...
In economics, implicit contracts refer to voluntary and self-enforcing long term agreements made between two parties regarding the future exchange of goods or services. Implicit contracts theory was first developed to explain why there are quantity adjustments (layoffs) instead of price adjustments (falling wages) in the labor market during recessions. [1] The origins of implicit-contract ...
Thatcherism is a form of British conservative ideology named after Conservative Party leader Margaret Thatcher that relates to not just her political platform and particular policies but also her personal character and style of management while in office. Proponents of Thatcherism are referred to as Thatcherites. The term has been used to describe the principles of the British government under ...
In macroeconomics, an open market operation (OMO) is an activity by a central bank to exchange liquidity in its currency with a bank or a group of banks. The central bank can either transact government bonds and other financial assets in the open market or enter into a repurchase agreement or secured lending transaction with a commercial bank. The latter option, often preferred by central ...
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