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Published on Nov 18, 2015
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PRESENTATION OUTLINE
Stagflation
-is caused by circumstances similar to those that create hyperinflation. Both extreme situations have only occurred when expansive fiscal or monetary policy artificially boosted the money supply at the same time when supply was constrained. Fiscal policy can print more currency, while monetary policy creates more credit. If supply is limited or shut down, then companies can't produce more to meet the demand created by the extra money supply.
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OEC
-The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of an agreement in September 1960 by five countries namely Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. They were to become the Founder Members of the Organization.
These countries were later joined by Qatar (1961), Indonesia (1962), Libya (1962), the United Arab Emirates (1967), Algeria (1969), Nigeria (1971), Ecuador (1973), Gabon (1975) and Angola (2007).
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Camp David Accord
-Called for a formal peace treaty to be signed between Israel and Egypt, within three months.Called for establishment of diplomatic relations between the two countries.Called for Israeli withdrawal from the Sinai Peninsula in stages, to be completed within three years.Called for further meetings to resolve the Palestinian question. The meeting would include Jordan and a representative of the Palestinian people. Called for a five-year transitional period of Israeli withdrawal from the West Bank and Gaza. This transitional period would include the introduction of Palestinian self-government. Called for an end to Israeli settlements in the West Bank. Did not settle the question of East Jerusalem.
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