ECON 201-100 Principles of Macroeconomics
... (b) Discuss the theoretical developnent of concepts such as the supply curve and the demand curve and identify the principal assumptions on which these concepts are based . (c) Discuss with r eference to both economic theory and your knowledge of the U.S. economy, the statement that "private self-in ...
... (b) Discuss the theoretical developnent of concepts such as the supply curve and the demand curve and identify the principal assumptions on which these concepts are based . (c) Discuss with r eference to both economic theory and your knowledge of the U.S. economy, the statement that "private self-in ...
Federal Reserve - Plain Local Schools
... $ Providing certain financial services to the US Govt., to the public, to financial institutions, and to foreign official institutions, including playing a major role in operating the nation’s payment system ...
... $ Providing certain financial services to the US Govt., to the public, to financial institutions, and to foreign official institutions, including playing a major role in operating the nation’s payment system ...
Microfounded Macro:Graphical Illustrations
... Markets (prices) may not work automatically itself because of deficiency in demand: massive unemployment labour and under utilisation of capital is possible. Cost of waiting to return to the natural level; irresponsible to do so. Balancing budget is stupid and dangerous policy. Active role b ...
... Markets (prices) may not work automatically itself because of deficiency in demand: massive unemployment labour and under utilisation of capital is possible. Cost of waiting to return to the natural level; irresponsible to do so. Balancing budget is stupid and dangerous policy. Active role b ...
The Quantity Theory of Money
... quantity of goods. This in turn bids up prices as the purchasing power of each dollar falls. The end result will be a proportional increase in the price level, i.e. 15% increase in P. ...
... quantity of goods. This in turn bids up prices as the purchasing power of each dollar falls. The end result will be a proportional increase in the price level, i.e. 15% increase in P. ...
Introductory Material (Handa, Chapter 1)
... ultimate lenders to facilitate their interaction. • Banks, mutual funds, pension funds, insurance companies, etc. • Intermediaries often repackage assets through was is called the asset-transmutation process. • For example, banks may take “short money” as deposits and create “long money” for loans. ...
... ultimate lenders to facilitate their interaction. • Banks, mutual funds, pension funds, insurance companies, etc. • Intermediaries often repackage assets through was is called the asset-transmutation process. • For example, banks may take “short money” as deposits and create “long money” for loans. ...
Options for Organizing Small and Large Businesses
... drive supply and demand. Describe the four types of market structures in a private enterprise system and compare the three major types of economic systems. Identify and describe the four stages of the business cycle. Explain how productivity, price level changes, and employment levels affect the sta ...
... drive supply and demand. Describe the four types of market structures in a private enterprise system and compare the three major types of economic systems. Identify and describe the four stages of the business cycle. Explain how productivity, price level changes, and employment levels affect the sta ...
Monetary Policy / The Fed / Banking
... E. President Roosevelt declared a “bank holiday,” closing banks temporarily while Congress started the Federal Deposit Insurance Corporation (FDIC), which ended bank panics on insured accounts. Functions of Money A. Medium of exchange: Money can be used for buying and selling goods and services. B. ...
... E. President Roosevelt declared a “bank holiday,” closing banks temporarily while Congress started the Federal Deposit Insurance Corporation (FDIC), which ended bank panics on insured accounts. Functions of Money A. Medium of exchange: Money can be used for buying and selling goods and services. B. ...
14.02 Principles of Macroeconomics
... False. The money multiplier is: . Since 0<θ<1, this is always greater than c + θ (1 − c) one if individuals in the economy hold both currency and checkable deposits (0
... False. The money multiplier is: . Since 0<θ<1, this is always greater than c + θ (1 − c) one if individuals in the economy hold both currency and checkable deposits (0
TOTAL SPENDING = TOTAL INCOME = GDP
... has in mind in this chapter. (Friedman was one of the founders of monetarism.) This adds some sophistication to crude quantity theory, but essentially holds that changes in the money supply lead to more or less proportionate changes in prices in the long run, though not necessarily in the short run. ...
... has in mind in this chapter. (Friedman was one of the founders of monetarism.) This adds some sophistication to crude quantity theory, but essentially holds that changes in the money supply lead to more or less proportionate changes in prices in the long run, though not necessarily in the short run. ...
27-Evidence on Monetary Policy
... Identify four policy decisions of Fed which led to tighter money supply during great depression. ...
... Identify four policy decisions of Fed which led to tighter money supply during great depression. ...
Matching (2pts each)
... _____ 14. The minimum wage increases employment among teenagers and minorities. _____ 15. The President of the United States can prevent workers from striking for a period of 80 days. _____ 16. The measurement of the national economy’s performance is called national income accounting. _____ 17. Aggr ...
... _____ 14. The minimum wage increases employment among teenagers and minorities. _____ 15. The President of the United States can prevent workers from striking for a period of 80 days. _____ 16. The measurement of the national economy’s performance is called national income accounting. _____ 17. Aggr ...
Chapter 3: America on the Eve of Revolution
... Chapter 3: America on the Eve of Revolution Summary This chapter examines the monetary foundations of the colonial economy under English rule. Though England did follow a mercantilist policy and did not permit the flow of specie into the colonies without trade, piracy or accumulated indebtedness, th ...
... Chapter 3: America on the Eve of Revolution Summary This chapter examines the monetary foundations of the colonial economy under English rule. Though England did follow a mercantilist policy and did not permit the flow of specie into the colonies without trade, piracy or accumulated indebtedness, th ...
Soustředění 4
... 4. paper money = developed from paper receipts that goldsmiths gave their clients, could be exchanged for precious metals, money was backed by gold 5. fiat money = money is given denomination by the government, is not backed by gold Bank notes and coins made of various metals became legal tender. Pa ...
... 4. paper money = developed from paper receipts that goldsmiths gave their clients, could be exchanged for precious metals, money was backed by gold 5. fiat money = money is given denomination by the government, is not backed by gold Bank notes and coins made of various metals became legal tender. Pa ...
Fractional Reserve Banking
... -$100,000 deposit with a 20% reserve requirement -$20,000 must go into required reserves -$80,000 goes into Excess Reserves and can be lent out -$80,000 loan is made to Jim -$80,000 deposit made by Jim with the loan proceeds -$16,000 must go into required reserves (20% of $80,000) -$64,000 goes into ...
... -$100,000 deposit with a 20% reserve requirement -$20,000 must go into required reserves -$80,000 goes into Excess Reserves and can be lent out -$80,000 loan is made to Jim -$80,000 deposit made by Jim with the loan proceeds -$16,000 must go into required reserves (20% of $80,000) -$64,000 goes into ...