Asset Allocation Thoughts: The Global Economy and Asset Returns
... business cycles or the way in which asset performance can change. More fundamentally, it is very difficult to assess the state of economy through looing at inflation when there is a credible central bank. Consider the following analogy: the central bank acts like a thermostat in a central heating sy ...
... business cycles or the way in which asset performance can change. More fundamentally, it is very difficult to assess the state of economy through looing at inflation when there is a credible central bank. Consider the following analogy: the central bank acts like a thermostat in a central heating sy ...
Chap-12
... Supply-Side Policies • Income inequality may also rise – Those with better ideas, education, opportunities, work ethic, providence, etc. will do better, others may not. – If the majority are better off, but some much more so than others does this indicate that we should not use supply side policies ...
... Supply-Side Policies • Income inequality may also rise – Those with better ideas, education, opportunities, work ethic, providence, etc. will do better, others may not. – If the majority are better off, but some much more so than others does this indicate that we should not use supply side policies ...
Ch. 14.1 Notes
... A. Recession- when economy/Real GDP declines for at least six months 1. a recession begins when real GDP starts going down 2. a recession ends when real GDP hits a Trough/bottom and starts going up B. Expansion- when economy/ GDP increases after it hits a trough 1. an expansion ends when real GDP re ...
... A. Recession- when economy/Real GDP declines for at least six months 1. a recession begins when real GDP starts going down 2. a recession ends when real GDP hits a Trough/bottom and starts going up B. Expansion- when economy/ GDP increases after it hits a trough 1. an expansion ends when real GDP re ...
Macroeconomics I Final exam: sample questions
... A. excess demand for goods and services B. excess supply of goods and services C. excess demand for money D. excess supply of Money 9. The AD-curve will shift to the right if A. government transfer payments are increased B. real money balances increase due to a decrease in the price level C. autonom ...
... A. excess demand for goods and services B. excess supply of goods and services C. excess demand for money D. excess supply of Money 9. The AD-curve will shift to the right if A. government transfer payments are increased B. real money balances increase due to a decrease in the price level C. autonom ...
Advanced Placement Microeconomics Review Sheet
... 21) Define the following terms: AD, AS, interest rate effect, wealth or real balances effect, foreign purchases effect, non-price determinants of AD and AS, AS curves (Keynesian, classical, and intermediate ranges), productivity, ratchet effect, equilibrium price level, real output level, Classical ...
... 21) Define the following terms: AD, AS, interest rate effect, wealth or real balances effect, foreign purchases effect, non-price determinants of AD and AS, AS curves (Keynesian, classical, and intermediate ranges), productivity, ratchet effect, equilibrium price level, real output level, Classical ...
What is Macroeconomics? - The Bronx High School of Science
... – intermediate range: positive slope, normal range of operation, no excess inventories, gives firms the incentive they need to increase employment and produce more goods and services ...
... – intermediate range: positive slope, normal range of operation, no excess inventories, gives firms the incentive they need to increase employment and produce more goods and services ...
Economic Changes and Cycles
... • Example of a cause: A drought lowers the output of food goods. ...
... • Example of a cause: A drought lowers the output of food goods. ...
History of Economic Theories
... competition. Causes of imperfect competition. Different types of production functions, cost minimization and optimization of production. Neoclassical contribution to the economic analysis of firm. Firms under perfect competition, decision making under monopoly, oligopoly and monopolistic competition ...
... competition. Causes of imperfect competition. Different types of production functions, cost minimization and optimization of production. Neoclassical contribution to the economic analysis of firm. Firms under perfect competition, decision making under monopoly, oligopoly and monopolistic competition ...
Market, market subjects, determinants of market demand
... competition. Causes of imperfect competition. Different types of production functions, cost minimization and optimization of production. Neoclassical contribution to the economic analysis of firm. Firms under perfect competition, decision making under monopoly, oligopoly and monopolistic competition ...
... competition. Causes of imperfect competition. Different types of production functions, cost minimization and optimization of production. Neoclassical contribution to the economic analysis of firm. Firms under perfect competition, decision making under monopoly, oligopoly and monopolistic competition ...
LinAZ B2 Simulation Listening Exam 1 04 2013
... the micro-economics-based real business cycle theory, which holds on to the rationalequilibrium view and sees the economy as merely propagating external shocks. Under this theory, the key causes of economic oscillations are external political events, changes in technology and other factors. But such ...
... the micro-economics-based real business cycle theory, which holds on to the rationalequilibrium view and sees the economy as merely propagating external shocks. Under this theory, the key causes of economic oscillations are external political events, changes in technology and other factors. But such ...
Measuring the Economy
... * Downsizing: when businesses cut their workforce to cut costs and increase profits. * Outsourcing: when another country, often overseas, manages their operations with foreign workers. Such as customer service or information ...
... * Downsizing: when businesses cut their workforce to cut costs and increase profits. * Outsourcing: when another country, often overseas, manages their operations with foreign workers. Such as customer service or information ...
Introduction to Macroeconomics
... • Business cycles are short-run (we hope) contractions and expansions of economic activity. • The most volatile period in the history of Canadian output was between 1914 and 1945. • In the post WWII period, the recessions of ’53-54, ’81-82, ‘90-92 and ’07-08 stand out. • An interesting question is w ...
... • Business cycles are short-run (we hope) contractions and expansions of economic activity. • The most volatile period in the history of Canadian output was between 1914 and 1945. • In the post WWII period, the recessions of ’53-54, ’81-82, ‘90-92 and ’07-08 stand out. • An interesting question is w ...
Unit 3: Macroeconomic Concepts Vocabulary Worksheet
... E. Unemployment that is caused by changes in technology or reduced demand for certain products. ...
... E. Unemployment that is caused by changes in technology or reduced demand for certain products. ...
AP Economics Final Exam
... Okun’s Law – For every 1 % that the unemployment rate exceeds that natural rate, GDP will decrease by 2% from the previous year Demand-Pull Inflation – Higher streams of income cause demand to increase which results in an increase in the prices of goods and services Cost-Push Inflation – usually dur ...
... Okun’s Law – For every 1 % that the unemployment rate exceeds that natural rate, GDP will decrease by 2% from the previous year Demand-Pull Inflation – Higher streams of income cause demand to increase which results in an increase in the prices of goods and services Cost-Push Inflation – usually dur ...
Worksheet 3, chapter 9
... work fast and are strong enough to get the economy out of a recession. d. the key determinant to the level of economic activity is potential income. 3. What directly shifts the long-run AD curve? a. Sudden changes in C, I, or X – M caused by monetary or fiscal policy. b. Increase in input prices. c. ...
... work fast and are strong enough to get the economy out of a recession. d. the key determinant to the level of economic activity is potential income. 3. What directly shifts the long-run AD curve? a. Sudden changes in C, I, or X – M caused by monetary or fiscal policy. b. Increase in input prices. c. ...
Paul Samuelson, 1915 -
... • Economics of public goods • Turnpike theorem for growth • Overlapping generations framework • Randomness of speculative prices efficient market hypothesis ...
... • Economics of public goods • Turnpike theorem for growth • Overlapping generations framework • Randomness of speculative prices efficient market hypothesis ...
Short run - TerpConnect
... Unemployment rises during recessions and falls during expansions. Okun’s law: the negative relationship between GDP and unemployment. ...
... Unemployment rises during recessions and falls during expansions. Okun’s law: the negative relationship between GDP and unemployment. ...
Demand Side Economics
... they could surplus finance and pay off the debt accrued when they were in the depression. ...
... they could surplus finance and pay off the debt accrued when they were in the depression. ...
Macro Theory
... Unemployment rate = 6.6% (Or, higher if others included and calculations constant.) ...
... Unemployment rate = 6.6% (Or, higher if others included and calculations constant.) ...
KW2_Ch06_FINAL
... No. In fact, a burger is, compared with other consumer goods, a better bargain than it was in 1954. Burger prices have risen about 400%, from $0.15 to about $0.75, over the last half century. But the overall consumer price index has increased more than 600%. If McDonald’s had matched the overall pri ...
... No. In fact, a burger is, compared with other consumer goods, a better bargain than it was in 1954. Burger prices have risen about 400%, from $0.15 to about $0.75, over the last half century. But the overall consumer price index has increased more than 600%. If McDonald’s had matched the overall pri ...