Macroeconomics.ppt
... Trough – lowest point in contraction, real GDP stops falling. Expansion – growth, rise in real GDP, increased employment and income. ...
... Trough – lowest point in contraction, real GDP stops falling. Expansion – growth, rise in real GDP, increased employment and income. ...
7-2 (Key Question) Suppose an economy`s real GDP is $30,000 in
... (Key Question) What are the four phases of the business cycle? How long do business cycles last? How do seasonal variations and long-term trends complicate measurement of the business cycle? Why does the business cycle affect output and employment in capital goods and consumer durable goods industri ...
... (Key Question) What are the four phases of the business cycle? How long do business cycles last? How do seasonal variations and long-term trends complicate measurement of the business cycle? Why does the business cycle affect output and employment in capital goods and consumer durable goods industri ...
The Domestic Economic Outlook SVP and Director of Research
... • State and Local Spending: Are the states in any shape to spend? • Federal spending: Deficits re-emerge • Consumer spending and housing: Never contracted during recession→no boost in recovery (although April’s retail sales data suggest consumption is OK)? • Consumer spending: As unemployment remain ...
... • State and Local Spending: Are the states in any shape to spend? • Federal spending: Deficits re-emerge • Consumer spending and housing: Never contracted during recession→no boost in recovery (although April’s retail sales data suggest consumption is OK)? • Consumer spending: As unemployment remain ...
Business Cycle
... The Main Idea In a market economy, there is an economic cycle, which includes four stages: prosperity, recession, depression, and recovery. These are also the four stages of the business cycle. In the last few decades, we have experienced the economic cycle a number of times. ...
... The Main Idea In a market economy, there is an economic cycle, which includes four stages: prosperity, recession, depression, and recovery. These are also the four stages of the business cycle. In the last few decades, we have experienced the economic cycle a number of times. ...
Great Recession
... Yet, Keynes was educated in the same neoclassical school and his criticism of these theories was halfhearted . A few critical notes at the beginning of The General Theory of Employment, Interest and Money (1936) were followed by some theories that were incomplete, underdeveloped and ...
... Yet, Keynes was educated in the same neoclassical school and his criticism of these theories was halfhearted . A few critical notes at the beginning of The General Theory of Employment, Interest and Money (1936) were followed by some theories that were incomplete, underdeveloped and ...
content/teaching outline
... produced BY a country. GNP is different from GDP because it includes the dollar value for products produced by U.S. citizens and companies that are abroad. For example, Briggs and Stratton (produce engines for lawn mowers) have plants in the United States as well as Japan. The production of engines ...
... produced BY a country. GNP is different from GDP because it includes the dollar value for products produced by U.S. citizens and companies that are abroad. For example, Briggs and Stratton (produce engines for lawn mowers) have plants in the United States as well as Japan. The production of engines ...
Lecture 20
... consumer Demand. Policy solution - government spending? Pump up the economy with temporary spending and tax cuts to create more disposable income and consumer demand and investment. ...
... consumer Demand. Policy solution - government spending? Pump up the economy with temporary spending and tax cuts to create more disposable income and consumer demand and investment. ...
The Root Beer Game Debrief
... 7. Define Inflation 8. Explain the difference between Nominal and Real GDP 9. Explain Real GDP per Capita ...
... 7. Define Inflation 8. Explain the difference between Nominal and Real GDP 9. Explain Real GDP per Capita ...
The Root Beer Game Debrief
... 7. Define Inflation 8. Explain the difference between Nominal and Real GDP 9. Explain Real GDP per Capita ...
... 7. Define Inflation 8. Explain the difference between Nominal and Real GDP 9. Explain Real GDP per Capita ...
euro crisis – is 2013 the end of it
... The continuing euro area crisis is dampening global confidence, weakening trade and employment and slowing economic growth for OECD and non-OECD countries alike. Today, the risk of a new major contraction cannot be ruled out. Because deficit and debt reductions require economic growth, fiscal consol ...
... The continuing euro area crisis is dampening global confidence, weakening trade and employment and slowing economic growth for OECD and non-OECD countries alike. Today, the risk of a new major contraction cannot be ruled out. Because deficit and debt reductions require economic growth, fiscal consol ...
How do Economists Measure a Nation`s Economic Health?
... Demand-pull = increase in overall demand forces prices up Cost-push = rising costs of factors of production push prices higher ...
... Demand-pull = increase in overall demand forces prices up Cost-push = rising costs of factors of production push prices higher ...
Risks+to+the+Expansion++(White+House+Conf+April+2000).
... In addition to continuing with a good monetary policy, there are other policies that will reduce risks • Policies – to increase government saving and private saving – to lower marginal tax rates, – to improve education, ...
... In addition to continuing with a good monetary policy, there are other policies that will reduce risks • Policies – to increase government saving and private saving – to lower marginal tax rates, – to improve education, ...
+ PEAK
... Low unemployment People are optimistic and spend more money High demand for goods New businesses start Easy to get a bank loan Businesses make profits and stock prices increase ...
... Low unemployment People are optimistic and spend more money High demand for goods New businesses start Easy to get a bank loan Businesses make profits and stock prices increase ...
October 9—How is your current economic situation similar and
... Bernanke has repeatedly cut the federal funds rate from 5.25% down to an effective rate at one point last week of about 0.25%. The Federal Reserve has pumped about $1.1 trillion into the financial system in the past 13 months. Fed said it would leave the interest rate at 0.25% for “an extended p ...
... Bernanke has repeatedly cut the federal funds rate from 5.25% down to an effective rate at one point last week of about 0.25%. The Federal Reserve has pumped about $1.1 trillion into the financial system in the past 13 months. Fed said it would leave the interest rate at 0.25% for “an extended p ...
Macro_3.4-_Classical_vs._Keynesian
... 1. A change in AD will not change output even in the short run because prices of resources (wages) are very flexible. 2. AS is vertical so AD can’t increase without causing inflation. ...
... 1. A change in AD will not change output even in the short run because prices of resources (wages) are very flexible. 2. AS is vertical so AD can’t increase without causing inflation. ...
FRBSF E L CONOMIC ETTER
... time of signaling a (coincident) slowdown in activity early in the 2001 recession.What does the index say now? As of October 25, the three-month average of the Chicago Fed’s National Activity Index (2006) stood at –0.25. A value below zero implies that growth is below trend; values below –0.7 are as ...
... time of signaling a (coincident) slowdown in activity early in the 2001 recession.What does the index say now? As of October 25, the three-month average of the Chicago Fed’s National Activity Index (2006) stood at –0.25. A value below zero implies that growth is below trend; values below –0.7 are as ...
View - Strom Thurmond Institute
... The accompanying chart, produced by Scissors, shows the current picture for Chinese purchase of Treasury bonds. Of course, there are other U.S. debt instruments that China may be purchasing along with equities and land. The Chinese have to do something with the dollars they receive from our purchase ...
... The accompanying chart, produced by Scissors, shows the current picture for Chinese purchase of Treasury bonds. Of course, there are other U.S. debt instruments that China may be purchasing along with equities and land. The Chinese have to do something with the dollars they receive from our purchase ...
Activity 9 - Answer key
... income. To help struggling farmers, I propose that the government pay them to destroy a portion of their livestock and crops, making them unfit for human consumption. This will reduce the supply of these products and raise their price, which will help farmers make and eventually spend more money, th ...
... income. To help struggling farmers, I propose that the government pay them to destroy a portion of their livestock and crops, making them unfit for human consumption. This will reduce the supply of these products and raise their price, which will help farmers make and eventually spend more money, th ...
Fiscal Policy:
... • The government spends more money because consumers cannot – keep companies running and workers employed. ...
... • The government spends more money because consumers cannot – keep companies running and workers employed. ...
economy 1979 - 1982
... term interest rates artificially low, but established fixed ranges. These ranges are based upon inflation, commodity prices and the exchange rate. This new way of controlling the economy led to a lower growth path without going into recession. When they acted early, by adjusting short term rates, th ...
... term interest rates artificially low, but established fixed ranges. These ranges are based upon inflation, commodity prices and the exchange rate. This new way of controlling the economy led to a lower growth path without going into recession. When they acted early, by adjusting short term rates, th ...
Problem Set #1
... Start with the original equilibrium. The government wants to increase spending for hurricane clean-up, but does not want the budget deficit to get worse. Government decides to increase government purchases AND taxes by $200 each. What will happen to equilibrium GDP? ...
... Start with the original equilibrium. The government wants to increase spending for hurricane clean-up, but does not want the budget deficit to get worse. Government decides to increase government purchases AND taxes by $200 each. What will happen to equilibrium GDP? ...
The Definition of ―Recession
... U.S. recessions are officially declared and dated by a committee of seven economics professors on the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) – a non-profit association of academic economists unaffiliated with the U.S. government. Generally speaking, a rece ...
... U.S. recessions are officially declared and dated by a committee of seven economics professors on the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) – a non-profit association of academic economists unaffiliated with the U.S. government. Generally speaking, a rece ...