Inflation 11.2
... higher prices because demand is increasing faster than supply! (More people are chasing the same amount of goods; therefore people can charge more for their goods). ...
... higher prices because demand is increasing faster than supply! (More people are chasing the same amount of goods; therefore people can charge more for their goods). ...
GDP
... Explain, using a diagram, how the AS curve in the short run (SRAS) can shift due to factors including changes in resource prices, changes in business taxes and subsidies and supply shocks Alternate Views of AS Explain, using a diagram, that the monetarist/new classical model of the longrun aggrega ...
... Explain, using a diagram, how the AS curve in the short run (SRAS) can shift due to factors including changes in resource prices, changes in business taxes and subsidies and supply shocks Alternate Views of AS Explain, using a diagram, that the monetarist/new classical model of the longrun aggrega ...
Spring 2009
... 5. An increase in the real interest rate would cause an increase in the real demand for money: (a) no matter what the change in expected inflation. (b) if expected inflation fell by less than the rise in the real interest rate. (c) if expected inflation fell by the same amount as the rise in the re ...
... 5. An increase in the real interest rate would cause an increase in the real demand for money: (a) no matter what the change in expected inflation. (b) if expected inflation fell by less than the rise in the real interest rate. (c) if expected inflation fell by the same amount as the rise in the re ...
Study Questions concerning the Phillips Curve
... apparent success of policy in the 60’s supported all of those ideas. ...
... apparent success of policy in the 60’s supported all of those ideas. ...
總體1/2003 第二次考試班級： 學號： 姓名：
... b. Long lags may cause stabilization policies to in fact destabilize the economy. c. Monetary policy affects aggregate demand by changing interest rates. d. Fiscal policy must go through a long political process. Ch 29 13. If the Fed conducts open-market purchases, the money supply a. increases and ...
... b. Long lags may cause stabilization policies to in fact destabilize the economy. c. Monetary policy affects aggregate demand by changing interest rates. d. Fiscal policy must go through a long political process. Ch 29 13. If the Fed conducts open-market purchases, the money supply a. increases and ...
L8 Monetary and Fiscal Policy
... Surplus = taxes > expenditures Greater short term impact than tax and spend Deficit = expenditures > taxes Borrowing now = taxes in future ...
... Surplus = taxes > expenditures Greater short term impact than tax and spend Deficit = expenditures > taxes Borrowing now = taxes in future ...
Presentation to the Los Angeles Chapter, National Association of Business... Omni Hotel, Los Angeles
... forecasters share—appears to be that the slow first half will give way to a modest pickup in the second half. 1. This forecast raises a challenging issue for monetary policy. a. It suggests that growth probably won’t be strong enough to make a significant dent in the excess capacity we currently fac ...
... forecasters share—appears to be that the slow first half will give way to a modest pickup in the second half. 1. This forecast raises a challenging issue for monetary policy. a. It suggests that growth probably won’t be strong enough to make a significant dent in the excess capacity we currently fac ...
Name - My CCSD
... decrease in corporate-profits taxes will affect each of the following. (+1 – Includes two graphs and an explanation) (i) Aggregate Demand (+1) (ii) Long-run aggregate supply (+1) (iii) Real Output (+1) (iv) Price Level (+1) (d) Assume that this country produces two goods, X and Y. Draw a correctly l ...
... decrease in corporate-profits taxes will affect each of the following. (+1 – Includes two graphs and an explanation) (i) Aggregate Demand (+1) (ii) Long-run aggregate supply (+1) (iii) Real Output (+1) (iv) Price Level (+1) (d) Assume that this country produces two goods, X and Y. Draw a correctly l ...
AP Macroeconomics - South Plains College
... monetary policy and the aggregate demand/aggregate supply model combinations of the policies and their effects, international considerations, Aggregate demand/aggregate supply model Chapter 16: Extending the Analysis of Aggregate long-run aggregate supply, demand pull and cost push inflation, the ...
... monetary policy and the aggregate demand/aggregate supply model combinations of the policies and their effects, international considerations, Aggregate demand/aggregate supply model Chapter 16: Extending the Analysis of Aggregate long-run aggregate supply, demand pull and cost push inflation, the ...
National Income and Price Determination Mr. Bordelon Review
... Labor productivity is output per unit of labor. An increase in labor productivity is a source of economic growth. a. Identify two sources of increase in labor productivity. (2 points) Increase in quality/quantity of resources. Increase in technology. Increase in capital. Increase in any inpu ...
... Labor productivity is output per unit of labor. An increase in labor productivity is a source of economic growth. a. Identify two sources of increase in labor productivity. (2 points) Increase in quality/quantity of resources. Increase in technology. Increase in capital. Increase in any inpu ...
Concept 1: Aggregate Supply
... experienced within the economy caused by stagflation Generally, an index of 6 or less is not considered to be a concern. Higher levels, like those experienced during the time Reagan was first elected president (Misery Index = 19.6, with 12.5% inflation, and 7.1% unemployment), are considered harmful ...
... experienced within the economy caused by stagflation Generally, an index of 6 or less is not considered to be a concern. Higher levels, like those experienced during the time Reagan was first elected president (Misery Index = 19.6, with 12.5% inflation, and 7.1% unemployment), are considered harmful ...
Fourth Quiz with answers
... A) less effective, because the Fed's actions will result in higher interest rates and an increase in the crowding-out effect. B) more effective, because the Fed's actions will result in lower interest rates and a reduction in the crowding-out effect. C) more effective, because the Fed's actions will ...
... A) less effective, because the Fed's actions will result in higher interest rates and an increase in the crowding-out effect. B) more effective, because the Fed's actions will result in lower interest rates and a reduction in the crowding-out effect. C) more effective, because the Fed's actions will ...
Final Exam Study Guide Econ 301 Intermediate Macroeconomics
... 4. Understanding why monetary issues are irrelevant in the long run (if they don’t affect real variables, they don’t affect A, K, or L), so that the Keynesian model is not helpful for growth economics. a. Probably saying that “monetary issues don’t affect A, K, or L is too strong. What if monetary p ...
... 4. Understanding why monetary issues are irrelevant in the long run (if they don’t affect real variables, they don’t affect A, K, or L), so that the Keynesian model is not helpful for growth economics. a. Probably saying that “monetary issues don’t affect A, K, or L is too strong. What if monetary p ...
HE9091 Principles of Economics
... This course covers fundamental tools and applications of concepts in microeconomics and macroeconomics. The section on microeconomics focuses on markets as a mechanism for allocating scarce resources. Using tools of welfare economics, it analyses demand, supply, market system and the concepts of ela ...
... This course covers fundamental tools and applications of concepts in microeconomics and macroeconomics. The section on microeconomics focuses on markets as a mechanism for allocating scarce resources. Using tools of welfare economics, it analyses demand, supply, market system and the concepts of ela ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
... on inflationary variables. The result is that the sacrifice ratio increases with openness. The basic idea of this paper—use modern monetary models to explain cross-sectional variation in the output-inflation tradeoff—is an excellent one. The paper, however, does not make nearly as much of this idea ...
... on inflationary variables. The result is that the sacrifice ratio increases with openness. The basic idea of this paper—use modern monetary models to explain cross-sectional variation in the output-inflation tradeoff—is an excellent one. The paper, however, does not make nearly as much of this idea ...
Principles of Macroeconomics
... requirements, discount rate), emergence of federal funds market and discovery of Fed role, changing structure of the Fed, of deposit insurance, 1980s S&L failures, 1989-90 bank failures and FDIC liquidity crisis, and 1989 FIRREA. L. Demand for money: money as medium of exchange or means of payment v ...
... requirements, discount rate), emergence of federal funds market and discovery of Fed role, changing structure of the Fed, of deposit insurance, 1980s S&L failures, 1989-90 bank failures and FDIC liquidity crisis, and 1989 FIRREA. L. Demand for money: money as medium of exchange or means of payment v ...
monetary policy in a cost - push inflation
... Inflation cannot be fought on the cheap. That there is no long-run trade-off between unemployment and inflation is firmly established and affirmed in a recent BOG research in Ghana. There is, however, an equally well established finding of a short-run trade-off. The Keynesian quip that in the long-r ...
... Inflation cannot be fought on the cheap. That there is no long-run trade-off between unemployment and inflation is firmly established and affirmed in a recent BOG research in Ghana. There is, however, an equally well established finding of a short-run trade-off. The Keynesian quip that in the long-r ...
Inflation - Murphonomics
... situation for many goods such as mobile phones and cars. 3. People have different inflation rates. Rising electricity and gas prices may affect old people more than young people. Therefore, old people could have a higher inflation rate than the national average. This is important if ___________ are ...
... situation for many goods such as mobile phones and cars. 3. People have different inflation rates. Rising electricity and gas prices may affect old people more than young people. Therefore, old people could have a higher inflation rate than the national average. This is important if ___________ are ...
The Phillips Curve and the Short-Run Aggregate Supply Curve This
... and inflation and shows how that relationship can be used to derive the short-run aggregate supply curve. The Phillips Curve A. A.W. Phillips found that unemployment was negatively related to wage growth in the United Kingdom. 1. Other economists have found this same negative relationship in many ot ...
... and inflation and shows how that relationship can be used to derive the short-run aggregate supply curve. The Phillips Curve A. A.W. Phillips found that unemployment was negatively related to wage growth in the United Kingdom. 1. Other economists have found this same negative relationship in many ot ...
