Macroeconomics
... your interest or questions regarding my class. Attendance: Three-strike policy - absence from more than 25 percent of the classes for each semester results in automatic failure. If you arrive late to the class, it is your responsibility to let me know at the end of class so that I can check off your ...
... your interest or questions regarding my class. Attendance: Three-strike policy - absence from more than 25 percent of the classes for each semester results in automatic failure. If you arrive late to the class, it is your responsibility to let me know at the end of class so that I can check off your ...
14.02 Principles of Macroeconomics Problem Set 4 Fall 2004
... 4. Suppose the aggregate supply takes the following form: P = (1.5) P e + (1 / 50)(Y − Yn ) and P=1. Assume we are in the short-run for now. What is the equilibrium output, Y*? What is the expected price level, Pe? Draw the AS-AD diagram. 5. The Keynesian government is up for reelection soon, and so ...
... 4. Suppose the aggregate supply takes the following form: P = (1.5) P e + (1 / 50)(Y − Yn ) and P=1. Assume we are in the short-run for now. What is the equilibrium output, Y*? What is the expected price level, Pe? Draw the AS-AD diagram. 5. The Keynesian government is up for reelection soon, and so ...
Transcript
... or even a few years. But, when looked at over a period of many years, there is evidence that the aggregate supply curve is essentially vertical, suggesting that there is no relationship between the price level and output. Which of these stories (or theories) are we to believe? The best answer may be ...
... or even a few years. But, when looked at over a period of many years, there is evidence that the aggregate supply curve is essentially vertical, suggesting that there is no relationship between the price level and output. Which of these stories (or theories) are we to believe? The best answer may be ...
Economics EOCT Review
... 34. What is a progressive tax? Give an example of a progressive tax? 35. What is a regressive tax? Give an example of a regressive tax? 36. Create a supply and demand curve showing the effects of a price ceiling and a price floor. 37. What is the effect of a price ceiling? What is the effect of a pr ...
... 34. What is a progressive tax? Give an example of a progressive tax? 35. What is a regressive tax? Give an example of a regressive tax? 36. Create a supply and demand curve showing the effects of a price ceiling and a price floor. 37. What is the effect of a price ceiling? What is the effect of a pr ...
Lecture 2 PPT - Kleykamp in Taiwan
... dollars of money (reserves held at the Fed). They do this because of simple Keynesian liquidity preference – they expect higher rates will prevail in the future and do not want to lend now at low rates. (2)Pushing short term rates to zero (and making them negative in real terms) has decreased the re ...
... dollars of money (reserves held at the Fed). They do this because of simple Keynesian liquidity preference – they expect higher rates will prevail in the future and do not want to lend now at low rates. (2)Pushing short term rates to zero (and making them negative in real terms) has decreased the re ...
AP Macro Slybs
... test scores, and the responses the remaining 1/3. Homework will also be included in the points, but they will count for much less. However, understanding the homework is the key to being successful in this class. We will go on a strictly per point basis, with no weighting for tests, etc. ...
... test scores, and the responses the remaining 1/3. Homework will also be included in the points, but they will count for much less. However, understanding the homework is the key to being successful in this class. We will go on a strictly per point basis, with no weighting for tests, etc. ...
chap9-1
... Foreign and domestic price levels Exchange rates Government policy (tariffs, trade restrictions, etc.) ...
... Foreign and domestic price levels Exchange rates Government policy (tariffs, trade restrictions, etc.) ...
Yarmouk University Economics 200
... How to measure nominal and real GDP and how to calculate the annual growth rate of anything over any period of time. Understand the Keynesian expenditure model and the IS-LM model. Understand the fiscal dept and deficits, national saving, and the link between international deficits, national s ...
... How to measure nominal and real GDP and how to calculate the annual growth rate of anything over any period of time. Understand the Keynesian expenditure model and the IS-LM model. Understand the fiscal dept and deficits, national saving, and the link between international deficits, national s ...
Test 1
... than previously, and (b) the growth rate of M2 was much higher than the growth rate of M1. Explain how the high inflation of the decade relates to each of these facts. By the quantity theory of money, rapid growth of the money supply (relative to the growth rate of aggregate output) causes the infla ...
... than previously, and (b) the growth rate of M2 was much higher than the growth rate of M1. Explain how the high inflation of the decade relates to each of these facts. By the quantity theory of money, rapid growth of the money supply (relative to the growth rate of aggregate output) causes the infla ...
Unit 6
... Chapter 15.3 (Aggregate Demand & Aggregate Supply) Which determinants affect which curve(s) and how? o What are the results on PL and output following a curve shift? How does this model tie into fiscal policy? What is the principal difference between short-run aggregate supply and long-run agg ...
... Chapter 15.3 (Aggregate Demand & Aggregate Supply) Which determinants affect which curve(s) and how? o What are the results on PL and output following a curve shift? How does this model tie into fiscal policy? What is the principal difference between short-run aggregate supply and long-run agg ...
Notes 1. that`s a Fedspeak for - что на языке ФРС означает 2
... How does the author define NAIRU? What Russian term corresponds to it? What does the term "tight labor market" mean? What does the "Federal Reserve" stand for? What's its function? What's the name of the Fed policy? What is its Russian equivalent? Why may 2006 be different from the late 90s? Expand ...
... How does the author define NAIRU? What Russian term corresponds to it? What does the term "tight labor market" mean? What does the "Federal Reserve" stand for? What's its function? What's the name of the Fed policy? What is its Russian equivalent? Why may 2006 be different from the late 90s? Expand ...
Quiz: Introductory Macroeconomics
... 8) How does an increase in government transfer payments affect aggregate demand? An example of an increase in transfer payments is an increase in Social Security payments, which increases the disposable income of the person who receives it. a. It has the same effect as a tax increase, which lowers A ...
... 8) How does an increase in government transfer payments affect aggregate demand? An example of an increase in transfer payments is an increase in Social Security payments, which increases the disposable income of the person who receives it. a. It has the same effect as a tax increase, which lowers A ...
weekly article inflation
... er-price-index/19189151/ This article talks about the overall inflation in the US, even with the considerable drop in gas prices. Inflation has picked up in October of 2014, especially noticeable in items like automobiles, pork, beef, pharmaceuticals, and electric power. Prices in items like pork ha ...
... er-price-index/19189151/ This article talks about the overall inflation in the US, even with the considerable drop in gas prices. Inflation has picked up in October of 2014, especially noticeable in items like automobiles, pork, beef, pharmaceuticals, and electric power. Prices in items like pork ha ...
Quiz: Introductory Macroeconomics
... 8) How does an increase in government transfer payments affect aggregate demand? An example of an increase in transfer payments is an increase in Social Security payments, which increases the disposable income of the person who receives it. a. It has the same effect as a tax increase, which lowers A ...
... 8) How does an increase in government transfer payments affect aggregate demand? An example of an increase in transfer payments is an increase in Social Security payments, which increases the disposable income of the person who receives it. a. It has the same effect as a tax increase, which lowers A ...
Macroeconomics Key Graphs
... price of old bond must decrease (or no one will want to buy them) When interest rates decrease, price of old bond increase (more people will want to buy them) Bond prices are determined by bond supply and demand. ...
... price of old bond must decrease (or no one will want to buy them) When interest rates decrease, price of old bond increase (more people will want to buy them) Bond prices are determined by bond supply and demand. ...
Economic Fluctuations: Unemployment and Inflation
... when people are not spending money then stuff piles up on the shelves at the store, and merchants lower prices in hopes of moving their goods and services. It becomes a vicious spiral. Deflation tends to cripple an economy. Another troubling possibility is stagflation – a combination of inflation an ...
... when people are not spending money then stuff piles up on the shelves at the store, and merchants lower prices in hopes of moving their goods and services. It becomes a vicious spiral. Deflation tends to cripple an economy. Another troubling possibility is stagflation – a combination of inflation an ...