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Download Study Guide Exam #4 Below is a suggested list of study topics for
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Study Guide Exam #4 Below is a suggested list of study topics for Exam number 4. This is not intended to be a complete list of everything that will appear on the exam. All material presented in class is fair game. You will be allowed the use of your notebook on the exam. If you have any questions, please ask prior to the test. Chapter 12 – Macroeconomic Performance Gross Domestic Product (GDP) Things excluded from GDP Real vs Current GDP Gross National Product Circular Flow of Economic Activity Urban vs. Rural Population Dependency Ratio Poverty threshold Reasons for income inequality Antipoverty programs Income assistance General Assistance Social Service Programs Workfare Chapter 13 – Economic Instability Business Cycles/Fluctuations Recession/Expansion Reading a graph (Peaks and Troughs) Changes in Investment Spending Innovation and Imitation Great Depression Recovery and Legislation Business Cycles after WWII Chapter 15 – Economic Stabilization Policies Demand-Side Policies Supply-Side Policies Keynesian Economics Republicans vs Democrats Budget Debate Monetary Policies Types of Fiscal Policy Council of Economic Advisers
