This class was created by Brainscape user Alex Nguyen. Visit their profile to learn more about the creator.

Decks in this class (11)

Chapter 1 - The Science Of Macroeconomics
Macroeconomics,
Give an example of an issue studi...,
What are the 3 key foundations of...
18  cards
Chapter 2 - The Data of Macroeconomics
Cpi formula,
Gdp deflator formula,
Labour force formula
30  cards
Chapter 3 - National Income (1st Half)
Cobb douglas production function,
Diminishing marginal returns,
Gdp is dependent on 2 things
16  cards
Chapter 5 - Inflation
Velocity,
Why do we use nominal gdp p y ins...,
Quantity equation
15  cards
Chapter 10 - Intro to Economic Fluctuations
Why is the long run aggregate sup...,
Why is the short run aggregate su...,
Okun s law
13  cards
Chapter 11 - Aggregate Demand (Building IS-LM Model)
Government purchases multiplier,
Tax multiplier,
Is curve
14  cards
Chapter 3 - National Income (2nd Half)
Disposable income,
Consumption function,
Autonomous consumption
22  cards
Chapter 12 - Aggregate Demand (Applying IS-LM Model)
Why does the bank of canada targe...,
When the is curve shifts due to a...,
When the is curve shifts due to a...
7  cards
Chapter 6 - The Open Economy
Give 2 reasons why ppp does not h...,
Despite its flaws why is ppp a us...,
How can the nominal exchange rate...
14  cards
Chapter 14.1 - Basic Theory of Aggregate Supply
What are the 3 models of aggregat...,
Give 2 reasons why r may differ f...,
What nominal wage is set in the s...
5  cards
Chapter 13 - The Mundell-Fleming Model & the Exchange-Rate Regime
Give 2 reasons why r may differ f...,
Why is the lm curve vertical,
Why is is downward sloping
6  cards

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ECON 282

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