L1 17 Aggregate Output, Prices, and Economic Growth

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Flashcard maker: Steven Popovic

Decks in this class (15)

A Calculate and explain GDP as expenditure and income, B, C
B Compare sum-of-value added and value-of-final-output methods of calculating GDP C Compare y and Y and calculaute and interpret the GDP deflator
5  cards
D Compare GDP, National Income, Personal Income, and Personal Disposable Income
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4  cards
E Explain the fundamental relationship among saving, investment, the fiscal balance, and trade balance
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3  cards
F Explain the IS LM curves and how they combine to gen the agg. D curve
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4  cards
G Explain the agg.S curve in SR, LR
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4  cards
I. Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle
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2  cards
J. Explain how SR macroecon Equil. may occur at a level above or below full emp.
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5  cards
L Describe Sources, Measurement, and Sustainability of Economic growth
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3  cards
M Describe the production function approach to analyzing the sources of economic growth
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1  cards
N Distinguish between input growth of total factor productivity a components of economic growth
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4  cards
H Explain causes of movements along and shifts in aggregate demand and supply curves
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11  cards
Analyze the effect of combined changes in Agg. S and Agg. D on the econ.
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4  cards
b compare the sum-of- value- added and value-of- final- output methods of calculating GDP;
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0  cards
c compare nominal and real GDP and calculate and interpret the GDP deflator;
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0  cards
k analyze the effect of combined changes in aggregate supply and demand on the economy;
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0  cards

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L1 17 Aggregate Output, Prices, and Economic Growth

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