For Final Exam
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Three Types of Unemployment (UE) | show 🗑
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| show | Caused by people changing jobs and new employees entering the work force, Desirable UE, Around 5%, 5% is also known as full emmployment
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| show | Caused by downturns in the business cycle, Undesirable, Solved by upturns in the business cycle
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| Structural UE | show 🗑
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| Determinates of the Consumption Function | show 🗑
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| show | The portion of current disposable income (Yd) that is spent on consumption. APC=C/Yd C=Total current consumption
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| show | The relationship between current disposable income (Yd) and current consumption expenditure (C).
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| show | The proportion of any additional current disposable income (Yd) that is spent on consumption. MPC=ΔC/ΔYd C=Total current consumption
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| show | C=a+b*Yd a=how much would be consumed if Yd were 0, b=the slope term, rise over run, MPC
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| Fisher Equation | show 🗑
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| Consumer Price Index (CPI) | show 🗑
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| Real Value of Any Asset | show 🗑
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| The GDP Gap | show 🗑
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| Costs of UE | show 🗑
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| The Two Macro Economic Problems | show 🗑
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| Effects of π | show 🗑
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| Keynes Two APC/MPC Hypothesis | show 🗑
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| show | Financial (stocks, bonds, savings accounts, etc) and Durable Goods (Cars, Houses, Furniture, etc.)
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| Planned Total Expenditure (PTE) | show 🗑
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| Inventory Adjustment Mechanism | show 🗑
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| Fiscal Policies for UE and π | show 🗑
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| show | Mg=1/1-MPC, Mg=ΔY/ΔG, with constant interest
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| Tax Multiplier | show 🗑
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Or sort by any of the columns using the down arrow next to any column heading.
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Created by:
nobdow
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