Stack #87663
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| T/F Economic flucuations are irregular and unpredictable | show 🗑
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| T/F Most macroeconomic quantities flucuate independently. | show 🗑
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| Fall output means what for unemployment | show 🗑
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| show | only affect nominal variables
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| show | the short run
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| show | aggregate demand
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| show | Y=C+I+G+(E-I)
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| show | the real value of $$ is not fixed (changes in price level)
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| show | Less
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| show | increases
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| show | raises interest rate, reduces investment and demand
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| Low price level...effect on interest rate and foreign currency exchange | show 🗑
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| show | wealthier consumers, more invest (low interest rate), currecy depreciates -->demand for net exports
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| show | changes in consumption, investment, gov't purchases, net exports
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| Cuts in taxes (ag. demand curve) | show 🗑
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| Decrease in money supply (short term interest rate, investment, agg. curve) | show 🗑
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| show | other country goes into recession, buys less US product
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| show | vertical
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| why is agg. supply curve vertical in long run | show 🗑
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| show | changes in labor, capital, natural resources, technological knowledge
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| Congress increase min wage (agg. supply curve) | show 🗑
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| T/F Overall price level does not affect ability to produce goods and services. | show 🗑
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| quantity of output supplied changes when... | show 🗑
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| show | wages are slow to chang
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| HIgher than expected price level and wages | show 🗑
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| menu costs lead to... | show 🗑
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| show | reduces quantity of goods and services supplied, shift left
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| show | price level
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| show | flux in output
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| show | affect overall price level, not outpu
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| show | shift demand left, uncertainity
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| period of falling output and rising prices | show 🗑
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| show | True
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| show | bhttp://www.studystack.com/AddCards.jsp?studyStackId=87663oth increase
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| show | False
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| Saving is smllar than investment and NCO is positive | show 🗑
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| show | dollar appreciated by more japanese goods
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| show | e(P/P*) e is exchange, P* foreign basket
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| If prices increase faster in US than Poland...(nominal rate) | show 🗑
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| US goods when dollar appeciates | show 🗑
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| Part of the demand for loanable funds, and the source of supply of dollars in the foreign exchange market | show 🗑
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| real interest rate is a key determinate of | show 🗑
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| country gets budget deficit | show 🗑
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| impose restrictions on imports (foreign exchange, demand for loanable funds) | show 🗑
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| If gov't will default on debt... | show 🗑
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| show | increases demand
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| people hold less money, lend more and interest rate falls when... | show 🗑
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| T/F when price level falls, investors invest at hom | show 🗑
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| shift in agg demand to cause price level to fall and real GDP increase | show 🗑
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| show | agg demand right
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| show | long run agg supply curve
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| show | long run supply curve go right
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| show | short-run supply right
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| Long run price level and GDP with pessimism | show 🗑
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| show | shift demand right
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| show | decreases US net cap outflow
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| National saving (S)= | show 🗑
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| the rate at which one person can trade the currency of one country for the currency of another | show 🗑
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| arbitrage | show 🗑
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| Limtis to purchase power parity theory (2) | show 🗑
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| demand for dollars by foreigners arising from net export exactly balances the supply of dollars from US net cap outflow | show 🗑
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| show | surplus in dollars supplied, the surplus would drive value of a dollar down
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| show | Market for loanable determines real interest rate, RI rate determines NCO, NCO determins supply for foreign currency Xchange
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| show | increase the demand for dollars, real exchange rate appreciates, Net exports =
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| show | False, NX = NCO
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| Net Exports | show 🗑
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| show | Purchase of foreign goods by residents - purchase of domestic by foreigner
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| show | surplus
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| decrease in value of currency measured by amount of foreign currency it can buy | show 🗑
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| Purchase power parity says nomial exchange rates depend on... | show 🗑
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| As net capital outflow goes from negative to positive, real interest rate... | show 🗑
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| show | domestic assets more attractive
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| show | NCO is less, less supply of dollars, real exchange rate appreciates
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| show | when governments make purchases in increase demand much more than dollar for dollar
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| Multiplier = | show 🗑
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| show | marginal propensity to consume
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| Larger MPC... | show 🗑
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| show | increases interest rate, which paritally offsets rise in agg. demand (crowding out)
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| Explicit goal of US Employment ACt of 1946 | show 🗑
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| Why active stablization? | show 🗑
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| show | 1) Policy has long lag 2) Use tools for long-term goals 3) large dependence on political process
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| Examples of automatic stablizers | show 🗑
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| Effect of higher real wealth... | show 🗑
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| Lower interest rate effect... | show 🗑
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| show | low interest rate moves investors overseas, real value of domestic goods falls increases agg demand
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ktoprani
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