Exam (elaborations)
Peregrine Exam Day 7
- Course
- Institution
Peregrine Exam Day 7
[Show more]
Seller
Follow
lydiaomutho
Content preview
Peregrine Exam Day 7price level - CORRECT ANSWER-a measure of the average prices of goods and
services in the economy
Price levels are expressed in... - CORRECT ANSWER-small ranges or as
discrete values such as dollar figures
Price levels are leading indicators in the economy; - CORRECT ANSWER-rising
prices, indicate higher demand leading to inflation while declining prices indicate
lower demand or deflation
In the investment world.... - CORRECT ANSWER-price level is referred to as
support and resistance, which help define entry and exit points
monetary policy - CORRECT ANSWER-Government policy that attempts to
manage the economy by controlling the money supply and thus interest rates.
Aggregate Demand - CORRECT ANSWER-the amount of goods and services in
the economy that will be purchased at all possible price levels
How is CPI used? - CORRECT ANSWER-1. as a target policy: to gauge our
success in low inflation
-to measure inflationary tendencies
2. to index payments
3. to translate from nominal to real values
Consumer transaction - CORRECT ANSWER-A transaction in which an
individual incurs an obligation primarily for personal, family, or household
purposes.
economic growth - CORRECT ANSWER-the ability of the economy to increase
the production of goods and services
Increases in capital goods, labor force, technology, and human capital -
CORRECT ANSWER-can all contribute to economic growth
, Economic growth is commonly measured in terms of the increase in aggregated
market value of additional goods and services produced - CORRECT
ANSWER-using estimates such as GDP
National Savings - CORRECT ANSWER-the sum of private savings and the
budget balance, is the total amount of savings generated within the economy
National savings rate is GDP that is... - CORRECT ANSWER-saved rather than
spent in an economy
It is calculated as the difference between a nation's income and consumption
divided by income - CORRECT ANSWER-National savings rate
The_____ is an indicator of a nation's health as it show trends in savings, which
lead to investments - CORRECT ANSWER-national savings rate
Household savings can be a source of borrowing - CORRECT ANSWER-for
governments to provide funds for public works and infrastructure needs
fiscal policy - CORRECT ANSWER-Government policy that attempts to manage
the economy by controlling taxing and spending.
monetary policy - CORRECT ANSWER-Government policy that attempts to
manage the economy by controlling the money supply and thus interest rates.
Supply-side policies - CORRECT ANSWER-economic policies designed to
stimulate the economy by increasing production
expansionary fiscal policy - CORRECT ANSWER-An increase in government
purchases of goods and services, a decrease in net taxes, or some combination
of the two for the purpose of increasing aggregate demand and expanding real
output
expansionary monetary policy - CORRECT ANSWER-monetary policy that
increases aggregate demand
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller lydiaomutho. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83637 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now