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AP Macroeconomics Formulas & Equations Questions And Answers $15.99   Add to cart

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AP Macroeconomics Formulas & Equations Questions And Answers

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AP Macroeconomics Formulas & Equations Questions And Answers Inflation rate = ((CPI this year − CPI last year)) × 100 Amount in today's dollars = (amount in year T dollars) × ((price level today) / (price level in year T)) Real Wage = (Wage / unit of time) / (Price / unit of output) Quan...

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  • October 13, 2024
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  • Exam (elaborations)
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  • AP Macroeconomics
  • AP Macroeconomics
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AP Macroeconomics Formulas & Equations
Questions And Answers

Inflation rate = ((CPI this year − CPI last year)) × 100




Amount in today's dollars = (amount in year T dollars) × ((price level today) / (price level

in year T))




Real Wage = (Wage / unit of time) / (Price / unit of output)




Quantity equation: (Money supply × Velocity of money) = (Price × real GDP)




Velocity of Money = (Price × real GDP) / (Money supply)




Fisher Effect: (nominal interest rate) = (inflation rate) + (real interest rate)




Wealth Effect: When the price level rises, consumer spending decreases.




Interest Rate Effect: When the price level rises, investment spending decreases.

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