Macroeconomics exam - Study guides, Class notes & Summaries

Test Bank for Macroeconomics: Canada in the Global Environment 12ce Canadian 12th Edition by Michael Parkin, Robin Bade. Full Chapters test bank (Chapter 1 to 15 ) are included with answers. What Is Economics? The Economic Problem Demand and Supply Measuring GDP and Economic Growth Monitoring Jobs and Inflation Economic Growth Finance, Saving, and Investment Money, the Price Level, and Inflation The Exchange Rate and the Balance of Payments Aggregate Supply and Aggregate Demand Expe...

AP Macroeconomics Definitions Exam Questions and Answers

Movement on Short-Run Phillips Curve CORRECT ANSWER Shift in AD (graph movement is in opposite direction) Shift of Short-Run Phillips Curve CORRECT ANSWER Shift in SRAS (shift is in opposite direction) Factors of Production CORRECT ANSWER 1. Land 2. Labor 3. Capital 4. Technology Shifters of Demand for Loanable Funds CORRECT ANSWER 1. Incentive to Invest 2. Contractionary Fiscal Policy (to the right) Shifters of Supply of Loanable Funds CORRECT ANSWER 1. Incentive to Save 2. Mon...

Macroeconomics Exam Questions With 100% Correct Answers What is GDP? - answer(gross domestic product) the total dollar value of all final goods and services produced within the country's borders in a given year. Important features of GDP: - answerdollar value goods and services final products, within a country's borders, and in a given year 4 categories of spending: - answerconsumption investment government purchases Xnet (net exports) Suppose a house is built and sold in the year ...

Test Bank for Macroeconomics 9e 9th Edition by Olivier Blanchard. Full Chapters test bank are included with answers (Chapter 1 to 24 Plus Appendix 1,2,3). The Goods Market Financial Markets I Goods and Financial Markets; The IS-LM Model Financial Markets II PART 3: THE MEDIUM RUN The Labor Market The Phillips Curve, the Natural Rate of Unemployment, and Inflation Putting All Markets Together: From the Short to the Medium Run PART 4: THE LONG RUN The Facts of Growth Saving, Capital A...

Macroeconomics Exam Questions With 100% Correct Answers What is GDP? - answer(gross domestic product) the total dollar value of all final goods and services produced within the country's borders in a given year. Important features of GDP: - answerdollar value goods and services final products, within a country's borders, and in a given year 4 categories of spending: - answerconsumption investment government purchases Xnet (net exports) Suppose a house is built and sold in the year ...

AP Macroeconomics Exam Questions All Solved New Update (Verified A+ Pass) Circular flow - Answers - A model that shows how households and firms circulate resources, good, and incomes through the economy. This basic model is expanded to include the government and the foreign sector. Closed economy - Answers - A model that assumes there is no foreign sector (imports and exports) Aggregation - Answers - The process of summing the microeconomic activity of households and firms into a more m...

AP Macroeconomics Exam Questions And Answers cyclical unemployment unemployment that reflects changes in the business cycle; the difference between the official unemployment rate & the natural rate of unemployment. demand-pull inflation inflation that follows from an increase in aggregate demand, which will cause equilibrium real GDP (Y) to increase and the equilibrium price level (P) to increase. depreciation when the price of one currency falls relative to another currency, the first ...

AP Macroeconomics Exam Practice Test Questions with Answers According to the short-run Phillips curve, lower inflation rates are associated with Higher unemployment rates Higher government spending Larger budget deficits Greater labor-force participation rates Smaller labor-force participation rates - Answer>> A) Higher unemployment rates The Phillips curve demonstrates the inversely proportional relationship between inflation and unemployment (more unemployment = lower inflat...

AP Macroeconomics Exam Review with Answers aggregate demand curve - Answer>> a curve depicting the relationship between real GDP demanded (i.e., expenditures) and the price level in the economy; the aggregate demand curve slopes downward from left to right. aggregate supply curve - Answer>> a curve defining the relationship between real production and price level. business cycles - Answer>> fluctuations in real GDP around the trend value; also called economic fluctuati...