Poleco - Samenvattingen, Aantekeningen en Examens

Polecon 107 Midterm -qualified answers - GDP (output): fluctuations but overall steady/flat - General prices: general price level at the end of the civil war and end of WWI were the same, but prices went up and down (inflation and deflation) - employment: volatility similar to GDP and general prices 1920s -qualified answers - GDP/Output: 4.2% growth in output (normally 2% growth in US) - General Prices: moderate deflation - Unemployment rate: around 5% - time when there was more bei...

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