Econ 1a Foldvary final guide
1. The types of unemployment.
2. Effects of a price-level change.
3. How much in current unemployments.
4. Causes of unemployments.
5. Types of inflation.
6. Policies in Asia and their consequences.
7. Calculating velocity.
8. Nonsense statements.
9. Effects of required and excess reserves.
10. Federal reserve and interest rates
11, 14. What shifts aggregate demand?
12. Preventing the business cycle
13. C, I, and G in Y.
15. Education in tiny GDP.
16. Natural rate of unemployment.
17. What determines long-run output.
18. Effects of more purchases with cards and apps.
19. The wealth effect.
20. Short-run aggregate supply.
21. Investment spending must come from.
22. Effects of immigration on the labor market.
23. The Physiocrat economists
24. Central banking vs. free banking
25. Menu costs
26. the Gaffney quantum leap effect
27. the Austrian and Keynesian schools of macroeconomic thought
28. Austrian and Georgist schools of economic thought
29. not an example of consumption
30, 46. real interest rates mainly originate in
31. Fannie Mae and Freddie Mac
32. Barter in GDP
33. factors of production
34. Investment rises and interest rates fall. Why?
35. Monetary policy involves
36. remedies for poverty
37. the Philips curve
38, 70. Supply-side policy
39. What if the short-run aggregate supply curve strangely is downward sloping?
40. When there is a huge increase in counterfeit currency
41. Price inflation occurs when
42. A problem with GDP, gross domestic product, which makes it incomplete or in error
43. How we compare real GDP between different years
44. compare economies that grow fast and those which grow slowly
45. Significance of Y - C - G = I
47. function of the rate of interest
48. A government budget deficit
49. Price and monetary inflation
50. The Federal Reserve system increases the money supply, how?
51. When you withdraw currency from a bank at an ATM machine, from your account,
52. How can “economic deprivation” be best described?
53. MZM
54. What policy would most effectively reduce long-term unemployment?
55. Why is unemployment higher in Europe than in the United States?
56. What effect does continuous, long run, price inflation have on the economy?
57. Which of the following is most cost-effective in reducing climate change?
58. The M in MV=PT is
59. The Fed usually creates money by
60. The economist Phillips found that in the United Kingdom ...
61. If a country's economic data shows that private savings equal $V million, government spending equals $W million, taxes equal $X, and the trade surplus equals $Y million.
What does investment equal?
62. In the national savings and investment equation, an inflow of savings from abroad is equal to
63. If the quantity of savings is equal to the quantity of borrowing, then the national savings and investment equation is written as
64. If an economy has a budget surplus of 400, private savings of 1,200, and investment of 1,600, what will the balance of trade in this economy equal?
65. The economy of Lower Slobovia experienced deflation in 2001, with a decrease in the price level of X percent. If the GDP deflator was 1 in January 1, 2001, the index at the end of 2001 is
66. In the Solow growth model, if the savings rate is W; the per-worker GDP equals the per-worker stock of capital goods, the depreciation rate of capital goods is X, and capital goods per worker in year 1 equals Y, then what will be the amount of capital goods in year 2?
67.Which of the following statements is true regarding pure interest:
68. If inflation is expected, then the short-run aggregate supply curve is shaped how?
69. A major cause of recessions has been
71. Changing the level of government spending is an example of what kind of policy?
72. Which economist analyzed the surplus of the economy as land rent?
73. ____________ is usually caused by ____________.
74. The financial accounts in international trade is composed of which sub-accounts?
75. An economy’s rate of growth can be maximized in the long run by
76. General equilibrium means
77. The U.S. imports more than it exports, which implies that:
78. Keynesian policy focuses on which of the following:
79. Eddy is an economics student who wants to compute the GDP for his local community.
His friend tells him he can either compute it based on income or expenditures.
Which of the following is the best strategy for Eddy?
80. In the Four-Graph macroeconomic long-run model (labor market, aggregate production function, diagonal line to shift Y, and AD-AS), ...
81. In the long run, an increase in the supply of money does what?
82. Investment drives the business cycle because
83. The main cause of cyclical recessions and depressions
84. The growth of GDP with no change in MV would do what to AS, AD, and p?
85. Suppose the U.S. Treasury finances a budget deficit by selling bonds the U.S. public. The money supply will
86. Is a central bank is needed by a modern economy?
87. One negative aspect of Henry George's land tax today would be
88. The GDP deflator reflects the
89. Which of the following is the most accurate statement about the relationship between the nominal interest rate and the real interest rate?
90. If there is shortage of loanable funds, then what happens to the supply and demand for loanable funds?