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Presentation transcript:

Exam Review Mix

In the SR, wages and prices are often

Slope of the LRAS curve?

Describe

Describe again

Describe

Describe

Government Stimulus Checks

A short streak of beautiful weather that improves employee morale

European recession

20 million immigrants in one year

Which types of unemployment exist?

Demand-side economic policies become ineffective in which range of the SRAS curve?

PPC

AD/AS LR equilibrium

Money Market Graph

Loanable Funds Graph

Phillips Curve

Foreign Exchange dollar and euro

Demand for Money and Functions of Money Transaction Demand Asset Demand Store of Value Medium of Exchange

Demand for Money and Functions of Money Transaction Demand Asset Demand Store of Value Medium of Exchange Which function is missing?

Appreciate or Depreciate? Increase interest rates

Appreciate or Depreciate? Relatively high inflation

Appreciate or Depreciate? Increase exports

Appreciate or Depreciate? Contractionary monetary policy

Appreciate or Depreciate? Government deficit spending

Better indicator of increased standard of living Real per capita GDP Nominal per capita GDP

How can unemployment go down without new job creation?

Opportunity cost of holding cash

Shows an inverse relationship between inflation rate and unemployment

3 Fed Tools

Vertical range of SRAS

Unemployment at vertical range of SRAS

Monetary/Fiscal combo that will most def lead to increased inflation

$ depreciates. NX?

Measures change in prices of a fixed basket of goods

Increased spending of $10 million MPC of .9 Max GDP change?