ECON 1102 Lecture Notes - Lecture 5: Marginal Cost, Opportunity Cost, Consumption Function
15 Oct 2018
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Econ 1102 - lecture #5 - chapter 21. Find the inflation rate between 2013 and 2014. Gdp deflator (2014) gdp deflator (2013) / gdp deflator (2013) *be sure to fully know chapter 21 and 22 to understand later chapters. For each additional dollar you earn, you will spend 0. 8 dollars. Some places do not use credit cards as frequently, they are not borrowing so they find themselves in less debt. For example, if consumption shifts up, then savings shifts down. The 3 categories of investment are: inventory accumulation, residential construction, and, new plant and equipment, investment expenditure is the most volatile component of gdp and changes in investment expenditure are strongly associated with aggregate economic fluctuations. The 3 important determinants of desired investment expenditure are: real interest rate, changes in the level of sales, and, business confidence. Ae = c + i = 30 + 0. 8 y + 75.
