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Study Guides for Cameron

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ANUECON1102CameronSpring

ECON1102 Study Guide - Final Guide: Wall Street Crash Of 1929, Great Depression, Protectionism

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Real and financial disruptions fed (cid:271)a(cid:272)k i(cid:374)to o(cid:374)e a(cid:374)othe(cid:396) i(cid:374) a (cid:858)(cid:448)i(cid:272)ious
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ANUECON1102CameronSpring

ECON1102 Study Guide - Final Guide: Well-Order, Production Function, Open Economy

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ANUECON1102CameronSpring

ECON1102 Study Guide - Final Guide: Gap Year, Structural Unemployment, Demand Curve

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Macro aa summary week 5: labour and unemployment. Employed and unemployed: to (cid:271)e (cid:272)lassified as employed, a person must have worked only
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ANUECON1102CameronSpring

ECON1102 Study Guide - Final Guide: Ceteris Paribus, Capital Accumulation, Diminishing Returns

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Economic growth - growth in total (national) real economic output. Change in y between period t and t + 1: (yt+1 - yt)/yt. Maximising growth: one could
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ANUECON1102CameronSpring

ECON1102 Study Guide - Final Guide: Net Domestic Product, Transfer Payment, Purchasing Power Parity

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Three ways to measure gdp and its components. Expenditure approach - the sum of the total expenditure on final goods and services by households, invest
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ANUECON1102CameronSpring

ECON1102 Final: Week 8 Macro

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The ad-as model examines how short-run fluctuations in real gdp and the price level occur and how they affect total output. The ad curve is built from
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ANUECON1102CameronSpring

ECON1102 Study Guide - Final Guide: Macroeconomic Model, Aggregate Demand, Equilibrium Point

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The ad-as model: we have already seen a long-run macro-economic model; the sollow-swan model, we will now move toward a short-run macro-economic model;
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ANUECON1102CameronSpring

ECON1102 Study Guide - Final Guide: Fiscal Policy, Output Gap, Aggregate Demand

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ANUECON1102CameronSpring

ECON1102 Study Guide - Final Guide: Monetarism, Macroeconomics, Real Interest Rate

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ANUECON1102CameronSpring

ECON1102 Study Guide - Final Guide: Commercial Bank, Excess Reserves, Monetary Base

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In the long-run money is neutral and simply exists to facilitate exchange in the real economy. In the short-run, money can interact with the real econo
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ANUECON1102CameronSpring

ECON1102 Study Guide - Final Guide: Classical Dichotomy, Price Level, Longrun

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Price level is just a number: changes in prices are, in effect, irrelevant, simply changing the nominal value of goods and services, not its actual val
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ANUECON1102CameronWinter

ECON1102 Study Guide - Final Guide: Deficit Spending, Ceteris Paribus, Budget Constraint

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In terms of short-run business cycle management, monetary policy seeks to influence ad through interest rates, i. e. indirectly. Fiscal policy involves
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