Study Guides (248,276)
Canada (121,450)
York University (10,193)
MATH 3281 (3)
Dr. (1)
Final

macro Final review.docx

3 Pages
122 Views
Unlock Document

Department
Mathematics and Statistics
Course
MATH 3281
Professor
Dr.
Semester
Winter

Description
D Ch20 Expenditure appGICXM Income appwagesInterestrentprofitindirect taxessubsidiesdepreciationReal GDP base year pricesNominal GDP same year pricesRecession negative growth of real GDP for at least 2 quartersStatistical discrepancy the gap between Exp Approach and Inc approachD Ch21When 1Unemployment is frictional and structural 2unemployment ratenatural unemployment rate 3real GDPpotential GDP the economy is at full employmentInflation ratechange in price levelchange in CPI from 1 period to the nextGDP deflatorratio of nominal GDP to real GDPCPI cost of CPI basket at current period price cost of CPI basket at base year prices100Inflation rate CPI this yearCPI last yearCPI last year 100CPIC nominal consumption expreal consumption exp100D Ch26Potential GDPLASSAS curves shift to the RightQuantity of real GDP demanded YCIGXMexpected future income expected inflation rate expected future profitAggre
More Less

Related notes for MATH 3281

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit