ECON 101 Study Guide - Comprehensive Final Exam Guide - Inflation, Monetary Policy, Interest Rate
20 Nov 2018
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Document Summary
Part 1 lecture: history, first money developed before 2000, evolved in mesopotamian region and spread to mediterranean through trade routes. Increased unemployment and decreased inflation: solow growth model. Part 2 lecture: controlling money supply for fiat money, federal reserve is central bank, system of banks (pyramid form, top : ruling and policy making entities (board of gov. Implied multiple lower is better (more returns in long term) - getting money back faster. Part 4 lecture: trump budget: emphasis on war, not peace; expansionary, spending (overall increased spending, cuts medicare, medicaid & food stamps funding, decrease funding for epa, state department, foreign aid. Increased child tax credit benefits, r&d, limit interest expense deductions. Increase standard deduction: state, local income & sales/property tax capped @ 10k, caps interest deductions on debt, limits itemized deductions, chain cpi for indexing, raise estate tax exemption.
