ECON 2010 Study Guide - Final Guide: Price Ceiling, Demand Curve, Gdp Deflator

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18 Jun 2014
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Final study guide: labor force participation rate (know formula), lfp = labor force workignage population. 100: labor force, labor force = number employed + number unemployed, unemployment rate (know formula), unemployment rate = number unemployed labor force. Final study guide: inflation = rate of monetary growth+change velocity rate of output growth. Interest rates o interest rate: more investment in us assets, us interest rate demand for usa $ (cid:224) Value of dollar o interest rate: less investment in us assets, us interest rate demand for usa $ (cid:224) Value of dollar: expectations of currency traders, expect value of dollar to , going to buy more $ now demand for usa , expect value of dollar to , buy less $ now. In japan, interest rate: supply for $ (cid:224) investment (cid:224) investment in japanese assets (cid:224) in japanese assets (cid:224, expectations of currency traders expected value of, supply more $ to get expected value of.

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