[ECON 2] - Final Exam Guide - Comprehensive Notes for the exam (82 pages long!)

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: money, inflation, and monetary policy: data in economics. Pro-cyclical: exhibits a direct relationship with the real gdp growth rate: building data sets, interpreting macroeconomic data. Leading: change in the variable"s growth rate precedes the change in the real gdp growth rate. Counter-cyclical: lagging less need for production so less workers. Counter-cyclical inflation increases then consumption decreases, thus rgdp decreases: leading more inflation lowers spending. Unemployment rate appears to be leading the inflation rate. Inflation rate is much more volatile than the unemployment rate: an introduction to the loanable funds market. Price stability: the effect of the money supply on inflation and the interest rate. Loanable funds market: encompasses all banks, financial institutions, and the federal reserve. System within the economy with the purpose of regulating savings, investment, and money: the loanable funds model. Operates in the long run (lr: savings and investment. X-axis quantity of funds (q funds: changes in the loanable funds model.

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