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Textbook Notes for Michael H O

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UTSCMGEA05H3Michael H OWinter

MGEA05H3 Chapter Notes - Chapter 6: Barry Eichengreen, John Maynard Keynes, Business Cycle

OC4534465 Page
9 Apr 2016
35
Macroeconomics economic fluctuations, ways to prevent slumps, long-run economic growth, inflation, and open-economy macroeconomics. The nature of macro
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UTSCMGEA05H3Michael H OWinter

MGEA05H3 Chapter Notes - Chapter 7: Investment Goods, Unemployment Benefits, Human Capital

OC4534465 Page
9 Apr 2016
35
Chapter 7: gdp and the cpi - tracking the macroeconomy 2016. China passed japan as the second-largest economy in 2010 comparisons of national economies
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UTSCMGEA05H3Michael H OWinter

MGEA05H3 Chapter Notes - Chapter 8: Nominal Interest Rate, Unemployment, Real Interest Rate

OC4154095 Page
31 Aug 2015
38
Inflation rate = [(price index in year 2 price index in year 1) / price index in year 1] x 100. Employment: is the total number of people in the econom
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UTSCMGEA05H3Michael H OWinter

MGEA05H3 Chapter 14: Chapter 14 -Money, Banking, And The Central Banking System

OC4154095 Page
31 Aug 2015
49
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UTSCMGEA05H3Michael H OWinter

MGEA05H3 Chapter Notes - Chapter 9: Production Function, Longrun, Factors Of Production

OC4154094 Page
31 Aug 2015
58
Rule of 70: is the time it takes a variable that grows gradually overtime to double is approximately 70 divided by that variable"s annual growth rate (
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UTSCMGEA05H3Michael H OWinter

MGEA05H3 Chapter Notes - Chapter 10: Government Budget Balance, Gross Domestic Product, Loanable Funds

OC4154095 Page
31 Aug 2015
49
Savings-investment spending identity: states that savings and investment spending are always equal for the economy as a whole. The savings-investment s
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UTSCMGEA05H3Michael H OWinter

MGEA05H3 Chapter Notes - Chapter 6: Business Cycle, Deflation, John Maynard Keynes

OC1209382 Page
11 Feb 2015
88
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UTSCMGEA05H3Michael H OWinter

MGEA05H3 Chapter Notes - Chapter 11: Disposable And Discretionary Income, Permanent Income Hypothesis, Retained Earnings

OC4154093 Page
31 Aug 2015
58
Marginal propensity to consume (mpc): is the increase in consumer spending when disposable income rises by . Mpc is a positive fraction less than 1, i.
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UTSCMGEA05H3Michael H OWinter

MGEA05H3 Chapter Notes - Chapter 7: Investment Goods, Gdp Deflator, National Accounts

OC1209384 Page
20 Feb 2015
65
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UTSCMGEA05H3Michael H OWinter

MGEA05H3 Chapter Notes - Chapter 15: Nominal Interest Rate, Demand Curve, Aggregate Demand

OC4154094 Page
31 Aug 2015
28
Non-monetary assets: are assets that are not made up of money, nor function as money. The interest rate of tying up your funds and the opportunity cost
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UTSCMGEA05H3Michael H OWinter

MGEA05H3 Chapter Notes - Chapter 12: Price Level, Aggregate Demand, Aggregate Supply

OC4154096 Page
31 Aug 2015
10
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UTSCMGEA05H3Michael H OWinter

MGEA05H3 Chapter Notes - Chapter 10: Autarky, Human Capital, Nominal Interest Rate

OC4534462 Page
9 Apr 2016
14
Chapter 10: savings, investment, and the financial system 2016. 2 essential ingredients in economic growth - human capital (public education) and physi
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