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Textbook Notes for Sohn

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MSUECON 101SohnFall

ECON 101 Chapter Notes - Chapter 13: Regressive Tax, Proportional Tax, Progressive Tax

Brianne Sousa4 Page
30 Aug 2017
0
Fiscal policy: deliberate changes in, government spending, taxes, designed to, achieve full-employment, control inflation, encourage economic growth. E
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MSUECON 101SohnFall

ECON 101 Chapter Notes - Chapter 6: Nominal Rigidity, Business Cycle, Opportunity Cost

Brianne Sousa3 Page
30 Aug 2017
0
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MSUECON 101SohnFall

ECON 101 Chapter Notes - Chapter 3: Marginal Utility, Demand Curve, Complementary Good

Brianne Sousa4 Page
30 Aug 2017
0
Markets: interactions between buyers and sellers, markets may be local, national, international, price is discovered in the interactions of buyers and
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MSUECON 101SohnFall

ECON 101 Chapter Notes - Chapter 1: Marginalism, Marginal Utility, Marginal Cost

Brianne Sousa3 Page
30 Aug 2017
0
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MSUECON 101SohnFall

ECON 101 Chapter Notes - Chapter 10: Real Interest Rate, Fiscal Multiplier, Demand Curve

Brianne Sousa3 Page
30 Aug 2017
0
Income consumption and saving: consumption and saving, primarily determined by di, direct relationship, consumption schedule, planned household spendin
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MSUECON 101SohnFall

ECON 101 Chapter Notes - Chapter 9: National Research Universal Reactor, Business Cycle, Full Employment

Brianne Sousa6 Page
30 Aug 2017
0
Economic growth: is economic growth desirable and sustainable, the antigrowth view, environmental and resource issues, in defense of economic growth, h
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MSUECON 101SohnFall

ECON 101 Chapter Notes - Chapter 14: Federal Open Market Committee, Open Market Operation, Legal Tender

Brianne Sousa4 Page
30 Aug 2017
0
Functions of money: medium of exchange, used to buy/sell goods, unit of account, goods valued in dollars, store of value, hold some wealth in money for
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MSUECON 101SohnFall

ECON 101 Chapter Notes - Chapter 11: Government Spending, Autarky

Brianne Sousa3 Page
30 Aug 2017
0
Assumptions and simplifications: use the keynesian aggregate expenditures model, prices are fixed, gdp= di, begin with private, closed economy, consump
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MSUECON 101SohnFall

ECON 101 Chapter Notes - Chapter 2: Capital Good, Creative Destruction, Capital Accumulation

Brianne Sousa3 Page
30 Aug 2017
0
The command system: also known as socialism or communism, government ownership or resources, decisions made by a central planning board, north korea, c
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MSUECON 101SohnFall

ECON 101 Chapter Notes - Chapter 12: Aggregate Supply, Aggregate Demand, Government Spending

Brianne Sousa3 Page
30 Aug 2017
0
Consumer spending: consumer wealth, household borrowing, consumer expectations, personal taxes. Investment spending: real interest rates, expected retu
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