Economics Macro 8/26/11 1. hoard up append charts deal with Price levels / rising prices rates and genuine GDP. 2. Pricelevels/ pretension rate is on the y-axis and the real GDP is on the X-axis. 3. exuberant employment point is reached when the AS curve starts to go good and intersects the AD curve. 4. Savings hurt the GDP and expense helps plus the GDP. 5. Ways to slow down the economy atomic number 18 halt spending, Raise taxes, Increase imports and decrease exports, unemployment rate increase. 6. Cost-Push fanfare: Occurs when leave decreases and production slows down. 7. CP flash through history: * 1973, 1979, 1990. This occurred due(p) to a shortage in oil provision. * The years that followed resulted in a recessional period. * America has gone through tercet recessions. * The chief(prenominal) cause has been due to oil problems. * The Post Office is confide off many workers due to the inter net. People are victimization email to send documents and pay bills.
* Demand Pull inflation: occurs when inflation and prices go up due to aggregate enquire increase. * Ms=GDP * Money supply 1000% * If the bullion supply grows so does the GDP * There are former(a) formulas other than the Keynesian Theory, There is the Monetarist Theory, and Supply-side Economics, and the Austrian School. * Paul Krugman is a hardline Keynesianist. Believes that organisation spending is the key to all of our problems. * Milton freedman believes that our banks make or break our econom y. * Arthur Laffer is a believer in s! upply side.If you motivation to get a full essay, assure it on our website:
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