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AP Macroeconomics Formulas & Graphs Flashcards

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8754265145Spending Multiplier1/ MPS0
8754265146Tax Multiplier-MPC/ MPS1
8754265147Money Multiplier1/ RRR2
8754265148Real Interest RateNominal Interest Rate - Inflation Rate3
8754265149Opportunity Cost (Output Method)Alternate Item Produced/ Item Produced4
8754265150GDP (Expenditure Approach)C + I + G + NX (consumption + investment + government spending + net exports)5
8754265151GDP (Income Approach)W + I + R + P (wages + interest payments + rent + profits)6
8754265152GDP Growth RateGDP Year 2 - GDP Year 1/ GDP Year 1 x1007
8754265153Inflation RateCPI Year 2 - CPI Year 1/ CPI Year 1 x 1008
8754265154Unemployment Rate# of unemployed/ # in labor force x 1009
8754265155Consumer Price IndexCurrent year basket price/ base year basket price x 10010
8754265156GDP DeflatorCurrent year basket price/ base year basket price x 10011
8754265157Labor ForceEmployed + Unemployed12
8754265158Labor Force Participation RateLabor force/ population x 10013
8754265159Marginal Propensity to Consume∆ Consumption/ ∆ Income14
8754265160Marginal Propensity to Save∆ Savings/ ∆ Income15
8754265161Real GDPNominal GDP/ GDP Deflator x 10016
8754265162Quantity Theory of MoneyMV = PQ17
8754265163MPC + MPS =118
8754265164AD/ AS Recessionary Gap19
8754265165Money Market Graph20
8754265166Production Possibilities Curve21
8754265167Phillips Curve22
8754265168Loanable Funds Graph23
8754265169AD/ AS Model Full Employment24
8754265170AD/ AS Inflationary Gap25
8754265171Business Cycle26
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