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Inflation

macroeconomics spring exam, questions and answers

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Name: _________________________________ Days/Times Class Meets: ___________ Today?s Date:__________ 1 Macroeconomics, Spring 2008, Final Exam, several versions Read these Instructions carefully! You must follow them exactly! I) On your Scantron card you must print three things: 1) Print your full name clearly; 2) Print the day and time of your section (for example TTh 7 AM); 3) Print the number I have written in ink on the upper right corner of your copy of this test. (This number tells me which version of the test you have. Without it your test cannot be graded properly and you get no credit for your answers.) II) Answer on your Scantron card, using a #2 pencil. Warning: SOME QUESTIONS MUST BE ANSWERED SEVERAL TIMES!

World War 2

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ECON Topic/Objective: Section 3 Name: Jack Joa Essential Question: What is Measurement of Economic Performance? Questions: Notes: Module 10 The Circular Flow & Gross Domestic Product The national income and product accounts, (often referred as the national accounts) -A household (consists of either an individual or a group of people who share their income) -A firm(organization that produces goods and services for sale, it also employs members of households) -Product markets are where goods and services are bought and sold. -Factor markets are where resources, especially capital and labor, are bought and sold. -Consumer spending- is household spending on goods and services. -a stock is a share in the ownership of a company held by a shareholder.

GDP

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Cornell Notes Topic / Objective: Name: Jack Andrew Joa Gross Domestic Product Notes Class: Economics 1100 ? 01: Introduction To The American Economy Period: 1st Period Date: Friday February 10th, 2017 Essential Question: Gross Domestic Product Questions: Notes: The Circular Flow And The national income and product accounts, often referred as the national accounts. Gross Domestic Product: A Household: Consists of either an individual or a group of people who share their income. A Firm: Organization that produces goods and services for sale, it also employs members of households. Product Markets: Where goods and services are bought and sold. Factor Markets: Where resources, especially capital and labor, are bought and sold.

Minimum Wage

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Minimum Wage Nathan Yu ENGLISH LANGUAGE AND COMPOSITION SECTION II Question 1 (Suggested time?40 minutes. This question counts for one-third of the total essay section score.) Minimum Wage has been a highly controversial topic for many years. Supporters argue that it is necessary in that minimum wage provides more to workers, allowing them to live better lives. Others argue that minimum wage may provide temporary benefits, it only causes harm to the economy as it causes inflation and unemployment.

Civil War

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Civil War Pre-Civil War (Chapter 20) Rich man?s war ? the rich could pay their way out of conscription Morrill Tariff raised the tariff 5-10% Treasury prints money, causes massive inflation North - $1.00 became 39 cents South had 9000% inflation Sale of bonds became very important ? North raised $2.6 Billion Precursor to today?s Federal Reserve system North had an economic boom due to suppliers making money People making low quality items and skimming the profit Bountiful harvest in the north (good crops) Oil discovered in Pennsylvania Women enlisted in the armies posing as men Women in the medical field Dr. Elizabeth Blackwell, 1st Female M.D. Clara Barton, established Red Cross Dorothea Dix, famous nurse Before the war, the South held 20% of U.S. wealth; after the war, 12%

AP Macroeconomics notes part 1

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AP Macroeconomics Study Guide ? Version 1.00 I. Basic Economic Concepts Economic Goals 1. Economic growth ? produce more and better goods and services 2. Full employment ? suitable jobs for all citizens who are willing and able to work 3. Economic efficiency ? achieve the maximum production using available resources 4. Price-level stability ? avoid large fluctuations in the price level (inflation + deflation) 5. Economic freedom ? businesses, workers, consumers have a high degree of freedom in economic activities 6. Equitable distribution of income ? try to minimize gap between rich and poor 7. Economic security ? provide for those who are not able to earn sufficient income 8. Balance of trade ? try to seek a trade balance with the rest of the world

AP econ scoring guide

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AP? Macroeconomics 2008 Scoring Guidelines Form B The College Board: Connecting Students to College Success The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,400 schools, colleges, universities, and other educational organizations. Each year, the College Board serves seven million students and their parents, 23,000 high schools, and 3,500 colleges through major programs and services in college admissions, guidance, assessment, financial aid, enrollment, and
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