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Gross domestic product

Economics Commentary (IB, IA)

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Economics
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economics
macroeconomics
monetary policy
Fiscal policy
Keynesian Economics
inflation
Gross domestic product
Recession
unemployment
Fiscal multiplier
Contractionary monetary policy
Economic history of Mexico
Business

Commentary This article is about a recent decline in England?s economy, and how it may affect us on a macroeconomic level (i.e. the country?s future in regards to its, monetary policy, employment, GDP, and inflation). As England endures their economic recession we?ve seen an increase in unemployment, reductions in salaries and wages, and a decrease in consumer confidence.

Macroeconomics complete course study guide

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Economics
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economics
Consumer theory
demand
Economic theories
macroeconomics
International economics
Crowding out
inflation
Supply and demand
Gross domestic product
Aggregate demand
deflation
Business

AP Macroeconomics Exam: Course Study Guide [ UNIT I ] What is economics? the systematic study of choice textbook definitions ? refer to the allocation of scarce resources in order to satisfy societal wants What is the basic problem of economics? scarcity scarcity is the problem in the world that humans invented economics in order to address ? scarcity CANNOT be solved, only addressed or accommodated ? scarcity is the state of affairs in the world where a finite amount of stuff exists to satisfy a virtually infinite amount of human wants ? [scarcity = wants > resources ] ? to be scarce, something must be both limited and desirable ? scarce ? scarcity Sometimes, definitions of economics incorporate the three basic questions of economics: What to make/produce?

AP Macroeconomics Unit 1 Study Guide

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Economics
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economics
Terminology
macroeconomics
Consumer theory
Microeconomics
Economic theories
Supply and demand
Gross domestic product
Economic equilibrium
Production–possibility frontier
Economic growth
supply
Business

AP Macroeconomics UNIT 1 Study Guide (Chapters 1-3) Part 1: Multiple Choice (36 questions, 2 points each) 1. Provide a definition for scarcity as it relates to economics 2. Understand the concept of opportunity cost and be able to apply it to a real life scenario (I.e. going out rather than studying for this test) 3. Provide a definition for the production possibilities curve as it relates to the allocation of resources in a society. 4. Describe the shape for a production possibilities curve as it relates to constant or increasing opportunity costs. 5. Provide a definition for the market mechanism. 6. Describe Karl Marx?s approach to the 3 basic economic questions

Macroeconomics Formula Sheet

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Economics
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macroeconomics
economics
IS/LM model
Crowding out
Expansionary monetary policy
Fiscal policy
Contractionary monetary policy
Gross domestic product
Fiscal multiplier
monetary policy
Multiplier
Supply-side economics
Business

Inflationary Gap: At Capacity, The difference between Planned Expenditure and Agg. Output (rise in price not met with rise in Y) Causes of Inflation: Demand Pull ? initiated by MD? Cost Push/Supply-Side ? caused by ?Costs and ?Supply Stagflation- Causes both Y? P? - BAD NEWS Expectations: Of price increases cause companies to collectively pre-empt by increasing prices causing the real price to rise Monetary/Fiscal: Expansionary monetary/Fiscal policy at capacity will also push up AD causing inflation Lags: Recognition, Implementation -much longer for Fiscal Policies, Response - time it takes for the economy to adjust after implementation- much longer for Monetary Policies)

Unit One Power Point " Living in the Environment" Miller

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Environmental Science
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Environment
Environmental social science
economics
Environmentalism
Economic indicators
sustainability
Gross domestic product
Economic growth
globalization

"Only after the last tree has been cut down. Only after the last river has been poisoned. Only after the last fish has been caught. Only then will you find that money cannot be eaten." - Cree Indian Prophecy?? Environmental Science? Natural + Social Sciences How Earth works, how we affect it, what we can do to minimize impact Ch 1: Environmental Problems, Causes and Sustainability Problem: Exponential Population Growth ~6.6 Billion Predict: 7-14 Bill. by 2100 Use too much too fast ? not sustainable Sustainable: provides food, shelter, water, air indefinitely for generations Red-linear, Blue-cubic, Green-exponential The Rule of 70 Exp. Growth: Birth Rate higher than Death Rate Doubling time of pop. depends on % growth rate

Ch 7 econ notes

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Economics
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economics
macroeconomics
National accounts
Fiscal policy
business cycle
unemployment
Recession
Gross domestic product
Government budget deficit
Political debates about the United States federal budget
Balance of trade
Business

1.????? Real Economic growth a.?????? How does real economic growth occur? ????????????????????????????????????????????????????????????? i.????? When the factors of production improve b.????? What does it look like on an AS AD model? ????????????????????????????????????????????????????????????? i.????? Aggregate= Total ??????????????????????????????????????????????????????????? ii.????? On Y axis is Average Price Level ????????????????????????????????????????????????????????? iii.????? On X axis is Real GDP (Real Output c.?????? PPC? ????????????????????????????????????????????????????????????? i.????? AD=C+Ig+G+Xn 1.????? Consumption, Investment, Gov Spending, Exports 2.????? So the curve will shift with these factors 2.????? Business Cycle (See One Note) a.?????? Explain What it is

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