Economics Macro 8/26/11 1. amount append charts deal with Price levels / rising prices rates and reliable 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 spend helps plus the GDP. 5. Ways to slow down the economy argon halt spending, Raise taxes, Increase imports and decrease exports, unemployment rate increase. 6. Cost-Push swelling: Occurs when leave decreases and production slows down. 7. CP lump through history: * 1973, 1979, 1990. This occurred im put upable to a shortage in oil provision. * The years that followed resulted in a recessional period. * America has gone through 3 recessions. * The chief(prenominal) cause has been due to oil problems. * The Post Office is put off many workers due to the internet. People are exploitation email to send documents and pay bills.
* Demand Pull inflation: occurs when inflation and prices go up due to aggregate quest increase. * Ms=GDP * Money supply 1000% * If the currency supply grows so does the GDP * There are another(prenominal) 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 freedwoman believes that our banks make or break our economy. * Arthur Laffer is a believer in supply s! ide.If you motivation to get a full essay, indian lodge it on our website:
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