Lras Study guides, Revision notes & Summaries
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CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers,100% CORRECT
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CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers 
 
Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) 
 
Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ 
 
Larger ratio is better 
 
If (Rₜ) is risk free rate, then it becomes Sharpe Ratio 
 
Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ 
 
Larger ratio is better 
 
If (Rt) is higher than RFR, then it becomes Safety First Ratio 
 
Central...
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Macro Essay Plans Exam With 100% Correct Answers 2024
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Macro Essay Plans Exam With 100% Correct Answers 2024 
 
Evaluate the view that free-market supply-side reforms are beneficial to the UK economy [25] - correct answer-Supply side policies are the set of micro and macro government policies used to improve national economic performance by creating more competitive & efficient markets. 
 
Decrease NMW & benefits 
(reduced real wage unemployment), reduced income so increased incentive to work, increased labour supply, decrease wage costs, increase S...
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ECN 211 Final Exam Terms
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Demand-Pull Inflation Correct Answer-increases in the price level (inflation) resulting from an excess of demand over output at the existing price level, caused by an increase in aggregate demand 
 
Cost-Push Inflation Correct Answer-increases in the price level (inflation)resulting from an increase in resource costs (for example, raw material prices) and hence in per unit production costs; inflation caused by reductions in aggregate supply 
 
Wealth Effect Correct Answer-A change in the real va...
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WGU D089 Module 8-Solved 100%
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Draw a graph of aggregated demand. Make sure to label the axis - ANSWER-Vertical axis is Price and Horizontal Axis is GDP 
 
How does the quantity of GDP demanded change as the price level in the economy increases? Illustrate this on your graph - ANSWER-It leads to a lower quantity of spending on domestic goods and services decline 
 
List and explain the components of aggregate demand - ANSWER-Consumption spending when disposable income increases, so does consumption spending and AD shifts to t...
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CFA Level 1 Economics 241 Questions with Answers 2023,100% CORRECT
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CFA Level 1 Economics 241 Questions with Answers 2023 
 
 
Price Elasticity of Demand Formula - CORRECT ANSWER (% Change in Quantity Demanded) / (%t Change in Price) 
 
Cross Elasticity of Demand Formula - CORRECT ANSWER (% Change in Quantity Demanded) / (% Change in Price of Substitute or Complement) 
 
Income Elasticity of Demand Formula - CORRECT ANSWER (% Change in Quantity Demanded) / (% Change in Income) 
 
Price Elasticity of Supply Formula - CORRECT ANSWER (% Change in Quantity Supplied)...
And that's how you make extra money
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PEARSON EDEXCEL GCE AS LEVEL IN ECONOMICS A (8EC0) MARK SCHEME (RESULTS) SUMMER 2019
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PEARSON EDEXCEL GCE AS LEVEL IN ECONOMICS A (8EC0) 
MARK SCHEME (RESULTS) SUMMER 2019 
Pearson Edexcel GCE AS Level in Economics A (8EC0) 
 
Paper 02 The UK economy: performance and policies 
 
General marking guidance	 
 
•		All candidates must receive the same treatment. Examiners must mark the last candidate in exactly the same way as they mark the first. 
•		Mark schemes should be applied positively. Candidates must be rewarded for what they have shown they can do rather than be penalise...
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ECON 103 FINAL EXAM STUDY GUIDE QUESTIONS AND ANSWERS GRADED A
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Final Exam Study Guide 
Mixing of chapters to put things together: 
A short-run equilibrium (SRE) is an intersection between which curves? 
AD & SRAS 
A long-run equilibrium (LRE) is an intersection between which curves? 
AD & SRAS & LRAS (resources institutions technology) 
(Classify these points as short run equilibriums, long run equilibriums, recessions, and/or overheated 
economies and make up unemployment rates for each point) 
At A the economy is at Recession (U>U=5%) (U=7%) (U=17%) 
A...
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WGU D089 Principles of Economics – TESTS Already Passed
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WGU D089 Principles of Economics – TESTS Already Passed 
Which type of economy is characterized by a government that plans and controls all economic activity? Command Correct! A command economy is a centralized economic system in which all economic decisions are made by the nation's government. 
What is an example of a normative economic statement? Marginal tax rates should be lowered on high-income individuals. Correct! A marginal tax rate is the amount of money an individual pays in taxes o...
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Sophia (Macroeconomics) - Unit 2 Milestone
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Sophia (Macroeconomics) - Unit 2 Milestone 
Which statement below is NOT a reason why the aggregate demand curve slopes downward? ANSAs the price level falls, consumption and investment decrease. 
 
Which of the following would be true if demand became more inelastic? ANSThe consumer will receive more of the benefit of the subsidy. 
 
George wants to get rid of his old car so he can purchase a newer model. He has figured out that he will not accept a price lower than $3,000, but a buyer offers t...
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Macro 15m for Gabe Xx Exam With Complete Solutions 2024
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Macro 15Macro 15m for Gabe Xx Exam With Complete Solutions 2024 
 
Price stability relates to an absence of volatility in the inflation rate. In the UK the Bank of England is charged with the responsibility of achieving price stability by ensuring the inflation rate remains around 2% over the medium term. 
Unemployment relates to the number of people who are willing and able to work at existing wages rates but cannot find a job. 
 
 
LRAS DIAGRAM AD out 
 
 
As the economy grows from y1 to y1 th...
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