Consumption Expenditures (C): $850 billion
Government Expenditures (G): $400 billion
Investment Expenditures (I): $250 billion
Exports (X): $50 billion
Imports (M): $75 billion
Depreciation: $50 billion
Gross Domestic Product (GDP) is equal to ----- and Net Domestic Product (NDP) is
equal to-----
Give this one a try later!
, $1475 billion; $1425 billion
An increase in consumer confidence when the SRAS curve is toward sloping:
Give this one a try later!
leads to an increase in both the price level and real GDP
Inflation occurs when
Give this one a try later!
the average price level rises
The IS equation shows all combinations of income and interest rates consistent with --
----- market equilibrium, while the LM equation shows all the combinations of income
and interest rates consistent with ------ market equilibrium
Give this one a try later!
product ; money
Assume the per worker production function is y=k^1/2, depreciation is 4% of capital,
the labor force grows at 2%, and the savings rate is 30%. Then, the steady state
equilibrium is achieved when capital per worker is equal to:
Government Expenditures (G): $400 billion
Investment Expenditures (I): $250 billion
Exports (X): $50 billion
Imports (M): $75 billion
Depreciation: $50 billion
Gross Domestic Product (GDP) is equal to ----- and Net Domestic Product (NDP) is
equal to-----
Give this one a try later!
, $1475 billion; $1425 billion
An increase in consumer confidence when the SRAS curve is toward sloping:
Give this one a try later!
leads to an increase in both the price level and real GDP
Inflation occurs when
Give this one a try later!
the average price level rises
The IS equation shows all combinations of income and interest rates consistent with --
----- market equilibrium, while the LM equation shows all the combinations of income
and interest rates consistent with ------ market equilibrium
Give this one a try later!
product ; money
Assume the per worker production function is y=k^1/2, depreciation is 4% of capital,
the labor force grows at 2%, and the savings rate is 30%. Then, the steady state
equilibrium is achieved when capital per worker is equal to:
