Consumption is an example of a ..... variable
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procyclical variable
New keynesian macro financial factors in the macroeconomy
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financial crisis - quite frequent
origins - wide fluctuations in booms and drops
triggers - assets prices
financial fragility
A problem of menu costs in explaining price rigidities is that they are
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too small
the phillips curve is a
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negative relationships between inflation and unemployment
According to the Keynesian consumption theory, an artist whose income fluctuates
from year to year will:
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have higher average propensity to consume i years of lower income
, remedies
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Ex: ante - regulation
Ex: post - unconventional policies
LM
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condition for equilibrium in the money market relationship between Y and I
such that the money market is in equilibrium
5. The sum of wages and gross profits is defined as,
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GDI (gross domestic income)
Choose one that does not explain consumption behavior of an economic agent:
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theory of investment
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procyclical variable
New keynesian macro financial factors in the macroeconomy
,Give this one a try later!
financial crisis - quite frequent
origins - wide fluctuations in booms and drops
triggers - assets prices
financial fragility
A problem of menu costs in explaining price rigidities is that they are
Give this one a try later!
too small
the phillips curve is a
Give this one a try later!
negative relationships between inflation and unemployment
According to the Keynesian consumption theory, an artist whose income fluctuates
from year to year will:
Give this one a try later!
have higher average propensity to consume i years of lower income
, remedies
Give this one a try later!
Ex: ante - regulation
Ex: post - unconventional policies
LM
Give this one a try later!
condition for equilibrium in the money market relationship between Y and I
such that the money market is in equilibrium
5. The sum of wages and gross profits is defined as,
Give this one a try later!
GDI (gross domestic income)
Choose one that does not explain consumption behavior of an economic agent:
Give this one a try later!
theory of investment
