EC 202 (EC202)

EC 202 Introduction To Macroeconomics COMPLETE EXAM NOTES 2025 Michigan State University

EC 202 Introduction To Macroeconomics EXAM 1 PRACTICE QUESTIONS AND ANSWERS 2025 Michigan State University

MSU EC 202 (Introduction To Macroeconomics) NOTES EXAM 2 all what you need to know Michigan State University Expectations - Future income - Future availability, if you expect that a good won't be available in the future, that can increase your demand today - Future Prices, if you expect prices to decrease in the future, that can reduce your demand today Substitutes -often, you are not deciding between buying one good and buying nothing all -instead you are deciding whether to buy one g...

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Microeconomics 201- AP practice mc questions with answers. * Detailed * For practice purposes * For students

Ch7 Tracking the Economy -GDP &GNI -Gross Domestic Product definition -Consumer Price Index -Graph showing the relationship between govet/ household;d/ financial market and market for goods&services in money and non- money flow -What are include in GDP -How many approaches in calculating GDP -Gross National Product definition and why is it different from GDP -Limitations of GDP approach -Price index summary clear concepts

Ch8 Employment/ Unemployment and Inflation -Employed / unemployed and labor force definition -how to calculate their percentage with the formula -Significance of the unemployment rate -Type of unemployment -Wages type -Cost of inflation -Fisher equation

Ch6 Macroeconomic : the big picture summary -difference between macro and micro -business cycle and policy diminish security -long-run economic growth determine country's standard of living? -inflation and deflation why price stability is preferred -why does international macro matter and how does it interact with deficit and surplus?