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University of Oregon
EC 313 Exam Study Guide
Professor: John voorheis

gdp 313

Study guide and answers to gdp 313

Economics 313: Macroeconomics Richard Higgins Lecture 1: April 1, 2014 Real GDP : total income of everyone in the economy Unemployment rate : fraction of labor force out of work Inflation rate: measure of how fast prices are rising For analyzing: Endogeneous variables: model tries to explain (determined within model) Exogeneous variables: model that takes as given (comes from outside the model) Thi

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