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What is proposed by the Okun's Law?

What is proposed by the Okun's Law?
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School: University of Oregon

Department: Economics

Course: Intermediate Macro Economics

Professor: John voorheis

Term: Spring 2015

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Cost: 50

Name: midterm 1 study guide

Description: Econ 313 Study guide Output ● The most common measure of output is Real Gross Domestic Product

Uploaded: 04/18/2015

10 Pages 194 Views 2 Unlocks
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16 pages

Economics 313 - Study Guide

Spring 2015

John Voorheis

ECON 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
34 pages

EC313 final study guide

Spring 2015

John Voorheis

ECON 313

Chapter 2  Definition of GDP 1
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week 2 notes The goods market & The money market

Spring 2015

John Voorheis

ECON 313

The goods market The money market
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midterm 2 313

Spring 2015

John Voorheis

ECON 313

Midterm 2 Econ 313 Labor market ● The unemployment rate is U /LF ● LFPR is (U+E)/P , and employment ● population ratio is E/P ● The household survey is designed to measure the unemployment rate ● The Establishment survey is designed to track employment (the number of jobs) ● If fewer hires, the chance of an unemployed worker finding a job falls ● If firms layoff workers, the emplo
32 pages

Econ 313 Final study guide

Spring 2015

John Voorheis

ECON 313

Econ 313 Study guide Output ● The most common measure of output is Real Gross Domestic Product

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