INTRO MACROECONOMICS [C4GE]
INTRO MACROECONOMICS [C4GE] GECON 200
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This 1 page Class Notes was uploaded by Lela Moen on Saturday September 26, 2015. The Class Notes belongs to GECON 200 at James Madison University taught by Robert Horn in Fall. Since its upload, it has received 27 views. For similar materials see /class/214107/gecon-200-james-madison-university in General Education at James Madison University.
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Date Created: 09/26/15
Economics GECON200 First Exam Review guide I III Economics Basics Microeconomics and Macroeconomics B How economists approach issues and problems C The Circular Flow Diagram what it shows D The Production Possibilities Curve 1 points oninsideoutside the curve 2 the shape of the curve 3 shifting the curve gt Demand and Supply A The demand curve 1 why the curve is downward sloping 2 movements along versus shifts in the curve B The supply curve same as for demand curve C Market equilibrium 1 changes in demand 2 changes in supply 3 both change 4 price oors and price ceilings the Macro economy Nominal and real GDP GDP components and measurement The business cycle The labor market 1 employment unemployment and the labor force 2 the unemployment rate 3 discouraged workers E In ation and de ation can Macroeconomic Measurements A How to compute real and nominal GDP B What is included in GDP and what is not C The GDP price de ator D The consumer price index measurement and analysis 2 changes in the CPI compute and interpret 3 biases in the CPI
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