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Economics II

This class was created by Brainscape user Alexander Schiffmann. Visit their profile to learn more about the creator.

By: Alexander Schiffmann
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Decks in this class (10)

GDP and the Measurement of Progress
Definition of gross domestic prod...,
Definition gdp per capita 2,
Definition intermediate goods and...
26  cards
Growth, Capital accumulation, and the economics of Ideas
Why do countries that are catchin...,
What s a production function 2,
Write down the production functio...
16  cards
Unemployment and Labour Force Participation
How is the unemployment rate calc...,
How good an indicator is the unem...,
What s frictional unemployment 3
18  cards
Inflation and the Quantity Theory of Money
Give a definition of inflation 1,
Inflation can be measures using s...,
What s a real price 3
18  cards
Business Fluctuations: Aggregate Demand and Supply
Define the solow growth rate 1,
What s the aggregate demand curve 2,
What are real shocks 3
12  cards
Transmission and Amplification Mechanisms
What are the five main transmissi...,
Give an example of intertemporal ...,
Explain intertemporal substitution 3
13  cards
The Federal Reserve System and Open Market operations
What is the federal reserve system 1,
Why do large private banks keep t...,
Name the 4 most important assets ...
33  cards
Monetary Policy
The federal reserve can in theory...,
What makes a monetary policy cred...,
What s the difference between dis...
17  cards
The Federal Budget: Taxes and spending
What s the marginal tax rate 1,
What s an average tax rate 2,
What s income tax 3
15  cards
International Finance
Explain a trade deficit 1,
Explain a trade surplus 2,
Define the balance of payments 3
29  cards

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Economics II

  • Class purpose General learning

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