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Macroeconomics

This class was created by Brainscape user Birgit Ernø-Kjølhede. Visit their profile to learn more about the creator.

By: Birgit Ernø-Kjølhede
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Decks in this class (14)

Chapter 3: National income
What determines the supply side o...,
What does the production function...,
What are the assumptions of the p...
26  cards
Chapter 4: The monetary system
What are the 3 purposes of money ...,
What is fiat money and what is co...,
What is the primary way of contro...
28  cards
Ch 1 + Ch 2 - The science and data of macroeconomics
What are endogenous and exogenous...,
What do we mean by market clearing,
What do market clearing models as...
18  cards
Chapter 5 - Inflation
What do we mean by monetary netur...,
What is classical dichotomy,
What is the quantity theory of money
23  cards
Chapter 6 - The open economy
What is the key difference betwee...,
Expenditure in an open economy ca...,
What is the national income ident...
23  cards
Chapter 8 Economic growth I: Capital accumulation and population growth
What is the supply of goods in th...,
What does constant returns to sca...,
What is the slope of the producti...
27  cards
Chapter 9 - Economic growth II: Technology, empirics and policy
How does the production function ...,
What is labour augmenting,
Which rate does the effective num...
21  cards
Chapter 11 - Building the IS-LM Model
What is the implication of the fi...,
What are the two parts of the is ...,
What is the goal of the is lm model
29  cards
Chapter 12 - Applying the IS-LM model
How does an increase in governmen...,
How does a change in taxes affect...,
How does the is lm change if ther...
20  cards
Chapter 13 - The Mundell-Fleming model
What are the key assumptions of t...,
What is the is equation curve,
What is the lm equation curve
31  cards
Chapter 10 - Introduction to macroeconomic fluctuations
When is it a recession,
What are the most volatile compon...,
What is the average gdp growth
29  cards
Chapter 14 – Aggregate supply and the short-run trade-off between inflation and unemployment
What do the three models of aggre...,
How does the economy respond to a...,
What does the sticky price model ...
36  cards
Chapter 15 - Stabilization policy
What are inside lags and outside ...,
Why does monetary policy have a m...,
How do some economists argue stab...
21  cards
Macroeconomic overview
What characterises the long run,
What characterises the very long run,
What characterises the short run
9  cards

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Macroeconomics

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