用Quizlet學習並牢記包含Macroeconomics does NOT try to answer the question of: A) why do some countries experience rapid growth B) what is the rate of return on education C) why do some countries have high rates of inflation D) what causes recessions and
The model of short-run fluctuations focuses on the behavior of which two variables? 1. Real variable: Output of goods and services (real GDP (Y))2. Nominal variable: Average level of prices (CPI or GDP deflator (P)) Aggregate Demand (AD) Total demand for the economy's output of goods...
focuses on loans for large ticket purchases (homes, cars, etc...) credit unions non-profit organization owned by members, earning surpluses are used to lower member costs store money pay consumer interest on their balance lend money loan money to others to earn a profit home mortgage you get...
用Quizlet學習並牢記包含The Fed has substantial control over the money supply.、smaller than 1/RR.、5等詞語及更多內容的單詞卡。
Classical economists focuses on long-run issues Classical economists believe that economic business cycles are temporary glitches, and generally favor laissez-faire, or nonactivist policies Keynesian economists believe that business cycles reflect underlying problems that can be addressed with activist governme...