ch 22 part 1
where supply and demand intersect
what is equilibrium?
the investment demand curve
what is another word for the demand curve for loanable funds?
the economy's potential output
what is the natural rate of output?
measured by the annual percentage change in r output of goods/services per capita
what is economic growth?
888E
what is the scantron used for exams?
households
is private saving households or government?
r interest rates increase, the amount of loanable funds supplied increases
what is supply of loanable funds?
per person
what does per capita mean?
70 over the growth rate = the years to double output
what is the rule of 70 formula?
1-3pm and 12-2pm
what are the ETC session times?
the saving supply curve
what is another word for the supply curve of loanable funds?
negative public saving
what is dissaving?
the percentage that a nation's rgdp per capita has increased in one year
what is growth rate?
the causes of economic growth
what is physical capital, human capital, natural resources and technology?
who is the best professor on campus?
what is demand for loanable funds?
t < g
what is the formula for budget deficit?
the amounts of goods/services a worker can produce per hour
what is productivity?
extending the class
what does ETC stand for?
t > g
what is the formula for budget surplus?
government
is public saving households or government?
savings & investment, infrastructure, research & development, property rights, free trade, education and institutions
what are the public policies that assist economic growth?
present value times 1 + growth rate times the number of years = future value
what is the formula for future value?
oab 278, li-134 and so 209
what are the ETC session classroom locations?