Keynes Film Festival
Greater aggregate demand leads to a higher price level and this change in real output.
What is an increase in real output?
In a limited-reserves banking system, if the reserve ratio is 10%, and a bank gets a $1,000 demand deposit, by how much do reserves grow?
What is $100?
What is less time?
If all other curves are constant, and short-run aggregate supply rises, this happens to Real GDP in the short run.
What is increase?
The type of relationship that the law of demand shows between price and quantity demanded.
What is a negative relationship?
The spending multiplier is a 1 greater than this multiplier.
What is the tax multiplier?
The money multiplier is 1 / this number.
What is the reserve ratio?
This exists when both parties in a game theory scenario are incentivized to choose the same option.
What is Nash equilibrium?
Long-run aggregate supply can be shifted by this.
This slope for elasticity of a demand curve is 0.
What is perfectly inelastic?
The equilibrium price exists where these two curves meet.
What are Supply and Demand?
This is used by the central bank to adjust the policy rate (also functional as the policy rate) in an ample reserves system.
What is Interest on Reserves?
This classic example of game theory has become prevalent in pop culture.
What is the prisoner's dilemma?
If aggregate demand falls, and short-run aggregate supply rises, this will happen with price level.
This term describes a situation in a market where the quantity supplied of a good equals the quantity demanded at a particular price, resulting in no pressure for the price to change.
What is market equilibrium?
This often changes after AD shifts.
What are wages?
This bank liability does not need to be accounted for in required reserves.
What is owner equity?
This British game show is a popular example of game theory.
What is Golden Balls?
What is an indeterminate change?
This concept occurs when a good's demand is highly sensitive to changes in price, and the quantity demanded changes proportionally more than the price change, often calculated using the formula (ΔQd/Qd)/(ΔP/P).
What is the price elasticity of demand?
In periods of recession, John Maynard Keynes may have recommended these fiscal policies.
What is lower taxes and greater government spending?
The M1 money supply fails to include these.
What are time deposits?
When one party has no preference, and the other has a sure preference, this occurs.
What is double Nash equilibrium?
In the Champions League knockout rounds, two games are played to decide which team moves forward. If the teams split the games, this is used to determine who moves forward.
What is Aggregate Score?
This phenomenon occurs when the imposition of a per-unit tax on a good shifts the supply curve vertically upwards by the amount of the tax, potentially causing a deadweight loss and changing both the equilibrium price and quantity.
What is the tax incidence?