Alpaca
How old is Donald Trump
78
What is the equation for aggregate demand?
C + I + G + NX
When AD, SRAS and LRAS intersect, the economy is at ....
long run equilibrium
What is the target for the inflation rate in Australia?
2-3%
If there is an AUD appreciation, then Australian exports will become _____________ competitive
less
k = 1/1-MPC or k = 1/MPS
What famous wall is visible from space?
Great Wall of China
What are the three key macroeconomic variables considered in the AD/AS model?
Inflation, unemployment and economic growth.
"NaCl" is better known as what?
Salt
What colors mix to make green?
Blue and yellow
Is 18 a prime number?
No
What are diamonds made of?
Carbon
The natural unemployment rate consists of
Frictional and structural unemployment
What is the value of k when MPS = 0.5
2
What do these three things have in common?
1.Income or wealth effect
2.Interest rate effect
3.Open economy effect
Reasons for negative relationship between AD and inflation
When Shrek tries to explain himself to Donkey in Shrek, what does he compare himself to?
An onion
What are the three categories of consumption?
Durable goods, non-durable goods and services
Which category constitutes the largest component of consumption?
Services
What is the largest ocean on Earth?
Pacific
How many bones are in the human body?
206
Bump, set, and spike are terms from which sport?
Volleyball
How many dots are on one six-sided die?
21
What does a sommelier specialize in?
Wine
Identify five factors that affect net exports
The marginal propensity for leakages is the sum of what?
Marginal propensity to save + marginal propensity to import + marginal propensity to tax