Macroeconomics
Macroeconomics
Macroeconomics
Macroeconomics
Random Unrelated Questions
100
ΔY Taxing
Tax Multiplier x Change in Taxes
100
AD/AS Graph
Shows the entire macroeconomy in short run (current) equilibrium and long run equilibrium. Used to analyze how changes in the economy affect price level, output, and unemployment.
When the LRAS is stagnant the economy is in Long Run Equilibrium, when it shifts to the left the economy is in an Inflationary Gap, and when it shifts to the right the economy is in a Recessionary Gap.
Shifters of AD:
C+I+G+(X-M)
Shifters of SRAS: Anything that would affect an economy's supply
Shifters of LRAS: Anything that would affect an economy's potential output
100
PPC Graph
Shows a hypothetical economy which produces two goods and the maximum combination of those goods that can be produced if resources are fully utilized
Shifters: The Amount of Resources, The Quality of Resources, and Technology
100
Phillips Curve Graph
Shows the inverse relation of Unemployment and Inflation in an economy.
Shifters of SRPC: Same as SRAS but in opposite direction
Shifters of LRPC: anything that would shift unemployment
100
First Person to draw a correct AD/AS graph (with LRAS) gets 1000 points
200
ΔY Spending
Spending Multiplier x Change in Spending
200
Marginal Propensity to Save (MPS)
Change in Savings/Change in Disposable Income
200
Spending Multiplier
1/1-MPC or 1/MPS
200
Taxing Multiplier
-MPC/1-MPC or -MPC/MPS
200
What percent is my chromebook on?
Closest person wins
300
Consumer Price Index (CPI)
(Market Basket Current Year/Market Basket Base Year) x 100
300
GDP Deflator
(Nominal GDP/Real GDP) x 100
300
Real GDP
Base Year prices x Current Year Quantities
300
Inflation Rate
((Y2 - Y1)/Y1) x 100
300
A.I. didn't Generate The TikTok Image of this pig/human eventually killed by Tim cheese.
Who is John Pork?
400
Nominal GDP
Current Year Prices x Current Year Quantities
400
Unemployment Rate
(Unemployed/Labor Force) x 100
400
Natural Rate of Unemployment (NRU)
Frictional Unemployment + Structural Unemployment
400
Aggregate Demand (AD)
Consumption+Investments+Government Spending+(Exports-Imports). C+I+G+(X-M).
X-M could also be referred to as Net Exports. (same as GDP Expenditure)
400
How many hairs do river otters have per square inch?
100,000 to 450,000 hairs per square inch
500
Market Basket of Given Year
Current Year Prices x Base Year Quantities
500
GDP Expenditure Equation
C + I + G + (X - M)
500
Marginal Propensity to Consume (MPC)
Change in Consumption/Change in Disposable Income
500
Labor Force Participation Rate
(Labor Force/Population 16+) x 100
500
Whats the best US Warcrime?
The council will decide your fate