Were you listening to us during the presentation?
What's the name of the law/legislation that we've been yapping about for the past 10 or so minutes?
Minimum Wage Law (MWL)
What does PPC stand for?
Production possibility curve
How many schools of study are there in SMU (incl. grad school)
College of Graduate Research Studies (College)
Okun's Law states that between unemployment and GDP fluctuations, where a 1% ________ in unemployment often results in a 2% to 3% GDP ________.
increase, decrease / decrease, increase
What part of the business cycle shows that the economy is expanding?
Anywhere on the graph where gradient is positive.
What's the name of our mascot?
Smoobie (also known as Smoo or Smoo Smoo)
What was Spain's unemployment rate (%) in 2019? (closest number wins)
14.1%
State the equation for AD.
AD = C + I + G + X-M
How many fish tanks are there in school?
There are a total of six fish tanks in SOE: 4 in B1, 2 on L1.
What were the four main stakeholders we talked about in the consequences of unemployment?
Individuals, Firms, Spanish Gov, Society
State how to calculate producer surplus.
PS = Market P - Producer's willingness to accept
What's the name of our good and glorious Supergreen dupe on L1 of SOE?
SNAPPY BOWLS SNAPPY BOWLS SNAPPY BOWLS SNAPPY BOWLS SNAPPY BOWLS SNAPPY BOWLS SNAPPY BOWLS SNAPPY BOWLS SNAPPY BOWLS SNAPPY BOWLS SNAPPY BOWLS SNAPPY BOWLS
What was the name of our interviewee?
Ángela Blanco
Name a minimum of 2 things that shifts LRAS. (hint, cobb-douglas production function)
•Capital accumulation, K
•Available natural resources, N
•Growth-compatible institutions
•Technological advancements, A
•Entrepreneurship
Who's the dean for SOE?
The Dean of the School of Economics at Singapore Management University (SMU) is Professor Li Jia.