Economics Macro 8/26/11 1. kernel append charts deal with Price levels / rising prices rates and strong GDP. 2. Pricelevels/ pretension rate is on the y-axis and the real GDP is on the X-axis. 3. exuberant employment point is reached when the AS curve starts to go good and intersects the AD curve. 4. Savings hurt the GDP and expending helps plus the GDP. 5. Ways to slow down the economy be halt spending, Raise taxes, Increase imports and decrease exports, unemployment rate increase. 6. Cost-Push swelling: Occurs when leave decreases and production slows down. 7. CP inflation through history: * 1973, 1979, 1990. This occurred collectable to a shortage in oil provision. * The years that followed resulted in a recessional period. * America has gone through trio recessions. * The chief(prenominal) cause has been due to oil problems. * The Post Office is roll off many workers due to the internet. Pe ople are victimization email to send documents and pay bills.
* Demand Pull inflation: occurs when inflation and prices go up due to aggregate bespeak increase. * Ms=GDP * Money supply 1000% * If the cash supply grows so does the GDP * There are former(a) formulas other than the Keynesian Theory, There is the Monetarist Theory, and Supply-side Economics, and the Austrian School. * Paul Krugman is a hardline Keynesianist. Believes that organisation spending is the key to all of our problems. * Milton freedwoman believes that our banks make or break our economy. * Arthur Laffer is a beli ever in supply side.If you motivation to ge! t a full essay, dedicate it on our website:
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