Economics > EXAM > ECON 1002 - Final Exam Review - Graded A+ (All)

ECON 1002 - Final Exam Review - Graded A+

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Total factor productivity: Cobb-Douglas equation Paasche index Laspeyres index GDP deflator Short-run equilibrium Velocity of money Money demand curve What will cause a change in the demand fo ... r dollars? What will cause a change in the supply of dollars? Currency M1 M3 Broad money Vertical money supply curve The bond market National saving and investment diagram Real exchange rate Purchasing power parity theory. Current account inflows (create a current account surplus) Current account outflows (create a current account deficit) Current account balance Relationship between BOP and change in gov't fx reserves The government budget constraint Aggregate Supply/Aggregate demand curve Unemployment rate Participation rate Labor force Working-age population National income accounting identity Australian living standards Public goods which are produced in an economy Demonstration effect Substitution effect Income effect Time preference effect Okun's Law Gini coefficient Lorenz curve Closing an expansionary output gap Multiplier Speculative attack Quality adjustment bias Substitution bias The costs of inflation Policy reaction function The Taylor rule Real GDP per person Production function Real GDP can only grow if: Solow-swan model Saving, investment Capital-labor ratio growth Steady state Endogenous growth Convergence hypothesis Problems with long-run economic growth Nominal exchange rate Appreciation of the currency Depreciation of the currency The trade weighted index Real exchange rate Law of one price Determination of the exchange rate Shift of the demand for currency Shift in the supply of currency Lower exchange rate Higher exchange rate The relationship between monetary policy and exchange rates [Show More]

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