final Business/Economics Flashcards on Chapter 8 & 10, created by jazmin baker on 12/15/2016.
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Created by jazmin baker
almost 10 years ago
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Close
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Created by jazmin baker
almost 10 years ago
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What is the multiplier effect?
To economists the term aggregate means?
The fraction of total income that is saved equals the?
How do you get Real GDP?
The Real Balance Effect is:
Interest Rate Effect:
Foreign Trade Effect:
Aggregate Demand (moving along the curve) slopes downward because of what effects on a change in price level?
What does AD include?
What is Aggregate Supply?
What is the immediate short run?
What is aggregate supply in the short run?
Determinants of short run aggregate supply:
What is AS in the long run?
What is demand pull inflation?
What is Cost-push inflation?
What are the four determinants of AD?
What are the main sources of productivity?
Why are wages inflexible?
