INSTRUCTIONS: DEFINE THE FOLLOWING TERMS AND CONCEPTS IN A
CLEAR, CONCISE, AND EXPLICIT WAY. DEMONSTRATE THE RELATIONS BETWEEN
THEM!
• Monetary-fiscal policy mix & confidence band;
INSTRUCTIONS: DEFINE THE FOLLOWING TERMS AND CONCEPTS IN A
CLEAR, CONCISE, AND EXPLICIT WAY. DEMONSTRATE THE RELATIONS BETWEEN
THEM!
• Animal spirits & rational expectations;
INSTRUCTIONS: DEFINE THE FOLLOWING TERMS AND CONCEPTS IN A
CLEAR, CONCISE, AND EXPLICIT WAY. DEMONSTRATE THE RELATIONS BETWEEN
THEM!
• Reservation wage; Efficiency Wages;
INSTRUCTIONS: DEFINE THE FOLLOWING TERMS AND CONCEPTS IN A
CLEAR, CONCISE, AND EXPLICIT WAY. DEMONSTRATE THE RELATIONS BETWEEN
THEM!
Permanent and life cycle income theories of consumption &
Keynesian consumption function;
INSTRUCTIONS: DEFINE THE FOLLOWING TERMS AND CONCEPTS IN A
CLEAR, CONCISE, AND EXPLICIT WAY. DEMONSTRATE THE RELATIONS BETWEEN
THEM!
Natural rate of unemployment & Non-accelerating inflation
rate of unemployment (NAIRU);
INSTRUCTIONS: DEFINE THE FOLLOWING TERMS AND CONCEPTS IN A
CLEAR, CONCISE, AND EXPLICIT WAY. DEMONSTRATE THE RELATIONS BETWEEN
THEM!
a)GDP deflator & Consumer Price Index (CPI).
b)Okun's law & Philips Curve.
INSTRUCTIONS: DEFINE THE FOLLOWING TERMS AND CONCEPTS IN A
CLEAR, CONCISE, AND EXPLICIT WAY. DEMONSTRATE THE RELATIONS BETWEEN
THEM!
a) Nonresidential investment & inventory investment
(including the way
they are financed).
b)Consumption & propensity to consume (including the way
they are
financed).
INSTRUCTIONS: DEFINE THE FOLLOWING TERMS AND CONCEPTS IN A
CLEAR, CONCISE, AND EXPLICIT WAY. DEMONSTRATE THE RELATIONS BETWEEN
THEM!
a)Equilibrium condition in the goods market & the
multiplier;
b)IS relation & paradox of saving;
DEFINE THE FOLLOWING TERMS AND CONCEPTS IN A CLEAR, CONCISE, AND
EXPLICIT WAY
.
DEMONSTRATE THE RELATIONS BETWEEN THEM!
• Monetary - fiscal policy mix & confidence band;
• Shadow banking & leverage;
• Subprime mortgages & collateralized debt obligations
(CDOs);
• Trouble Asset Relief Program (TARP) & American Recovery
and Reinvestment Act;
• Permanent and life cycle income theories of consumption &
Keynesian consumption function;
• Tobin's q & user or rental cost of capital;
• Animal spirits &...
DEFINE THE FOLLOWING TERMS AND CONCEPTS IN A CLEAR, CONCISE, AND
EXPLICIT WAY. DEMONSTRATE THE RELATIONS BETWEEN THEM!
a)Value added & intermediate good.
b)Labor force & unemployment.