Post date: Oct 30, 2014 3:54:19 AM
For tomorrow: do review problems for unit 2 in Macro work book
Here is what will be on the test.
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Expanded Circular flow
Difference between investment and consumption spending
What is included and not included in GDP
How to calculate Real and nominal GDP
Definition of labor force, employment rate and unemployment rate
Structural, frictional and cyclical unemployment
inflation, deflation
Who is helped and hurt by unanticipated inflation