Post date: Nov 1, 2013 6:25:05 PM
Here is what you need to know for Monday's test.
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