Fri Nov 1st

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