Chapter 1 : 1. Interest rates are important because: Your Answer: high interest rates encourage individuals to save more. Correct Answer: All the above are correct 2. Looking…

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* Lecture 2 Measuring Macro Performance: The Price Level Savings & Wealth * Consumer Price Index (CPI) Define a base year. Determine basket of goods and services consumed.…

Slide 11 Inflation ©2006 South-Western College Publishing Slide 2 2 What is inflation? An increase in the general (average) price level of goods and services in the economy…

Slide 1 Measuring Macroeconomic Activity Chapter 11 Slide 2 Measuring Gross Domestic Product (GDP) The comprehensive measure of the market value of all currently produced…

Slide 1 Chapter 2: The Data of Macroeconomics Slide 2 Stock vs. Flow Stock: quantity measured at a given point in time –Wealth –Debt –Budget Flow: quantity measured…

Slide 1 Chapter 5. Prices And Unemployment Slide 2 Most macroeconomics discussions: 1. Macroeconomics problems. 2. Macroeconomic theories. 3. Macroeconomic policies. 4. Different…

Slide 1 1 Chapter 17 Inflation Key Concepts Key Concepts Summary Summary Practice Quiz Internet Exercises Internet Exercises ©2000 South-Western College Publishing Slide…

Slide 1 Slide 2 Slide 3  How can these factors be controlled? Slide 4  Number of workers  Their education and training  Technological advances  Available machinery…