Documents Portfolio2

1. SEMESTER 2 PORFOLIOSonny Bautista 2. Macroeconomic ModelsEconomic growth and developmentFull employmentPrice stability 3. Circular Flow of incomeA simplified model of…

Documents First Picture The Production Possibilities Frontier Tradeoffs in Pictures

First Picture The Production Possibilities Frontier Tradeoffs in Pictures Quantity of Computers Produced Quantity of Cars Produced 3,000 1,000 2,000 2,200 A 700 600 300 0…

Documents MACROECONOMICS

MACROECONOMICS Unit of analysis: economy as a whole Variables of interest: Level of economic activity, unemployment, inflation, currency exchange…. Basic Definitions Open…

Documents Macro - Review

Slide 1 Macro - Review GDP = C + I + G + NX MV = P Q (= $GDP) Circular Flow GDP: Real and Nominal Gross Domestic Product (GDP): the market value of all final goods and services…