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

Slide 1 Long-Run Economic Growth Chapter 9 THIRD EDITIONECONOMICS andMACROECONOMICS Slide 2 How long-run growth can be measured by the increase in real GDP per capita, how…

Slide 1 Long-Run Economic Growth Slide 2 Potential GDP: The level of GDP attained when all firms are producing at capacity. Business cycle: Alternating periods of economic…

LECTURE 8 The Big Ideas in Macroeconomics 1930 1935 194 0 1945 1950 1955 1960 1965 1970 1975 1975 1980 1985 1990 0 2,000 4,000 6,000 8,000 U.S. REAL GDP, 1930 - 1990 Real…

Government and the Economy Role of Government Money and Banking The Federal Reserve Government Finance Role The Role of Government Private businesses create private goods-…

What Macroeconomics Tries to Explain Microeconomic deals with behavior of individual decision makers and individual markets Macroeconomic deals with broad outlines of the…

Chapter 12 Chapter 12 Economic Indicators and Measurements GDP and Other Indicators Gross Domestic Product (GDP): is the market value of all final goods and service produced…