https://padlet.com/jl2110/umkul5qgmyq5 Ch. 13, 14, 16.1, and 16.2 en-us 2016-10-13 20:11:31 UTC 2024-08-01 20:20:11 UTC hello@padlet.com jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130597732 2016-10-13 20:13:47 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130597732 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130597753 inflation, slow economic growth, and high unemployment]]> 2016-10-13 20:13:54 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130597753 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130597772 General rise in the level of price over times 

Causes: demand increasing(demand pull) and cost of inputs increasing (cost push]]> 2016-10-13 20:14:00 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130597772 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130597856 Decline in real GDP lasting at least two quarters or more

What does this look like on a graph?]]> 2016-10-13 20:14:20 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130597856 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130597886 Doesn't mean zero unemployment 
-The lowest possible unemployment rate, with the economy growing and all factors of production being used as efficiently as possible ]]> 2016-10-13 20:14:28 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130597886 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130598049 Total quantity of all goods and services firms in an economy are willing and able to supply at each and every price in a given time]]> 2016-10-13 20:15:22 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130598049 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130598136 The total market value of all final goods and services within a given time period and within a country's borders.]]> 2016-10-13 20:15:46 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130598136 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130598168 A year that serves as the basis of comparison for all other years. ]]> 2016-10-13 20:15:58 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130598168 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130598262 Aggregate demand graphs the total demand or consumption for final goods and services at different price levels during a period of time. AD is related to real GDP. It shows the total goods and services that households, businesses, government, and people from other countries plan to buy. ]]> 2016-10-13 20:16:21 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130598262 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130598334 directly related to the swings of the business cycle ]]> 2016-10-13 20:16:48 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130598334 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130598380 Caused by workers who are between jobs for some reason.]]> 2016-10-13 20:16:56 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130598380 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130598413 Occurs when a fundamental change in the operations of the economy reduces the demand for workers and their skills]]> 2016-10-13 20:17:07 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130598413 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130598491 A representative selection of commonly purchased goods and services. ]]> 2016-10-13 20:17:28 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130598491 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130598572 GDP when the distortions of inflation have been removed. This measure reflects what the GDP would have been if the prices had not changed from what they were in the base year.]]> 2016-10-13 20:17:53 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130598572 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130598634 Consumer price index: reports on price changes for about 80,000 items in 364 categories.]]> 2016-10-13 20:18:08 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130598634 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130598730 The amount of exports minus the amount of imports. (X)

]]> 2016-10-13 20:18:38 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130598730 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130598757 Spending by households. (C)]]> 2016-10-13 20:18:47 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130598757 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130598785 Spending by business and households on capital (I)]]> 2016-10-13 20:18:55 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130598785 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130598840 Spending by the government (G)]]> 2016-10-13 20:19:11 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130598840 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130599027 -Changes in the amount of money people save.
-Higher taxes and lower transfer payments
-Consumers save less and spend more= shift to the RIGHT. and vice versa]]> 2016-10-13 20:20:07 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130599027 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130599214 -Cost of production
-Higher interest rates 
-Lower labor productivity
-Anything that causes a firm to produce fewer goods and services will cause the graph to shift LEFT.]]> 2016-10-13 20:20:54 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130599214 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/130599294 Consumption
Investment
Government Spending
eXports - Imports

]]> 2016-10-13 20:21:14 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/130599294 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/131145856 2016-10-17 14:06:09 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/131145856 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/131146310 2016-10-17 14:07:03 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/131146310 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/131146514 2016-10-17 14:07:33 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/131146514 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/131146765 2016-10-17 14:08:01 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/131146765 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/131147136 2016-10-17 14:08:49 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/131147136 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/131147457 2016-10-17 14:09:27 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/131147457 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/131148062 2016-10-17 14:10:42 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/131148062 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/131148641 2016-10-17 14:11:51 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/131148641 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/131149142 2016-10-17 14:12:55 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/131149142 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/131149541 2016-10-17 14:13:43 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/131149541 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/131149820 2016-10-17 14:14:17 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/131149820 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/131166438 the number of unemployed individuals divided by the total number of members in the civilian work force]]> 2016-10-17 14:51:05 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/131166438 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/131187102 2016-10-17 15:36:39 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/131187102 jl2110 https://padlet.com/jl2110/umkul5qgmyq5/wish/131187740 2016-10-17 15:37:22 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/131187740 https://padlet.com/jl2110/umkul5qgmyq5/wish/131194481 2016-10-17 15:50:45 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/131194481 https://padlet.com/jl2110/umkul5qgmyq5/wish/131202258 nominal GDP over GDP deflator multiplied by 100

]]> 2016-10-17 16:08:38 UTC https://padlet.com/jl2110/umkul5qgmyq5/wish/131202258