Fundamentals of Macroeconomics ECO/372 Version 4 11/03/2013 Part 1 Macroeconomics includes a variety of terms relevant to its study. The following terms help identify key factors that influence the U.S. economy. The Gross Domestic Product
Premium Economics Gross domestic product Macroeconomics
business practices are unethical and inappropriate (Cartewr‚ 2009). These laws constitute critical legal underpinnings for ethical business practices and fair treatment of consumers in the market (Nickels & McHugh‚ 2013). An important law is the Federal Trade Commission Act. The sole function of such a law is safeguarding consumers’ rights through promotion of free‚ fair
Premium Law Consumer protection Competition law
only. B. Goods and services. C. All financial assets. D. All assets with a money price. 3. In a market economy‚ every real transaction has a corresponding: A. financial transaction. B. financial liability. C. real liability. D. real asset 4. If the financial sector causes more to flow into spending than is saved‚ most likely: A. the supply of real assets will exceed the demand for real assets. B. there will be too many real assets produced. C. the economy will experience inflation.
Premium Central bank Federal Reserve System Monetary policy
Week 4 Reflection Summary ECO/372: Macroeconomics July 8‚ 2013 Dr. Joe Timmerman Week 4 Reflection Summary In week 4‚ we discussed the problems with the fiscal policy and how we felt about the limits of the fiscal policy. When spending is greater than income there is a deficit; a deficit is a shortfall of revenue payments. Some of the team struggles with understanding when the economy is in a recession‚ why a deficit is good for the economy. As a team we also reviewed the total debt in the
Premium
This file comprises ECO 372 Week 5 Learning Team Fiscal Policy Paper General Questions - General General Questions Discuss within your Learning Team how and why the U.S.’s deficit‚ surplus and debt have an effect on the following: · Tax payers · Future Social Security and Medicare users · Unemployed individuals · University of Phoenix student · The United State’s financial reputation on an international level · A domestic automotive manufacturing (exporter)
Premium Keynesian economics United States Intern
at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups. c. From each according to his ability‚ to each according to his needs. 4. Changes in the quantity of money affect D a. interest rates b. prices c. production d. All of the above are correct 5. Which list ranks assets from most to least liquid? B a. currency‚ fine art‚ stocks b. currency‚ stocks‚ fine art
Premium
Fundamentals of Macroeconomics: Understanding GDP Ryan Clement June 18‚ 2012 ECO/372 Mr. Daniel Puente Understanding Gross Domestic Product Economists and world political leaders utilize a method of keeping track of their final goods‚ products and services done within a year called the Gross Domestic Product. It also defines the economic heartbeat of a country by the ebb and flow of how the country as a whole is producing goods products and services including imports and exports. The
Premium Inflation Unemployment United States
The current state of the US macroeconomy is not as strong as it has been in the past. The cost of living is high‚ imports are high‚ and the overall economy is suffering. Businesses are suffering because it is cheaper to import goods than it is to produce them in the US. With this in effect‚ the GDP is suffering as well. Even with the tariffs and quotas that the government has put on these items coming into the country‚ it is still cheaper to purchase from overseas. The macroeconomy of the US is suffering
Premium International trade United States dollar Purchasing power parity
The Role of the Federal Reserve Have you ever wondered who controls the money supply in the United States? I mean it’s certainly one of the most important roles someone can play in the U.S. government; the answer is the Fed. The Fed is also known as the Federal Reserve System. It’s the central banking system of the United States. It was established in 1913 by congress to control monetary policy‚ the use of changes in the amount of money in circulation to alter credit markets‚ employment and
Premium Monetary policy Central bank Federal Reserve System
ECO/372 Week 3 Knowledge Check – Quiz Quiz Questions with 100% Correct Answers: 1. If you expect interest rates to rise‚ you will want to be holding 2. The interest rate is the price paid for the use of a 3. Which of the following do policy makers tend to target when setting monetary policy? 4. If the Federal Reserve reduced its reserve requirement from 6.5 percent to 5 percent‚ this policy would most likely 5. If banks hold excess reserves whereas before they did not‚ the money multiplier 6. The
Free Monetary policy Federal Reserve System Central bank