Interview
Chapter 2: Intro to Macroeconomics by Gregory Mankiw
This document covers the essentials of Chapter 2 from the book: Introduction to Macroeconomics by Gregory Mankiw.
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
Seller
Follow
Available practice questions
Flashcards
10 Flashcards
$12.49
0 sales
Some examples from this set of practice questions
1.
What is inflation?
Answer: Inflation is the general increase in the price levels of goods and services in the economy and a fall in the purchasing value of money.
2.
Inflation is measured via the?
Answer: 1) Consumer Price Index 2) GDP Deflator
3.
Consumer Price Index measures?
Answer: The consumer price index (CPI) measures the price of a fixed basket of goods and services purchased by a typical consumer.
4.
What is Consumer Price Index?
Answer: CPI is the weighted sum of prices of goods. The respective good\'s weight reflects the good\'s relative importance in the basket. Weights remain fixed.
5.
Consumer Price Index (CPI) is used for ?
Answer: 1) Tracking the changes in the average household\'s cost of living 2) Comparing dollar amounts over time. 3) Adjusting many contracts for inflation (\"COLA\'s\" or Cost of Living Allowances e.g. Social Security is adjusted for inflation every year.)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller bangash1219. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82191 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now