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Agec-217, FINAL EXAM(Purdue University)/Questions and Answers
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Agec-217, FINAL EXAM(Purdue University)/Questions and Answers
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Agec-217, FINAL EXAM(PurdueUniversity)/Questions and Answers
things that either caused or made the great depression worse - -These are:
-increase in discount rate caused a decrease in investment
-speculation and over-leverage
-stock market crash
-bank runs
-increase in taxes causing a decrease in consumer spending
-people stopped spending money
- pessimism in the money market, money to goods - -what can make
'troubles on wall street to spill over into main street' and what second shift
does this make happen
- wage yr looked @/(yr looking @/base yr) - -how do you find real wage
- total value/ total base value X (100) - -how do you find cpi
- real gdp - -this finds:
nomial gdp of yr looked @/ (gdp deflate yr looked @/ gdp deflate base yr)
- (new-old)/old - -how do you find %growth change in real gdp
- #unemployed/ #ppl in labor force - -how do you find the unemployment
rate
- #ppl in labor force/ #ppl who can work - -how do you find the participation
rate
- study all paper note cards - -study all paper note cards
- output in goods market - -on the table:
gdp growth rate tells you
- price in goods market - -on the table:
inflation rate tells you
- aggregate demand - -if both gdp growth rate and the inflation rate are
moving in the same direction(increasing/decreasing) than it affects ________
- aggregate supply - -if gdp growth rate and the inflation rate are moving in
opposite directions (one decreasing other increasing) than it affects _______
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