Econ 201Assignment 5 (Done)

docx

School

University of Mkar *

*We aren’t endorsed by this school

Course

255

Subject

Economics

Date

Nov 24, 2024

Type

docx

Pages

1

Uploaded by abanastanmkar

Report
Econ 201 Assignment 5 This assignment is based on chapters 32, 33, 34, and 36 Match the following definitions and the concept for each definition below 1) A schedule or a curve that shows the amount of a nation’s output (real GDP) that buyers collectively desire to buy at different price levels definition of aggregate demand 2) Is a schedule or curve that shows the relationship between the nation’s price level and the level of real output firms will produce. Definition of aggregate supply 3) The aggregate supply is vertical Aggregate supply in the long run 4) The aggregate supply is positively sloped Aggregate supply in the short run 5) Downward sloping (which curve?) The slope of the demand curve 6) Factor that shifts aggregate demand upward and downward Investment 7) Factors that shift aggregate supply upward and downward. Labor productivity 8) The aggregate supply is horizontal. Aggregate supply in the immediate short run 9) Manipulating money supply and interest rate Monetary policy 10) Manipulating taxes and government spending Fiscal policy 11) An increase in taxes and a decrease in government spending Contractionary fiscal policy 12) An increase in interest rate and a decrease in money supply Tight monetary policy 13) Government spending (G) is greater than Taxes deficit 14) Checking account and currency in the hand of the public Money supply (M1) 15) Selling and buying government bonds Open market operations 16) The interest rate the Federal Reserve Bank (the Fed) charges commercial banks when they borrow from the Fed. Discount rate 17) The percentage of demand deposits commercial banks keep against their demand deposits at the Fed. Aggregate supply in the short run, definition of aggregate supply, definition of aggregate demand, aggregate supply in the immediate short run, aggregate supply in the long run, the slope of the demand curve, Investment, labor productivity, fiscal policy, monetary policy, contractionary fiscal policy, tight monetary policy, deficit, the requirement reserve ratio, discount rate, open market operation, Money supply (M1), aggregate demand.
Discover more documents: Sign up today!
Unlock a world of knowledge! Explore tailored content for a richer learning experience. Here's what you'll get:
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help