BUS 112 • Midterm • Introduction to Economics II

Main Concerns of Macroeconomics

Output Growth and Business Cycle

Circular Flow Model

What is GDP?

Measuring GDP - Prodution or Value-Added Method

Measuring GDP - Expenditure Method

Example (Expenditure Method)

Measuring GDP - Income Approach and other National Income Accounts

Nominal vs Real GDP

GDP Deflator

Economic Well Being (GDP Per Capita)

Exam like Question 1

Exam like Question 2

Exam like Question 3

Exam like Question 4

Exam like Question 5

Exam like Question 6

Exam like Question 7

Unemployment - Definitions and Concepts

Example (Labor Force Participation Rate and Unemployment Rate Calculation)

Example (Labor Force Participation Rate and Unemployment Rate Calculation)

Types of Unemployment

Example (Types of Unemployment)

Problems with Measuring Unemployment

Question (Unemployment and Labor Force Participation Rate Calculation)

Question (Unemployment/Labor Force)

Question (Unemployment/Labor Force)

Question (Labor Market and Structural Unemployment)

Question (Calculation Unemployment Rate)

Question (Labor Force)

Inflation - Definitions and Concepts

Example (Definition of Inflation)

Measuring Inflation - CPI

Example (Calculating CPI)

Example (Measuring Inflation with CPI)

Example (Measuring Inflation with CPI)

Measuring Inflation - PPI

Problems with CPI

CPI vs GDP Deflator

Example (CPI vs Deflator)

Nominal vs Real Interest Rates

Example (Nominal Values and Real Values)

Costs of Inflation

Question (CPI vs GDP Deflator)

Question (CPI)

Question (Nominal vs Real Values)

Question (Nominal vs Real Interest)

Question (CPI vs GDP Deflator)

Financial System and Markets

Saving and Investment

Example (Saving)

Example (Investment)

Loanable Funds Market and Crowding Out Effect

Question (Saving)

Question (Saving)

Question (Government Budget)

Question (Loanable Funds Market)

Question (Investment)

What is Money?

Example (Functions of Money)

Money Supply

Example (Money Supply)

The Role of Commercial Banks

Creating Money

Example (Creating Money)

Central Bank and Monetary Policy

Quantity Theory of Money

Money Market

Question (Money Supply)

Question (Creating Money)

Question (Creating Money)

Aggregate Demand

Example (Change in AD)

Example (Interest Rate Effects)

Aggregate Supply

Example (Change in SRAS)

Example (SRAS Curve)

Example (LRAS)

Macroeconomic Equilibrium

Effects of Change in Aggregate Demand

Example (Effects of Change in AD)

Example (Effects of Change in AD)

Effects of Change in Short-run Aggregate Supply

Question (Change in AD)

Question (Change in AS)

Question (Change in AD)

Question (Change in LRAS)

Question (Change in SRAS)

Question (Components of GDP)

Question (Components of GDP)

Question (Components of GDP) 2

Question (GDP Calculation)

Question (Nominal GDP Calculation)

Question (GDP vs GNP)

Question (GNP and NNP)

Question (Expenditure Method)

Question (Expenditure Method)

Question (Expenditure Method)

Question (Expenditure Method)

Question (Nominal vs Real GDP)

Question (GDP Deflator)

Question (Real GDP, Nominal GDP and Deflator)

Question (Real GDP, Nominal GDP and Deflator)

Question (Calculation of Disposable Income)

Question (Labor Force)

Question (Labor Force)

Question (Unemployment/Labor Force)

Question (Types of Unemployment) 1

Question (Types of Unemployment) 2

Question (Types of Unemployment)

Question (Types of Unemployment)

Question (Types of Unemployment)

Question (Labor Market and Structural Unemployment)

Question (Unemployment - Classification)

Question (Problems with Measuring Unemployment)

Question (Labor Market and Structural Unemployment)

Question (CPI)

Question - CPI and Inflation

Question (Nominal vs Real Values)

Question (Nominal vs Real Interest)

Question (Measuring Inflation with CPI)

Question (Consumption and Saving)

Question (Saving and Investment)

Question (Saving)

Question (Change in AD)

Question (Change in AS)

Question (Change in AS)

Question (Change in AD)

Question (Change in AD)

Question (Change in AD)