Class Notes - 10-5-07

Class Notes - 10-5-07 - Macroeconomics - Class Notes...

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Macroeconomics - Class Notes – 10/5/07 When you fix the number of imports (quota) Cutting off trade completely – embargo YOU WILL BE REQUIRED TO DRAW GRAPHS (SUPPLY/DEMAND) POLICY #5: CONTROL POPULATION GROWTH High population growth reduces GDP per person How to limit population growth? o Higher the education the families, the lower the birth rate – many women want to have careers instead of children o Abortion information is disseminated more readily in developed countries – Depreciation – physical capital decreases in value (every year) CONCLUSION: Living standards vary greatly among countries Government policies can help or hurt economic growth CHAPTER 13 OUTLINE ( FIRST HALF IS ON TEST ) Financial institutions Link between saving Financial Institutions in the U.S Economy Financial Markets : o Stock Market Dividend – income that some stock owners receive (earnings/share) Retained earnings o Bond Market Bonds – (Bond holder) – Creditor to the Bank – you get paid back interest
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This note was uploaded on 04/15/2008 for the course ECON 101 taught by Professor Golden during the Fall '07 term at Allegheny.

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Class Notes - 10-5-07 - Macroeconomics - Class Notes...

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