second_studyguide - Chapters 12-13 Introduction to Business...

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Econ 102 Introductory Macroeconomics Fall 2007 Second Midterm - Study Guide The best way to get a good preparation is reviewing all chapters mentioned below. All lecture notes and worksheets are on "Blackboard". It is also helpful to review all questions at the end of each chapter and previous exams. Your first midterm is composed of two parts: multiple choice (10 questions, 10 points) and short answer (3 questions, 15 points). Chapters Chapter 10 : Banking system; definition of money. The Fed and money supply.
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Unformatted text preview: Chapters 12-13 . Introduction to Business Cycles. Short run macro model or Keynesian model: main assumptions, finding equilibrium, multiplier effect, graphs, economic policy. Chapter 14 . Demand for money, equilibrium in the money market, how the Fed changes the interest rate, graphs. Chapter 15 . Definition of AD and AS, shifts of the curves, effects of shocks, graphs. Monetary policy: Fed's reaction to AD and AS shocks, graphs....
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