study guide for first midterm Fall 2007

study guide for first midterm Fall 2007 - Some useful...

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Some useful formulas: BœC ÊCœB + " + , ÐBCÑ œBC BB œB ^œ\] Ê Ê \ ] + + + + , +, ^\] , , % % % ??? Some of the things that you must know for the midterm 1 • production functions, marginal products, returns to scale • why factor demand curves slope downward, determination of factor compensation and shares • all of the theory behind this diagram and variants of it • money: forms, functions, measurement, Q œGYH QFœVGY œ œ , , . ? ? Q " QF -< -< << • fed funds market, supply, demand, target, implementation of and effects of a change in the target 3 0 • Quantity Theory: % % % if % , Fisher equation: ?? ? ? 1 Q ] Zœ! 3œ< / • hyperinflation, seigniorage, , effects of high on ˆ‰ QQ TT
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This note was uploaded on 04/26/2010 for the course ECON 101 taught by Professor Staff during the Spring '08 term at Vassar.

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