Macroecon Article assignment #2

Macroecon Article assignment #2 - Gross Domestic Product...

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PRINCIPLES OF MACROECONOMICS ARTICLE ASSIGNMENT SHEET Spring 2010 – Daniels Name: DAVID CARBAJAL 1. Provide information on the article you chose in the following table. Article Title Iceland GDP Rebounds From Third Quarter Source Wall Street Journal Date March 5,2010 Page Link (if online source) 2. In the following table identify at least two economic concepts from the class or text that the article addresses. Give a very brief explanation of how the article addresses these concepts. You may paraphrase passages of the article in your explanation. Concept 1
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Unformatted text preview: Gross Domestic Product Explanation The market value of all final goods and services produced in Iceland rose 3.3%. Concept 2 Expansion Explanation In this quarter, Iceland is considered to be in a period of expansion, in which the real GDP is increasing Concept 3 The market for loanable funds Explanation The supply of loanable funds has increased because of the inflow from the International Monetary Fund. Having the supply increase will cause the interest rate to decrease. 3. Attach the original article to this sheet....
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