Equations for hw2 and beyond304

Macroeconomics plus MyEconLab plus eBook 1-semester Student Access Kit (6th Edition)

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Econ 304 Sonoma State University Dr. Robert Eyler Fall 2007 Some Useful Equations for the Short-Run Macroeconomy Chapter 5 is a mix of simple algebra and many macroeconomic definitions. To help your studying for the test and to finish the homework, the following list of equations should help. I am trying to stick to the book’s symbology where I can. Definitions: (1) GDP = Y = C d + I d + G + NX, where NX = EX - IM. The superscript “d” means “desired” but can also mean “domestic”. (2) S d = Y – C d – T (assume a balanced budget unless otherwise stated in the homework, such that S
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/31/2008 for the course ECON 304 taught by Professor Eyler during the Fall '07 term at Sonoma.

Ask a homework question - tutors are online