This preview shows page 1. Sign up to view the full content.
Unformatted text preview: ~ Real wage rate of year=[Nominal Wage in ~ year/CPI year]*100 ~ RGDP=Real GDP ~ NGDP=Nominal GDP ~ RGPD=(NGDP/P) ~ r=real interest rate ~ i=nominal, market, interest rate ~ p=inflation rate ~ p=[(P1-P0)/P0] ~ Money supply =Currency held by the public +bank deposits ~ P*=Potential Real GDP ~ U*=Natural rate of unemployment ~ Cyclical ~ unemployment=U-U* ~ MxV=YxP ~ (M/P)xV=Y ~ IP=Planned Investment ~ IU=Unplanned ~ I=Actual investment ~ I=IP+IU ~ PAE=Planned Expenditure ~ PAE=C+IP+G+NX ~ Y=C+IP+G+NX ~ YCGIP=NX=XIM ~ IM=(IP+X)(YCG) ~ MER=Marginal ~ Expenditure Rate ~ PAE=(MER)xY+Ap...
View Full Document
This note was uploaded on 02/01/2011 for the course EC 202 taught by Professor Obst during the Spring '08 term at Michigan State University.
- Spring '08