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Unformatted text preview: 1 1 Measuring the Economy ยก Key Points ยข Circular Flow ยข NIPA ยข GDP concepts ยข Real vs. Nominal GDP ยข Deflators ยข Welfare Comparisons 2 In the News? ยก 3 Fiscal Policy Which of the following is true of fiscal policy? A. An increase in government spending will raise taxes which partially offsets the effects of the spending increase B. An increase in government spending will increase the money supply further stimulating the economy C. An increase in government spending will increase aggregate demand and output D. An increase in government spending will reduce interest rates and thus increase aggregate demand E. All ARE true 2 4 Course Issues ยก Check Gradebook in Sakai ยก Future HW ยก Clicker Points - now ยก Investment Game 0,1 quiz question ยก Results ยข Quiz 1 ยข Hw 3 ยก Videos - $1 ยก Quiz 2 Thursday ยก Assignment 4 Thursday ยก Wiki 5 6 What is Nominal GDP? ยข Expenditures on Newly Produced final goods and services valued at market prices by factors located in U.S. 1. Total flow 1. Stock vs flow 2. newly produced 3. final goods and services 4. valued at market prices 1. Why? 5. Factors located in U.S....
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This note was uploaded on 03/24/2011 for the course ECON 103 taught by Professor Lin during the Summer '08 term at Rutgers.
- Summer '08
- Fiscal Policy