This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: 9. GDP and full employment 10. Multiplier effects a. Government spending b. Lump sum taxes 11. Recessionaly gap a. Policy options 12. INflatinary gap a. Demand pull inflation 13. Us Econ late 1990 a. Too mucn investment b. Stock market bubble c. Consumer debt d. Fraudulent business practice 14. Aggrate something 15. Classical ecnonmics a. Mill snad Ricardo b. Prices adjust to maintain full employment 16. Says law a. Supply creates its own demand 17. Depression challenged the theory 18. New theory developed kaynea...
View Full Document
- Spring '11
- Macroeconomics, lump sum taxes