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ECNS Documents

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ECNS Flashcards

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  • 90 terms

    Term:

    For the economy as a whole, ____ always equals ____.

    Definition:

    Savings, Investment Spendingdefinition

    • Module 21 Flashcards
    • 90 terms
    • Vocabulary for Module 21 Flashcards. Find, create, and access Macroeconomics, Modules, flashcards with Course Hero.
  • 59 terms

    Term:

    Consumer spending normally accounts for ____ of total spending on final goods and services.

    Definition:

    2/3definition

    • Module 25 Study Flashcards
    • 59 terms
    • Vocabulary for Module 25 Study Flashcards. Find, create, and access Macroeconomics, Module 25, flashcards with Course Hero.
  • 37 terms

    Term:

    The _______________ shows the relationship between the aggregate price level and the quantity of aggregate output demanded by households, businesses, the government and the rest of the world.

    Definition:

    aggregate demand curvedefinition

    • Module 27 Class Notes
    • 37 terms
    • Vocabulary for Module 27 Class Notes. Find, create, and access Macroeconomics, Module 27, flashcards with Course Hero.
  • 36 terms

    Term:

    Four simplifying assumptions:

    Definition:

    1. Producers are willing to supply additional output at a fixed price 2. The interest rate is fixed 3. Taxes, government transfers, and government purchases are all zero 4. Exports and imports are zerodefinition

    • Module 24 Study Flashcards
    • 36 terms
    • Vocabulary for Module 24 Study Flashcards. Find, create, and access Macroeconomics, Module 24, flashcards with Course Hero.
  • 33 terms

    Term:

    Four simplifying assumptions:

    Definition:

    1. Changes in overall spending lead to changes in aggregate output 2. The interest rate is fixed 3. Taxes, government transfers, and government purchases are all zero 4. Exports and imports are zerodefinition

    • Module 26 Class Notes
    • 33 terms
    • Vocabulary for Module 26 Class Notes. Find, create, and access Macroeconomics, Module 26, flashcards with Course Hero.
  • 17 terms

    Term:

    The short-run alternation between economic downturns and economic upturns is referred to as the ________.

    Definition:

    business cycledefinition

    • Macroeconomics Exam 1 Fill in the Blank
    • 17 terms
    • Vocabulary for Macroeconomics Exam 1 Fill in the Blank. Find, create, and access Macroeconomics, flashcards with Course Hero.
  • 7 terms

    Term:

    Savings-Investment Spending Identity

    Definition:

    An accounting fact that states that savings and investment spending are always equal for the economy as a wholedefinition

    • Key Terms Modules 20-21, 24-27
    • 7 terms
    • Vocabulary for Key Terms Modules 20-21, 24-27. Find, create, and access Macroeconomics, Terms & Definitions, flashcards with Course Hero.
  • 6 terms

    Term:

    Savings-Investment Spending Identity (p. 206)

    Definition:

    An accounting fact that states that savings and investment spending are always equal for the economy as a wholedefinition

    • Module 20 Key Terms
    • 6 terms
    • Vocabulary for Module 20 Key Terms. Find, create, and access Macroeconomics, Module 20, flashcards with Course Hero.

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