Econ 320 Review for Exam #1
When doing an analysis of economic growth you generally start by looking at 3
1) Economic Growth
Economic growth has to do with changes in production.
The analysis of economic growth i
Econ 320 Exam # 2
-Frictional Unemployment: the portion of total unemployment arising from the fact that a
number of workers are between jobs at any given time.
-Structural Unemployment: the portion of total unemployment resulting from a poor m
Econ 320 Exam # 3
- Keynesian Assumptions:
1) Not all markets are perfectly competitive.
2) Information expected in the future is imperfect.
3) The information is not immediate and accurate.
Adaptive Expectations: basing expectations on what has happene