Chapter 15 Aggregate Demand/Aggregate Supply
Over the long run, real GDP grows about
_per year on average. Real GDP per capita
has grown about _ per year.
In the short run, GDP fluctuates around its trend.
Recessions: periods of _ real
incomes
and _ unem
Exam 2 Macro
Multiple Choice
Identify the choice that best completes the statement or answers the question.
1. Suppose that the economy is at long-run equilibrium. If there is a sharp rise in the stock market combined
with a significant increase in the mi
Decision Matrix for
Alternative Fuels
Group B1E
George Ouimet
Liam Field
Michael Gambardella
Kaixin Lin
Ethanol
Technical Feasibility
Commercially Feasible. Its mass produced across United States by two different methods, which are dry
milling and wet mil
To measure the practicality of Ethanol, we have chosen to determine the total amount of Ethanol output
maximum we can produce in terms of Gallons of Gasoline by using the Below formula:
Gal . Ethanol
)
Corn
Gal . Equivalent
U . S Gasoline Fuel demand
( Ac
Review Exam 2
Chapter 7 Long run Growth
Understand the factors that determine economic prosperity, economic growth.and
productiviety. (ie understand the fomulas)
Understand what the government can do to promote economic growth
Understand what is meant by
