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Economics Sample Unit 4 Macroeconomics

Economics Sample Unit 4 Macroeconomics. Document Set. The Macro Economy. Foreign Sector. Savings. Government. CPI- All, Medical Care, & Apparel. https://fred.stlouisfed.org/graph/?g=1AxN. CPI for all Urban Consumers. https://fred.stlouisfed.org/graph/?g=eYT. Inflation Graphic Organizer.

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Economics Sample Unit 4 Macroeconomics

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  1. Economics Sample Unit 4 Macroeconomics Document Set

  2. The Macro Economy

  3. Foreign Sector Savings Government

  4. CPI- All, Medical Care, & Apparel https://fred.stlouisfed.org/graph/?g=1AxN

  5. CPI for all Urban Consumers https://fred.stlouisfed.org/graph/?g=eYT

  6. Inflation Graphic Organizer

  7. Aggregate Demand • Total Spending in the Economy • Nominal Spending= C+I+G+Xn (X-M)

  8. Aggregate Supply • Total Production for an Economy

  9. Short Run Macro Equilibrium

  10. Long Run Aggregate Supply=PPCProduction Point “A” is at Full Employment A A =

  11. Economic Growth =

  12. Full Employment Production • Current production (Yfe) at Full Employment

  13. Recessionary Gap • Current Production (Ye) below Full Employment

  14. Inflationary Gap • Current Production (Ye) above Full Employment

  15. https://research.stlouisfed.org/dashboard/7191

  16. Business Cycle • Peak- Highest point in the Business Cycle • Contraction- Stage in which the economy has declining Real GDP • Recession- Two quarters (6 Months) of declining Real GDP • Trough- Lowest point of the Business Cycle • Recovery- Signals end of a Recession with increasing Real GDP • Expansion- Growing economy until it reaches a Peak

  17. The Real Business Cycle https://fred.stlouisfed.org/series/GDPC1

  18. The Federal Reserve System https://commons.wikimedia.org/wiki/File:FederalReserve_System.png

  19. Monetary Policy • Goals of The Federal Reserve • Price Stability • Full Employment

  20. Fiscal Policy Expansionary Fiscal Policy Contractionary Fiscal Policy

  21. Federal Budget- Deficit https://upload.wikimedia.org/wikipedia/commons/e/e1/CBO_Infographic_2016.png

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