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9 Cards in this Set
- Front
- Back
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In the US , by far , what is the largest expenditure component in GDP ? |
Consumption expenditures |
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If the Fed wants to increase the money supply through an open market operation, it will |
Purchase government securities |
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Required reserves are ? |
Reserves a bank is legally required to hold, based on its checking account deposites. |
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Percentage change formula |
(Year2-year1)/(year1) x 100 |
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Gross domestic product (GDP) is the total market value of |
Final goods and services produced annually within the country boarder |
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I'm order to be classified as unemployed , a person must |
Not have a job and actively looking |
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When the Fed increases the required reserve ratio , a banks |
Required reserves increase and excess reserves increase |
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Natural employment rate |
Natural rate= frictional + structural |
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Actually unemployment |
Actually = natural + cyclical |
