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Macroeconomics Exam 1 Study Guide: GDP, Unemployment, Inflation, and Economic Growth

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Expenditure Approach for Measuring GDP

  • Guided course
    Calculating GDP Using the Expenditure Approach
    02:31

Detailed Explanation of GDP Components

  • Guided course
    Government Purchases and Net Exports
    02:12
  • Guided course
    Consumption
    02:38
  • Guided course
    Investment
    02:01

Nominal GDP and Real GDP

  • Guided course
    Nominal GDP and Real GDP
    09:15
  • Guided course
    Inflation and the GDP Deflator
    03:04

Shortcomings of GDP

  • Guided course
    Shortcomings of GDP
    02:21

Labor Force and Unemployment

  • Guided course
    Problems with Measuring Unemployment
    04:35
  • Guided course
    Labor Force and Unemployment
    05:58

Types of Unemployment

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    Frictional, Structural, and Cyclical Unemployment
    05:44
  • Guided course
    Definition of Full Employment
    02:44

Unemployment: Minimum Wage Laws and Efficiency Wages

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    Unemployment: Efficiency Wages
    02:18
  • Guided course
    Unemployment: Minimum Wage Laws
    04:58

Inflation and Consumer Price Index (CPI)

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    Calculating CPI and Inflation Rate
    08:35
  • Guided course
    Consumer Price Index (CPI)
    04:40
  • Guided course
    Inflation
    03:34

Using CPI to Adjust for Inflation

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    Using CPI to Adjust for Inflation
    04:34
  • Guided course
    Using CPI to Adjust for Inflation
    02:49

Problems with the Consumer Price Index (CPI)

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    Problems with CPI
    05:24

Nominal Income and Real Income

  • Guided course
    Nominal Income and Real Income
    06:07

Nominal Interest, Real Interest, and the Fisher Equation

  • Guided course
    Nominal Interest, Real Interest, and the Fisher Equation
    05:05

Who is Affected by Inflation?

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    Who is Affected by Inflation?
    05:58

Costs of Inflation: Shoe-leather Costs and Menu Costs

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    Costs of Inflation: Shoe-leather Costs, Menu Costs, and Tax Costs
    04:37

Long-Run Economic Growth

  • Guided course
    Economic Growth
    02:07

Productivity and the Per-Worker Production Function

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    Per-Worker Production Function:Change in Technology
    02:27
  • Guided course
    Catch-up Effect
    05:51
  • Guided course
    Per-Worker Production Function
    05:02

Growth Rates and the Rule of 70

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    Growth Rates and the Rule of 70
    02:50
  • Guided course
    Growth Rates and the Rule of 70
    05:47

Institutions that Promote Economic Growth

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    Role of Government in Economic Growth
    08:45

Investment, Savings, and the Financial System

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    Investment and Savings
    02:01
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    The Financial System
    02:10

Savings Equal Investment

  • Guided course
    National Savings, Private Savings, and Public Savings
    04:53
  • Guided course
    Saving Equals Investment
    07:48
  • Guided course
    Savings Equals Investment in an Open Economy
    03:56

Market for Loanable Funds

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    Market for Loanable Funds
    04:42

Shifts in the Market for Loanable Funds

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    Demand Shifts in the Market for Loanable Funds
    06:56
  • Guided course
    Supply Shifts in the Market for Loanable Funds
    06:16

Business Cycles and Their Characteristics

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    Business Cycle Characteristics
    01:46
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    Causes of Business Cycles
    04:18
  • Guided course
    Key Ideas of the Business Cycle
    02:33