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Macroeconomics Exam Study Guide: Step-by-Step Guidance

Study Guide - Learn with Videos

Curated lessons matched to your uploaded material – learn every topic step by step.

Expenditure Approach for Measuring GDP

Circular Flow Diagram

Nominal GDP and Real GDP

Inflation and Consumer Price Index (CPI)

Using CPI to Adjust for Inflation

Nominal Income and Real Income

Nominal Interest, Real Interest, and the Fisher Equation

Labor Force and Unemployment

Types of Unemployment

The Functions of Money; The Kinds of Money

Defining the Money Supply: M1 and M2

Required Reserves and the Deposit Multiplier

Introduction to the Federal Reserve

The Federal Reserve and the Money Supply

The Demand for Money

Monetary Policy and Aggregate Demand

Aggregate Demand

Shifting Aggregate Demand