Introduction to Economics
Positive and Normative Statements
Percentage and Decimal Review
The Basics of Demand
Shifting Demand
The Basics of Supply
Shifting Supply
Supply and Demand Together: Equilibrium, Shortage, and Surplus
Expenditure Approach for Measuring GDP
Nominal GDP and Real GDP
Shortcomings of GDP
Growth Rates and the Rule of 70
Long-Run Economic Growth
Labor Force and Unemployment
Types of Unemployment
Aggregate Demand
Long Run Aggregate Supply
Short Run Aggregate Supply
Introduction to Fiscal Policy
Expansionary and Contractionary Fiscal Policy
Government Purchases and the Multiplier Effect
Taxes, the Multiplier Effect, and Automatic Stabilizers
The Consumption Function
The Saving Function
Determinants of Consumption and Saving
Multiplier Effect of Investment Spending
Aggregate Expenditures Model and Macroeconomic Equilibrium
Investment, Savings, and the Financial System
Savings Equal Investment
Market for Loanable Funds
The Functions of Money; The Kinds of Money
Defining the Money Supply: M1 and M2
Required Reserves and the Deposit Multiplier
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