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Macroeconomics Final Exam Study Guide: Economic Growth, Aggregate Demand & Supply, Money, Monetary and Fiscal Policy

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Long-Run Economic Growth

Productivity and the Per-Worker Production Function

Institutions that Promote Economic Growth

Growth Rates and the Rule of 70

New Growth Theory

Investment, Savings, and the Financial System

Aggregate Demand

Shifting Aggregate Demand

Long Run Aggregate Supply

Short Run Aggregate Supply

Shifting Short Run Aggregate Supply

AD-AS Model: Equilibrium in the Short Run and Long Run

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

Quantity Theory of Money

Goals of Monetary Policy

The Demand for Money

Monetary Policy and Aggregate Demand

Expansionary and Contractionary Monetary Policy

Taylor Rule

Introduction to Fiscal Policy

Expansionary and Contractionary Fiscal Policy

Government Purchases and the Multiplier Effect

Taxes, the Multiplier Effect, and Automatic Stabilizers

Long Run Effects of Fiscal Policy