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Macroeconomics Midterm Study Guide: GDP, CPI, Inflation, and Core Models

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Nominal GDP and Real GDP

Shortcomings of GDP

Expenditure Approach for Measuring GDP

Aggregate Expenditures Model and Macroeconomic Equilibrium

AE Model: Private Open Economy

AE Model and the Multiplier

Introduction to Fiscal Policy

Expansionary and Contractionary Fiscal Policy

Aggregate Demand

Shifting Aggregate Demand

Short Run Aggregate Supply

Long Run Aggregate Supply

Phillips Curve and Expected Inflation

Labor Force and Unemployment

Market for Loanable Funds