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Chapter 5 - 8.5 Midterm Review Questions

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Labor Force and Unemployment

  • Guided course
    Problems with Measuring Unemployment
    04:35
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    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

Business Cycles and Their Characteristics

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

Expenditure Approach for Measuring GDP

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    Calculating GDP Using the Expenditure Approach
    02:31

Nominal GDP and Real GDP

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

Shortcomings of GDP

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    Shortcomings of GDP
    02:21

Factors of Production

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    Human Capital and Entrepreneurship
    02:08
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    Land, Labor, and Physical Capital
    03:09

Productive and Allocative Efficiency

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    Equity and Fairness
    04:14
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    Productive Efficiency and Allocative Efficiency
    03:26

Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency

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    Understanding the PPF
    06:23
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    PPF - Attainable and Efficient
    04:48

PPF - Growth Analysis

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    Production Possibilities Frontier:Economic Growth Analysis
    06:58

Productivity and the Per-Worker Production Function

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

Institutions that Promote Economic Growth

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    Role of Government in Economic Growth
    08:45

Growth Rates and the Rule of 70

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

Introduction to Fiscal Policy

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    Introduction; Discretionary Policy and Automatic Stabilizers
    09:33

Expansionary and Contractionary Fiscal Policy

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    Contractionary Fiscal Policy
    03:48
  • Guided course
    Expansionary Fiscal Policy
    05:24

Government Purchases and the Multiplier Effect

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    Government Purchases GDP Multiplier
    08:02

Taxes, the Multiplier Effect, and Automatic Stabilizers

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    Taxes as an Automatic Stabilizer
    03:50
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    Taxes and the GDP Multiplier
    05:11

Long Run Effects of Fiscal Policy

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    Persistent Budget Deficit
    03:39
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    Long Run Tax Policy
    02:40

Criticisms of Fiscal Policy

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    Political Environment
    02:19
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    Pro-Cyclical Fiscal Policy
    01:39
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    Crowding Out Effect
    04:16

The Functions of Money; The Kinds of Money

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    Kinds of Money
    01:33
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    Functions of Money
    04:06
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    Definition of Money; Barter Economy; Double Coincidence of Wants
    02:30

Defining the Money Supply: M1 and M2

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    Defining the Money Supply: M1 and M2
    02:14

Required Reserves and the Deposit Multiplier

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    Bank Balance Sheet and Money Supply
    05:31
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    Required Reserves and the Deposit Multiplier
    03:16

Monetary vs Fiscal Policy

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    Monetary vs Fiscal Policy
    03:13

Goals of Monetary Policy

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    Goals of Monetary Policy
    03:28

The Demand for Money

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    Money Demand
    01:51
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    Shifting Money Demand
    02:17

The Money Supply on the Graph

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    Money Supply and Equilibrium in Money Market
    11:53

Monetary Policy and Aggregate Demand

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    Price Levels and the Money Market
    06:24
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    Monetary Policy and Aggregate Demand
    04:53
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    Interest Rates and Aggregate Demand
    06:42

Expansionary and Contractionary Monetary Policy

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    Expansionary Monetary Policy
    07:42
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    Contractionary Monetary Policy
    08:07

Quantity Theory of Money

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    Quantity Theory of Money and Inflation
    05:17
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    Quantity Theory of Money
    04:25

Classical Model and Keynesian Model

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    Classical Model
    02:54
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    Graphical Comparison of Classical Model and Keynesian Model
    03:41
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    Keynesian Model
    03:04