Wednesday, October 5, 2011

Review for Test

I would behoove you to recall (great word, huh?):
Aggregate Model - AD, SRAS, LRAS, FE, PL, GDPr
Loanable Funds Model - Savers and borrowers in an open market for funds
Investment Demand Curve - Ig buys K, ir inversely related to the quantity of $ for Ig
Automatic Stabilizers - i.e. - how does a market correct overextended? supply shock?
Multipliers - Spending (Keynesian), Tax and Balanced Budget
APC, APS, MPC, MPS
Disposable Income - C or S
Consumption function, Saving Function and Consumption-Savings Link