Exam+2+Topics

Thomas Malthus' Theory on Population Growth Labour Force Participation Rate Calculating the Unemployment Rate Accuracy of the Unemployment Rate Types of Unemployment GDP Gap and Okun's Law Classical Theory of Unemployment Keynesian Theory of Unemployment Real v Nominal Income Consumption Spending MPC and MPS Investment Spending Government Spending Net Export Spending What Happens to AE and Equilibrium when C, I, G, X, or IM Change? Expenditure Multiplier Relationship Between AE and Aggregate Demand Aggregate Demand Determinants of Aggregate Demand Aggregate Supply GDP Gap, Aggregate Demand, and Aggregate Supply Classical and Keynesian Views of Aggregate Supply