List and describe the Components: components of GDP C: (CIGNX). I: G: NX: Define economic Economic Growth: growth. Define aggregate Aggregate Demand: demand and aggregate supply. Aggregate Supply: Write the formula for Formula: determining economic growth. Unemployment p. 369-375 Define unemployment Unemployment: Define frictional, Frictional: cyclical, structural and seasonal unemployment Cyclical: Structural: Seasonal: the formula for determining unemployment Formula: Inflation p. 361-367 Define inflation, Inflation: stagflation and
List and describe the components of GDP (CIGNX). Define economic growth. Define aggregate demand and aggregate supply. Write the formula for determining economic growth. Components: C: I: G: NX: Economic Growth: Aggregate Demand: Aggregate Supply: Formula: Unemployment Define unemployment Define frictional, cyclical, structural and seasonal unemployment the formula for determining unemployment p. 369-375 Unemployment: Frictional: Cyclical: Structural: Seasonal: Formula: Inflation Define inflation, stagflation and p. 361-367 Inflation:
econ_review_midterm_10.31_10.31.docx