+ France © How wi you farce you teri + even aust STuotes 1° Takeout aon em a br? Research ard undead he Ingestion tht come tha sarees and rota took atthe patents revenue ot we | the business Ta dtd y ‘routs ord the quay Wot you sa Fray, estate he rte at et, co te, es ea Boy tn sone ptt nese) thong rat W _cmpren 21: macnoeconowes IAPTER 21; MACROE i whats econamls? Sogo co ma errse sera Gren vp wen Yo res ce, Faro eden wb nce Oy [Factors etnies ineame [and "thao cee] ator The wor te ed wa eae | Wage) boop tne 10 9209 | | gcd and seers. |__| a nee aie beg are oe Copia nanaors tat bones Interest ‘one paie gotot| [entrepreneurs |e —— age ta | P| crpntes d,s, a | apa “This concet soared on 2 rten Bat roto mie bu the ‘amount of resources avaale. Ths sro Ot aso ambos fetus (ras rd eres) a can be raced ‘th gen rescues anda. Economie growth cca. an the eve sns otnard. The techincal change anata accurasten shh te Cove ‘utara re the main cares of em rh, ‘Straight ine ws. Concave tothe orgie Pstaight tne rparnty st Str estucee © Conenve to the ‘tigi = reso: ‘rem sini wt operas rpc Ponts to reenter 25 ‘regs the roccin posses ave:© Ronda sen ne gar ren Saha esha ‘asregate demand Co An aopreaite demand cave depicts ta dened of ‘onsuers busnsse, od goverment ew sg purchases forthe goods and series othe ECONOMY Rarteret pe lees ffectof price evel - the pice level acs speite ‘emand for seve reasons ‘spree level Increases. (iin Ineebes), “nominees Increase causing 9 decease mite sentive Tmerest™ sense seog Incas. spedng (0° et Pn nn . ee ee meron. 8 Tah +e a cane be ‘roo Uecrenses org cya seats ere een opregete_ comand ‘reugh fa own spending levels, taxes, and ‘monetary paley ‘rare 1. Aggregate demand, Fo gen level of tx GEES, tes adn aes, a decrease governmental purchases wil Tsu Fat ences in agarenite ‘sty 8. Cosas in Increase in aggregate demand ‘agresste D. Decrease in aggregate mand ‘© Tisschedul prsens th relatonship between goods and ‘sences supple andthe rice leva, assuming ot othet ‘volabes tat afect supply are ned enstane "ile tere Is no complete agreement on the ‘shape of he aggregate supply cave, '© The aogresete supply curve has pices remain seatiy Sagan unl he ecrony reaches near apa, a which Stony cine aye coused by technology improvements, changes, In resou availability, or changes in resource costs. nse <9 =eno 0 21: macrorconomies Eaulivium GP occurs when he at ie of oro Just enough spendng to purse ie ene aaa meMuiniec tet he mutts rr 1 he ft hn a in ned ‘consumers businesses. he govecament = ‘Sulligum.GOP Te reso ors eat reas span, ‘Recs neore totes conus whan eas fe ‘ending, whch opm, Ieteases the Income of ther aname, o snes ete Theor, the rend spending rele th con {coe by much more tan te egal nes Se eect of the mutple can be estmated by ang Seems, eget wert cane (Co mar POY le ‘irainal Propensity ia. Consums | [ Marana Propenivie iz) are) ‘ates) tc» ee cone angen see NS» Cage Te Mow mach pel a re ‘an cnsime whe eh angen Yow mach people conse rather ‘hn eve wen tee 9 change Nate hat for evry one peso of alton! icone, + can percentage wl be used for cnsmgton an the rena part ved Tus the maf he mari rperaty torus mag Property to soe wile equ to 100% er 1. The muller my be 91 by he Marginal Propensity t Save (MPS). iter feat he WPS 5% peng she eens exam GOP Pps 08 ‘Exercise 3. MPC/MPS. I on crease n goverment aes fa eres of Ppt lon enue equbeum GDP by ‘rion, ad tot tees and ester we constant wat she mag [ropensy to consume cu ot dposaie come? 75%, THREE MAJOR ECONOMIC GOALS 4. Promote-Economie Growth 2 Renate oer ecm got tt ere oo we te peso vee el gate a ee rode wt a county's borders ore yet. ~~ G0P Per Capit (per person) = Go” avon by te ‘etn iether eo et hm a PES ‘8 Cue nce» (ver 2— Yee tea 1) * 100 ‘tincidg ne eataton oP ov ies ads ie eo ts + tig Pate av. a oe es . Ptieg Pen Pn ec anor (rs we be) (wre ons (38 cs). ‘tama el aces TE Und we ek markets, CU [Beebe 4. trcosion/excusion inlirom GOP whch ome oF Be | eon wl ret be nda nthe sano oF GoP™ ‘h Adocto’s fee ‘enroweetarewrone | Purchase of common 5, fknswonstre wares wage | ode + GoPcatetaton e Spec, Riches perl eonsompton expends, Gross Pate Ivesmert mn cptl goes (29. nacre), ‘snes ne outs es ears. Te bse ‘suoten mula be to acd up a re spending oo rat goods ond sevens routed ea 2 Gora c414640-m) Where: €~ consumption expenstres (tal household spending (on consumptn gon nd sevens. T'<“Twestmert (ms purchase ef pans, equipment, uly, on on to iverone) {G'= Goverment purchases goverrevent spening on ecard svies) (GEM) =Ne errs (exports minus mors) ‘© Income anaraach - ats vo athe income hat Teeted fern seiy ah fia goods nd sees protic 9 ven yoo (GDP = Rent + Wages + Interest + Profit trarcte 5, GOP Computation. Wish af he flowing May prove @ leang nestor tre meres n gross comestc rece? A._Aedicon nthe money sup ~~121 £4: PRCROECONOMICS Ww Increase In the average hours worked per acion mel i ax pao 2 Reali Sl ty cemacatecenr ss . ee cco for ton om yet © eat SE nin pew Peal ee Ser o. Seed cia | Segoe effect offlation onthe mex. 2 ee SE ar =. + cP Gep Potential GOP ~ tne Dagon. cou tse pace an so ‘itievt puting pressure one gee ee ees Te eerence betwen ptt GOP art bP seated he @DPouD. nen pie, nets ot ‘here af unmoved se economy, and we cad od ‘eumsloment + Resa oten sas, ‘ove normal capey en pes ald enous + Net Domestic Product (NOP) = GOP ins ‘epredaton The tare fl cbt ef an, br, a, ted envereneutal biy pace ye ‘ys cts, produced water wae Ht ‘ry or elenere ren. +The Business cyte “72+ Lcumren 21: wacnorconowies A ines oe 0 cst nape ecnamic (2 ttt for ere! ye. Sosa Sr 8 ‘euting bat ey ere of a gn and ery. ‘heya Capi os sre ef pute na wou peak (ote ede ped of waromi ens a De {hg ee reason (ontacin) le = bo aa i oo rceson we ay a conan ecrery(enpandon). The ye Fos felonng ses oak =the pared wen earamc acy Is © Trough ~ make by fy Jos of ceramic cy unre rss. © Recovery ~ mark by Herisng economic stywenionern fries Labor force — Number ef Benes ae meme a ‘Popusation inthe labor forces + Three types of unemployment Fritonal “Unemployment — ne a Tradl, forced venta = brine in te sone ea Mig src fort ob + Seasonal unemployment 2 pecie ‘ype of ictoral unemplomc ees ce tine ote yer ante ate the + Indviduls ae quae eras it treater hl + New entrants nto the woece so fain the sega. 2 Steuctural Unemaloament ~ cise ne inbr forest sone ss ace ont dont hve tener sn ee [wl ee coe fk esos at row sila oe 1 psoten tint cares ncenils pocucs or sens © Ems “cong rete, et Borns wt 9 woke 3 Src unelymet s™ « ebioptemerplormet noes ono Lomeren 21: mncnozconomes 3 Suc Unemoloment ~ caunad froma {Saeiion fs dra ts tmdt sd ss “Ths caused bythe eon n which + There suo nemelomert es naussons ood aero es + Thema Rate of Unemoioyment (© FRICLONAL AN Tau Un Omen ‘rvs peer becara pope wl 27s ‘noeen ose repoed by tern Natur Rate Unempoyent (RU) ~ retort ps burl werner, ene arnt of unemployment tat exits sihen the esremy 5 heat and rong. ° eves hee Beet OP se a ‘ernie, + Sitcoms of te employment Rate = te ste can ‘adores the wc unenymet e besueo Schroeter sone erat ve folengerwong 3 os eae 2 higgventn. = bad Underemployed workers - soraone wi re Pam tt erat Se 3 Koso Price Stable (Limit inflation) ‘Beri 6. eects of inflaton. A prod ag Wi * 8 © * lat infatan? ‘> Tefen the hing general ive ef prices and reduces th “purhasng poe” of foney ‘sualy measured on on ruta © Note: Unepeed inflaton ps Borowers but hus lenders and peopl on fae income ‘Wil rot be afeed by convocs Dat ne the indening of parents. Increases the price level, whlch is negativly related to the purchasing power of money. Enhances the pote eltorshp between the pce level an the rehoaMICS q RASTER 21: MACROECONOMICS: — 0. Ra es nh bls oso Bee » tavern spe se RY. oe oat 0 mint wage Re wage Suse on nmr wwe gem cn eee ware See by ng Leste ate oy erect ok (ees os, . meee, | S BEMAND-PuL toaton (eros es © Nema Fees es epee "ois ce of eon ocr ine * [etsminmnny tines dete Sectors “be ‘not adjusting for inflation. = ‘economy's normal ffl-empioyment ee ee ot Ce a bacon rome py sates? Saas ta ceed «Epes tne oor congoes Aer nex mene i» ast of : Parsee herd ad itm a oe enue rice Index (CPD — be ‘rrcee 7 Redacng demand aul ifn, Te nom =e =| ‘commonly used measurement of hfe fe policy program to help reduce demand-puil inflaton would be to Somes t nomoe be pte wees 1 hae es oe Geom eee gow | ‘orsunes pai for 8 fed baset ef gor) ‘government spending ‘the money supply Peril teerr lomelad Sao homeo | {nd sence purchased in some base pera decrease government Gower eng. icf rte ey Sateen teense neo ST heen esse osc + Producer Price Index (PPI) - messes te ‘9 This cause of inflation occurs fom a9 a ee eS New econ dooms oe Sides! iSeencee a. Meson Gurecereny decieesin ° Soars, a Soon aggregate output and unemployment ae “Bek oe eo ‘because consumers are rot willing to Day ou cura apatng Ne Beat mo Those mare pee. Seve pens . © GDP measures. ++ Inflation vs. Unemployment ~ There 5 en inverse eae Rite eet ooo Sroeat aot mae © heuranpomer ty, ton ear roease Mis af oly be oman Ihsan ete dares wethe rampomen ae ce tet 9 commer. Isr ces epee. The coh ro a foots ons ce eit a « When menlonert ae ow tn ends o ‘emestaly. vores sox ee woe. serpin tos oot then nanometre hho ens ‘Bint cor er ave mai tiation? a 156~ ~11~_APVER 21: MACROECONOMICS « Deaton te om sao dete ay fe pce ve Seon sey ae suds aimee {8 pee wr money ab forooerg poe. Bey a ae {neat nant and eauipment 9 ‘inotpot on ecuorert Saec "ErcasB,Dition. Cerone ca epee Sion ‘Spereneang pra of latn. HEY ote flow tue ‘eatery canon? aly, erst sth cost bare mn, Feeremat ypc ous on tere pt feof Inport wr ‘eced by cea Tek matrye Stn ats Aa wth eer cnmodis, vet toe (item oceans Te (Recon ote donond 2d ap ens ony dere th euleon peers 'S Ontedenansi, sere {erate Ise eB mE ‘ntreto row g eet ‘fetiarwetorowed 18- >» ¢ ©The sg of tras set ty te a ~759*| oma AcRorconowes _eoworen 21: macnoecononcs ca | - oe ert tes es oe tun or + Farge onc et” Ba prom * RRERUNEE Fs Poem te a ena Sag et ssa, rainy | Se fy mioeet ang | 2 RRR eotirch es mow ah RESETS mem cue Tmo, a , 1 mp tes an 8 ‘9000s and ange ~ money can. [BENEFICIAL to the ecaromy, tener baage cee sa 2 Rams Seca wth ne congestion, 0 ‘nest mote sang and insist oe aac Re decom menace acne” | ant aioe a, Pies tine hata tease Pees . ower for money slows ou to sere {efactone spending aa befor bo cnt a a | = eae va | ‘sed a ediom af exchenge et PA ag oT igen hea SS aa | icieseameinee, | ow So erates eT cm oan, | |b par bnnonniarannimentcceory + rear 5 Page esaccuteceins | Trott foe Imarket depot accounts snat-eremior et epost nts | SSMS al gn sl gy fe ed soa oe stat tt Stance: Bentaney ih rate, The tad money metab 9 0%, (Seduce, hele eps, re money avg US. eee ° citrine oy the crt ers ‘FISCAL POLICY AND MONETARY POLICY ‘Raney poy and WOT reed ote ere at © (economy Inter worse ane 599 ry | elses an eterna by cara ba DY Ae ies es nd rea pes See cute in ‘Or inflationary tendencies. a : + Fiscal Policy are © Maney amant o ernt e sovemmentastons shots sisi | ‘eure be fora re Fae eae Sbioe earn os nt ‘Sytem oto oe soso | Spat aso a om =O cansionay Foch fay — tvs tik ree inemployment and increase GOP se nerease goverment spent tes cs ter ee aoe £5 onan Suemeeemaeincenrecees See et rae eensninmnane ecto oeous ge citrnee oeatdasnt = laws that reduce non ‘and income in the economy. ‘At higher income levels, contractions mig {econ fer maney eres rw nee ° 3$¢ 90% ‘spending ‘revels, the demand for money decreases: pen reg aoionem) 2 Combination of the two tain nna mt ah RU eaamt oeer yeepe tom : ate ~761~= <4 oACRUECONOMICS. © Adres nthe sly f money ues money bn the natn taning stem to bscove rere stares eusng te me rs ef De cron Shoeinerest ates wousrise, tere neue es, ‘ron come ad reser aay Sots Rul eek mak {eiuce agp seman te sony. © When the cro s niscssion, th 5 my emer itresaes 8@ ect Fe nur © Exmansonany ory Pay an erase n sey of money puts donna ‘rere onthe elon ret teh oe ‘pp of more erases, becomes sae inte nator tang ste sd ees ul fl eaarg comune eine, {ovee Tis woud oan snyeaie rans © Vinente ecrony &inald- expansion te SP moyen es st ne GOP ‘ou ad peut fom eeang “+ Depostaynstutns (ans, savings and ons, nd ctu, 2c) toro syerr money ond ene Oe wane 19 cana, bases nd gverear The BSP conse acre epostay urs ane cn the Sip of money me i Eros xn onary and ic pole tie ave ees ec fra ber rear, tg Consus alee ooh ti cnsumoton sd on gs ‘pena eps nea Fes ae ene tat ester based on cares ih Fest une ad senarg seen ropes esas 1 Frmeate ome toast pao based on ces mae sotemnatlonal Tae and Freon Exchanan Rates Ezonomic getatunton les to te neening exrromie nrdependenee of rates ecm aces the wis eough 9 104 snsess in rss arder movant nt ee, eng ca W516 to sgt wed marathon devo ecaromes have sated wih es. deeaped counees oj rears of reg” rect Iement the reduction of tate tres, ad the moderation the devtpng counts. The compre abvraes of rae eee oF feces bor tract Busnes and pia to denceng (eT=95) eons, Internation wade is vey mpatat oat ery buses If coutry hase abs abarage ate pdaton 9 prc’ Gd {fee an ewe fr tt enury to pede more tan forsee twerpat he goadtocouies wn higher raion cos This esecy tne HR aso has a conpaabve aoe to proaieny te got. B fepaatve avaroge means tat county tas to sere oss of ‘esc that woud iva age et Inthe eg te, cont ‘eat goods an vanes il gate a corte at mare 8 coarere _hvrage. By eon ts compare advartaes and esr soc {ries 2 aon can pot te gods for wich has 8 corre {satverage tis mane ros wl be beter of fugu influencing exsist ~ as with ay ether mate, e fange rate betvech Sv curerces eid ty ne iz ood the demand fr, hose cuerces Rowews, se ates re asa Sc 1D levee by te cena! arse coutis Troe, xchange ze (hen sod tobe ceed by mange fo. In gener fects wife the exrange atc paras aeery "Inflation ton eso ete he we ea cence Fling the crency ets etices prs poe” + Interestrates. rst eu ina ptt eau regres sve oor curtis, reves rd cores il ences {oimvestin that county. Asa rest, ter ibe nceased Geman Fer county's corey. ‘+ Balance ot payments. are of payments suse to eter t2 Systeme scat Dat etaogs be Pow of gos etneen te resent fo courts © Meumry Xs et xpter of rods an etre as 2 ulus bone of tade,cousres pera the 9s mas use corey aren > Thstncresces th ear athe carey and neeore ereove ave rg teenn, theca bank SP ttuny may spat depress he ve ots cen. <7—— Aaa imncnorconomes RTE ORC ONO CS —___ Practice Exercises * Other factors. ote fas tat may aet exchange se poltcl ans eronome sy, extended ack Mate ae ‘ssareaate Demand and Suoely Spare dene nthe cena fore gots 1 Meteora of eperates er nimer gots nd neste bead I ices putas of cores, Ine, Seren ene fragn eee A hagregitedenard = asocomngten 8 Grewdomesiepodut DL Ropers tocreime 2 Fora geen lent of tx cacti pices ot tet tes, cee ln goverment pues wilt), Aram moore Crna im orentt Re ener 3. Decease in apgepie 0. Davee ih apyeite ‘inpy enor 4, eos coos eon e's inom ears o Nertin < aoe ‘pete Ettect ‘DP earamists and econo plc mars ae bteesd in te miler ‘ec beause te mule evan wy 1k The vy of mney ess ance. 8. Consumgten saya mile ct segs. . ‘The money spy heraes nan deporte te baking Sytem ncease 0. Xena ang hi ivesner can havea rch ie inact on (ess donee produc. ross Domestic Product (GDP) roe comes procue (6P) he “Toul pucases by consumes, busses, govrnet, ant foregn enue ‘Tal amaurt_of genres for crsurer gos ant Investment fr a pei a tre ‘Vole ala gods nd ances proce yb suey By tot comes nt oregawred ase. Wate of at gas and serves pec by te county By omesic frm excuig Dose procue! Oy foregroued companies, | hich one of the ftowing wos nt Be ned nection of or TA. doctors fe c Rectuseot anew tone B Arche “cf commen BL fn eoretve woners eck woe power ~18~== 1 =n Hi: MACROECONOMICS: 2 bn gtr in econ acy ndeted by a te flog, xe ‘A Inseased hese Wats Inrease npn re Reduction n the amount 9, Reducton the ety tary purses (anenpoymenteoms 8 The primary reason for lowing ea nmin ists tons ‘sherman’ poteral or TA ReGuEnpa ace Ct. C. Fuling pole seenert 8 Fung 8 tade 0. Centibutng to erreme peenent owe 9. nich of the folowing may roice » lexdrg lndator f 2 tre lcrease gos rest ped “kA educion the mee) Su BA gersee nthe ence of ie perms . fnipreaee nthe tenes dlr vere, 1. Aninereasetn he averages ored per meet Prodan 1D sa sequence cf economic attyn nan coary that spy ‘aracterae y for pases = reason ere, one, 8 eee that repeat theres verti 1 auaness ce, crt ee 8 Operating ee D eaae. 1, Ding the rcesonar phase of buses ce ie purcnsing power of raney eyo dcine ra. 1 Poet ntna nse al exces octl maton ens etal natn ncone wil exces pens mater nme. 5, “hentia of unenpoyert il ners rama 12, isthe most unlea ape of he buses lobes omnes ‘nd conus ke Tray be dsebed 8 a prod of ed ‘eonome actity In wih levels of Burg, seling Odor ont ‘eloymen typical ih. Rete efter, 8 nfo 5 oss 13, Tis stage ofthe buses. ste poi t whch the enon “ugh xt ana tt wating wy upto eter franc as Gon (CP Sr 8 Reewery B. epessin een 21: MACROBCONOMICS. Tete of unempoymet caused by changes nthe coneston of ssorable Income 15. spose come calasted as ersoal nce min: poste. ersonal income is bars amet. iss comes roti mins aes ot onan. Net comes rail mins rere iors tes us ret Income eared so, prep Inteeat Rates 16. Wt factor explains te dence betwen rea an rial eres "A Tato ek Gest betas 5 Meter se {nation IPE ertrs oa ise te gener ieee of gon ard serves in Reson x nfaton 8 Dettion 5. Depeson 18, Paste fects of fat nde ‘Uncerainy aout Mr ation may dcnrge mvetmert dso. {issn stayin he eve of money another monetary ems oe" ne. aigton af economic essen and etre by rein thereat ila ee ‘Sorages of goats consumers ep oan anspton of pre mercies ne ae, coe 18 pet of ing nition PR noe ates by conta ht inde Be ndeag of payments. 1, Frreaes the pce te, whch neptiy reed tothe craig poner of morey. cc Enances the poe reatrtip beeen the price evel and the prchasng pve’ of mere. 1. Ineeaes the peeve Wh beets tose who re ented toveceve spect outs of me ~19£6.44: AMCROECONOMICS 20 The proce rice inden meses ‘A> Be changes of goods purchases rm ther cours ce chnpes foo predict sad by domeste ods ty forges. c The gee ofa baht of commodis a the pit of he conmari e 1. The pce of 9 fmt mane bast of goods and vee prose by ypeal obo consume. 21, The formu for calaaig a rene forte yes 207, ng they 2a sareferece prone PEE Ee was ¢ png maeesitnan Ragivesctiotaa © Pate tsar ay ° Raghimecmncny ° Feviienasar ay Deflation 2 rest aces tegen eel of an es 1 Son Rese 5 Detain 5. Sepesion 2. Wc of he fotonng tue about detion? re eaten econ. C1 reais vey lon ‘exsonion it ater 8. Rotates comumesto 0. Trmotates uses a boron money ‘enema 2%, zananes fen egret at sem experiance ng pe of daft. vich eth tong tre abo etry eco Imre rates te tbe Ng ‘sul GDP soo ater GP. Companies oe estat o mate vse “he Tower ces eRe COMMAS To make mar pense. ‘iscaLpaliey EET rok eet fc! poley pram t hep relics demand ‘ton woul be Aare th ts and ecu er rent sera stow morey a a. foe" tues ang 0, Devewe” ime a decene ‘goenmert "reese "govennet Sema Sean. ~ 786 ne, 2% german mus eyo soto ey 2 eto, vad £ See meee mer crs re oc ‘rat nr wat pore a Se esti onstare Potey 2M ey gy maar ery wl ce se ‘geen ne cust © ance Ome 8. Keren inte mang 0, Sgennacat_prces requrenen bp Be ratons ces ta 28. Which ofthe folowing instruments of mentary pley i he most 'mootent mens by wc be mney Suey sere? ‘A Openmorat persone Changing te revere ato 8 Charging be sent. Manpuston e re ‘pvermert pening 28, Which of he feoning a toe manstay pleat a ate’ coal bank could use to sable economy ng on ory ere? ‘AY Encouraging higher tax. Lower banca tes 8. Lowering bank resewe 0, Sting goverment ‘equremens secaies 30. Cerra banks may contol hese of he mney sup Brough he {oloning,excent IA 'Sting terest rates C_—Reguting some ants to Ena conn 1B. Conducting open mart 0, Set of orig resene speratons reurenens 2, Asner rate eases, ‘hi The. demand for money The dersnd for money ress excesses 18, The demand fr money 0, Nene ine cnsces remains constant 22, Which of he folowing has an ves elton with te cman for revey? ‘A Agoreate cone. 8 Preeteves c tnwesttes 5 Rowers[CHAPTER 21: MACROECONOMICS SN 33. Govemereboroning to face le ets ereass hedaman 134. wn fe town is at an stument of monetary Bly yw enone ses cele? ‘Dpenmaret options C. Changing heresene ato & Gog esac B. Sanpuan e (ovement spending 5. Therate that crt bank charges froansto comme tanks clad 1K tntaon ate ‘C Reserve equremer 8 Dscowt ate D. Cmpensoing bare International rade 3b. iPterratonal voce, sbioteadarage ened as “ie offerece been expr and per ‘The ait to proouce pred fr stan ote rating. “healt ela he unt tat a conpany can rosie The aby of one fin to pode 8 rasa Ter open) cet on ser Mtn. onep, 37. Which ofthe fling the mst restive bai wo expertingt 8 eure? Ret © Ques embargoes DL Vad tae 38, When a county imports more than teers Th thar agateneinpots.C It has negative et fencing 0. Thee is mile 8. Theconty epg ‘ouny Biconeam fenton 238, Viney a cout has opave et egos "heim more han heer 8 Resor ren oe expos are ary oul tots ingots, 1. Thee 8 nt flaw of goo avers which rest na tadt sup en mncrnecononcs Peer ee ee, A TheUstedistt CThe teal Veneta Fart B The censal Banks 0. spy ard dorand inte Monetary Bord freqnemerey mst 41 ois arecy ee ext it tee at 1 Tacrate terete 8 Inatonte DL Petal aby 2, Ihe Pippin Psa deans nv reaie to the eaences cf many e115 bag paren, ei ak Pillpine moors wi tent ere © imigereonotsmnteate howe CT Piprines bloc of payers fc wil bec war. D. Foreign crrences wl epee phi hePaiane PasAACROECONOMICS ANSWER KEY He] fara) fare ata] [ate] fate Bre] fate] fate ute] fate] [eto asta] [aste] [3s Fer ita] [ato] [ste zte] fre] fete] bere fete) fwte} peta} [ele fete) fete] Gere} Gere Gere} feted Geted bere Tem [Ans [comment ie are ES ae OS Te a 15. | costmer, bene, nd goverment wal 5 parcours for he gtd sens of he coy Steen pes es ‘he ape cvs we A whe a srt or goverment re wings sera mare | teen or hen tee an se or deuce ‘Soon for sonese resus aos Ths, great © | Sone sogrante demand Ovough Rs owt seen fees tne are mone oe. Thus, 2 decene in govermenal puciase vous evens te ages dena, The aggrepite dona cave woud whan rau, buses or goverment are ligt sou more les o shone a an ets of decease he ond fr domes produc ast ‘us, when conser confdnct fl, tee wo be ‘ese spending and woud hs reuters te ‘apepite derandvinn woud resutinadomtnin te ‘iti aay ins may be wend by Seno hs pe =] feodsand sence product tine coins one yea We ehasite tat GOP ony cries goats at ave been produced’ er svar that het been receed Excloded fom GOP ae (1) inert 2028, (2) | Nonproducten gods) and (3) Ron-rariet ard eps | ein Doctors fe and an atonetive wore’ wage forms fat | of serves rendered wile a purchase aren Poe’ & ures of frat preduc. These ree tes he GO? 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