ba 3300 notes #3 Flashcards
1
Q
Percent change in GDP per capita from the same quarter of previous years
A
Real GDP Growth
2
Q
The proportion of the labor force who don’t currently have a job
A
Unemployment rate
3
Q
Type of OMOs
A
Permanent and Temporary
4
Q
Fed’s OMOs affect monetary base and hence commercial banks funds available to lend to the public.
A
Nominal Money Supply
5
Q
The nominal money supply is divided by the price level to obtain real money supply
A
Real Money supply
6
Q
is what firms are willing to produce at price level P
A
Aggregate Supply
7
Q
is the level of output that can be sustained over the long-term based on the available technologies, resources and institutions.
A
Potential GDP
