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Intermediate Macroeconomics > Economic Fluctuations (L8) > Flashcards

Economic Fluctuations (L8) Flashcards

1
Q

trend line of gdp shows

A

average growth rate

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2
Q

log Yt=Y0e^gt

A

logYt=log(y0)+gt

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3
Q

business cycles are caused by economic shocksexamples?

A

changes in oil/gas prices
financial market disruption
new tech
changes in military spending
pandemics

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4
Q

% change in real GDP

A

3%-2 x change in unemployment rate

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Intermediate Macroeconomics (10 decks)

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