Macro Equations Flashcards by Tom Robjohns | Brainscape

Q

Real wage rates

A

Wr=Wn/p

Wn= nominal wage

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Inflation rate

A

Inflation rate (pi symbol)

=P(t)P(t-1)/p(t-1) X 100

P(t)-price index for that year

P(t-1)- price index year before

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Mpc

A

Change in consumption / change in income

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Injections multiplier

A

K= 1/now

How well did you know this?

1

Not at all

2

3

4

5

Perfectly