miscellaneous Flashcards

1
Q

kuznets curve

A

relation b/w income and inequality

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2
Q

fishers effect

A

relation b/w expected inflation and interest rate

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3
Q

j curve effect

A

relation b/w depreciation and current a/c balance

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4
Q

multiplier effect

A

relation b/w autonomous investment and output

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5
Q

cournot nash eqm

A

non collusive

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6
Q

stackelberg model

A

first mover advantage fixing quantities

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7
Q

kinked dd curve model

A

price rigidity model

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8
Q

bertrand model

A

price leadership model

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9
Q

phillips curve

A

tradeoff b/w inflation and unemployment

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10
Q

vertcial as curve

A

no long run trade off b/w inflation and unemployment

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11
Q

golden rule level of savings(s-> alpha)

A

consumption per capita maximum at steady state

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12
Q

recardian equivalence

A

debt financing by bond merely postpones tax

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13
Q

solow model

A

harrod neutral

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14
Q

lifecycle hypothesis

A

francois modigliani

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15
Q

absolute income hypothesis

A

j m keynes

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16
Q

relative income hypothesis

A

james dussenberry

17
Q

permanent income hypothesis

A

milton friedman

18
Q

monetary aggregate duggested by y v reddy includes time deposits of maturity upto 1 year but not longer

19
Q

quantity theory of money

A

irvinf fisher

20
Q

exchange rate overshooting

A

rodiger dornbusch

21
Q

law of one price/ppp

A

gustav cassel

22
Q

liquidity inference as a behaviour towards risk

A

james tobin

23
Q

leontief paradox

A

challenges the Heckscher-Ohlin theory by showing that despite the US being capital-abundant, its exports were found to be more labor-intensive than its imports(195)