Paper 3 Flashcards
1
Q
Productively Efficient
A
Lowest point on AC curve
2
Q
Allocatively Efficient
A
When Price = MC
3
Q
Bond Yield Formula
A
Yield = Coupon / Market Price * 100
4
Q
Structural Budget Deficit
A
Budget Deficit at Full Employment
5
Q
Cyclical Budget Deficit
A
Increase in Budget Deficit during a Recession
6
Q
Loanable Funds
A
Savings
7
Q
Demand for Loanable Funds
A
Borrowing
8
Q
Supply for Loanable Funds
A
Savings
9
Q
Evaluation Points
A
Source? Varied Data? Time Period Number of Countries Other Factors Need for More/Other Data
