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Econ exam 2 > Variables > Flashcards

Variables Flashcards

1
Q

T

A

taxes

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2
Q

P

A

price

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3
Q

S

A

saving

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4
Q

I

A

investment

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5
Q

C

A

consumption

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6
Q

G

A

government

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7
Q

π

A

inflation

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8
Q

Nx

A

Ex-Im

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9
Q

nGDP

A

nominal GDP

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10
Q

n

A

nominal interest rate

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11
Q

Ms

A

money supply

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12
Q

Y

A

rea GDP

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13
Q

Q

A

quantity

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14
Q

K

A

capital

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15
Q

N

A

natural resources

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16
Q

L

A

labor

17
Q

r

A

real interest rate

18
Q

H

A

technological knowledge

19
Q

1/P

A

purchasing power of one dollar

20
Q

w

A

real wages

21
Q

a

A

technology

22
Q

What are the 11 nominal variables

A

taxes (T)
price (P)
saving (S)
investment (I)
consumption (C)
government (G)
inflation (pie)
NX (Ex-Im)
n GDP
n (nominal interest rate)
Money supply (Ms)

23
Q

What are the 10 real variables

A

real GDP (Y)
quantity (Q)
capital (K)
natural resources (N)
labor (L)
r (real interest rate)
technological knowledge (H)
1/P (purchasing power of one dollar)
real wages (w)
technology (a)

Econ exam 2 (7 decks)

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