Flamingo

Samantha -- Here you go . . .

Flamingo

The Answers

Do yourself a favor! Work the problems before checking your answers!

Post any questions you have about why an answer is the answer.

The Answers

Samantha -- The ones you are waiting for will be posted before 8:15pm.

Macro Handbook -- The Essential Parts

By now, you should be able to easily graph the cartoon on the cover!

You should definitely review the following. Highlight anything you need to go back and study.

• Macro Cue Card from 2009 (not much is going to change!)
• Countercyclical Policies
• Graphs (except for Laffer) -- Most of you know these.
• Formulas (Make sure you add CPI from the board.)
• Macro Relationships (Make certain you can free-hand the last 4 on the front page.)
• Vocab List (See the post about updating your list.)
• Balance of Trade
• Spark Notes (Some of you may benefit from the terms/concepts.)

Macro Handbook -- Vocabulary List

Make sure you bring your Macro Handbook to class on Wednesday!

You will not need to know the follow terms for Thursday's exam -- 4, 23, 51, 54, 67.

You probably do not need to know -- 60, 64.

Please add these terms:

• real balance effect
• scarcity
• factors of production
• capitalism
• free market
• mixed economy
• Keynesian
• store of value
• medium of exchange
• standard of value
• labor force
• tariff
• subsidy
• quota

Please make these corrections:

• #20 -- (This is how they target the federal funds rate.)
• #37 -- The largest component is W for Wages.