BMAK at Universität Frankfurt Am Main | Flashcards & Summaries

Lernmaterialien für BMAK an der Universität Frankfurt am Main

Greife auf kostenlose Karteikarten, Zusammenfassungen, Übungsaufgaben und Altklausuren für deinen BMAK Kurs an der Universität Frankfurt am Main zu.

TESTE DEIN WISSEN

How can governments affect the saving rate?

Lösung anzeigen
TESTE DEIN WISSEN

■ Governments can affect the saving rate by:
– changing public saving (budget surplus)
– using taxes to affect private saving

Lösung ausblenden
TESTE DEIN WISSEN

What is the "curse of cash"?

Lösung anzeigen
TESTE DEIN WISSEN

large denomination banknotes are easier to shift thus, making them appealing to not only money launderers but also drug dealers, tax evaders, and terrorists.

Lösung ausblenden
TESTE DEIN WISSEN

Do not say "Mary is making a lot of money"; say "???"


Do not say "Joe has a lot of money"; say "???"

Lösung anzeigen
TESTE DEIN WISSEN

"Mary has a high income"


"Joe is very wealthy"

Lösung ausblenden
TESTE DEIN WISSEN

why do wages depend on the expected price level, P^e, rather than the actual pricel level, P?

Lösung anzeigen
TESTE DEIN WISSEN

Because wages are set in nominal (dollar) terms, and when they are set, the relevant price level is not yet known.

Lösung ausblenden
TESTE DEIN WISSEN

What are Comparative statics and dynamics?

Lösung anzeigen
TESTE DEIN WISSEN

Comparative statics versus dynamics
■ Comparative statics:
– Before and after
■ Dynamics:
– How do we get from before to after
■ We will be primarily concerned with comparative statics

Lösung ausblenden
TESTE DEIN WISSEN

What is the natural rate of unemployment?

Lösung anzeigen
TESTE DEIN WISSEN

It is the rate at which the wage demands of workers are consistent with the price decisions of firms.

Lösung ausblenden
TESTE DEIN WISSEN

From a Housing Problem to a Financial Crisis
■ The demand for goods decreased due to the _________________ and lower confidence.
■ The IS curve shifted to the _____.
■ Policy makers responded to this large decrease in demand.

Lösung anzeigen
TESTE DEIN WISSEN

From a Housing Problem to a Financial Crisis
■ The demand for goods decreased due to the high cost of
borrowing and lower confidence.
■ The IS curve shifted to the left.
■ Policy makers responded to this large decrease in demand.

Lösung ausblenden
TESTE DEIN WISSEN

■ The higher the price of the bond, the _______ the interest rate.
■ The _______ the interest rate, the lower the price today.

Lösung anzeigen
TESTE DEIN WISSEN

■ The higher the price of the bond, the lower the interest rate.
■ The higher the interest rate, the lower the price today.

Lösung ausblenden
TESTE DEIN WISSEN

For a given level of nominal
income, a lower interest rate increases _________________

At a given interest rate, an
increase in nominal income
shifts the demand for money to the _______

Lösung anzeigen
TESTE DEIN WISSEN

For a given level of nominal
income, a lower interest rate
increases the demand for
money.

At a given interest rate, an
increase in nominal income
shifts the demand for money
to the right.

Lösung ausblenden
TESTE DEIN WISSEN

FOCUS: Deficit Reduction: Good or Bad for Investment?

– What does this imply about austerity?

Lösung anzeigen
TESTE DEIN WISSEN

FOCUS: Deficit Reduction: Good or Bad for Investment?
■ Equilibrium in the goods market implies (recall Chapter 3):
I = S + (T − G)
■ Given private saving (S), a lower government deficit (higher
T − G) means higher I.
■ However, a fiscal contraction lowers output and so S goes
down by more than T − G increases, so I decreases.
– What does this imply about austerity?

Lösung ausblenden
TESTE DEIN WISSEN

What does your demand for money depend on? How can you hold bonds?

Lösung anzeigen
TESTE DEIN WISSEN

– Your level of transactions (how?)
– The interest rate on bonds (how? why?)

■ You can hold bonds indirectly through money market funds,
or money market mutual funds.

Lösung ausblenden
TESTE DEIN WISSEN

What is a Monetary-fiscal policy mix? What can be influenced by fiscal and monetary policies ?

Lösung anzeigen
TESTE DEIN WISSEN

Using a Policy Mix
■ Monetary-fiscal policy mix is the combination of monetary
and fiscal policies.
■ Suppose that the economy is in a recession and output is
too low.
■ Both fiscal and monetary policies can be used to increase
output.

Lösung ausblenden
  • 136216 Karteikarten
  • 3438 Studierende
  • 83 Lernmaterialien

Beispielhafte Karteikarten für deinen BMAK Kurs an der Universität Frankfurt am Main - von Kommilitonen auf StudySmarter erstellt!

Q:

How can governments affect the saving rate?

A:

■ Governments can affect the saving rate by:
– changing public saving (budget surplus)
– using taxes to affect private saving

Q:

What is the "curse of cash"?

A:

large denomination banknotes are easier to shift thus, making them appealing to not only money launderers but also drug dealers, tax evaders, and terrorists.

Q:

Do not say "Mary is making a lot of money"; say "???"


Do not say "Joe has a lot of money"; say "???"

A:

"Mary has a high income"


"Joe is very wealthy"

Q:

why do wages depend on the expected price level, P^e, rather than the actual pricel level, P?

A:

Because wages are set in nominal (dollar) terms, and when they are set, the relevant price level is not yet known.

Q:

What are Comparative statics and dynamics?

A:

Comparative statics versus dynamics
■ Comparative statics:
– Before and after
■ Dynamics:
– How do we get from before to after
■ We will be primarily concerned with comparative statics

Mehr Karteikarten anzeigen
Q:

What is the natural rate of unemployment?

A:

It is the rate at which the wage demands of workers are consistent with the price decisions of firms.

Q:

From a Housing Problem to a Financial Crisis
■ The demand for goods decreased due to the _________________ and lower confidence.
■ The IS curve shifted to the _____.
■ Policy makers responded to this large decrease in demand.

A:

From a Housing Problem to a Financial Crisis
■ The demand for goods decreased due to the high cost of
borrowing and lower confidence.
■ The IS curve shifted to the left.
■ Policy makers responded to this large decrease in demand.

Q:

■ The higher the price of the bond, the _______ the interest rate.
■ The _______ the interest rate, the lower the price today.

A:

■ The higher the price of the bond, the lower the interest rate.
■ The higher the interest rate, the lower the price today.

Q:

For a given level of nominal
income, a lower interest rate increases _________________

At a given interest rate, an
increase in nominal income
shifts the demand for money to the _______

A:

For a given level of nominal
income, a lower interest rate
increases the demand for
money.

At a given interest rate, an
increase in nominal income
shifts the demand for money
to the right.

Q:

FOCUS: Deficit Reduction: Good or Bad for Investment?

– What does this imply about austerity?

A:

FOCUS: Deficit Reduction: Good or Bad for Investment?
■ Equilibrium in the goods market implies (recall Chapter 3):
I = S + (T − G)
■ Given private saving (S), a lower government deficit (higher
T − G) means higher I.
■ However, a fiscal contraction lowers output and so S goes
down by more than T − G increases, so I decreases.
– What does this imply about austerity?

Q:

What does your demand for money depend on? How can you hold bonds?

A:

– Your level of transactions (how?)
– The interest rate on bonds (how? why?)

■ You can hold bonds indirectly through money market funds,
or money market mutual funds.

Q:

What is a Monetary-fiscal policy mix? What can be influenced by fiscal and monetary policies ?

A:

Using a Policy Mix
■ Monetary-fiscal policy mix is the combination of monetary
and fiscal policies.
■ Suppose that the economy is in a recession and output is
too low.
■ Both fiscal and monetary policies can be used to increase
output.

BMAK

Erstelle und finde Lernmaterialien auf StudySmarter.

Greife kostenlos auf tausende geteilte Karteikarten, Zusammenfassungen, Altklausuren und mehr zu.

Jetzt loslegen

Das sind die beliebtesten StudySmarter Kurse für deinen Studiengang BMAK an der Universität Frankfurt am Main

Für deinen Studiengang BMAK an der Universität Frankfurt am Main gibt es bereits viele Kurse, die von deinen Kommilitonen auf StudySmarter erstellt wurden. Karteikarten, Zusammenfassungen, Altklausuren, Übungsaufgaben und mehr warten auf dich!

Das sind die beliebtesten BMAK Kurse im gesamten StudySmarter Universum

BME

TU Berlin

Zum Kurs
BMB

Leibniz Universität Hannover

Zum Kurs
BM

Fachhochschule Dortmund

Zum Kurs
BMS

Medizinische Universität Wien

Zum Kurs
BMO

Universität zu Lübeck

Zum Kurs

Die all-in-one Lernapp für Studierende

Greife auf Millionen geteilter Lernmaterialien der StudySmarter Community zu
Kostenlos anmelden BMAK
Erstelle Karteikarten und Zusammenfassungen mit den StudySmarter Tools
Kostenlos loslegen BMAK